Sugata Ray teaches and conducts research at the University of Florida. Ray’s research has been published in a number of peer-reviewed journals, including the Journal of Investment Management and the Journal of Financial Markets. Ray’s work has been presented to regulators, including those at the SEC and the Fed; academics at conferences such as the American Finance Association and European Finance Association; and industry participants. Ray’s research has been covered in CNN, The Economist, the Financial Times, NPR, and The Wall Street Journal, among numerous other trade and popular press outlets. In addition to his academic pursuits, Ray also develops and manages quantitative investment strategies for Fundamental Global Investors, an investment company, and Capital Wealth Advisors, a wealth management company. Previously, Ray worked in various capacities in a number of financial services firms and asset managers, including Legg Mason, Oliver Wyman, and Lehman Brothers. He received his Doctorate, Master’s, and Bachelor’s degrees from the Wharton School at the University of Pennsylvania. You can read more about the author at his website: www.sugata.in.