Lasse Pedersen is a principal at AQR Capital Management, where his focus is research on global investment strategies. He is also a finance professor at Copenhagen Business School and NYU Stern School of Business. Professor Pedersen has served on the board of the American Finance Association, the Economic Advisory Boards of NASDAQ OMX and FTSE, and the Federal Reserve Bank of New York’s Monetary Policy Panel. He was awarded the Bernácer Prize, the Banque de France–Toulouse School of Economics Prize in Monetary Economics and Finance, and the Elite Research Prize. Professor Pedersen’s research has been published in leading journals and cited by central bank governors. He has served on the editorial boards of several journals, including the Journal of Finance, and as a research associate at the National Bureau of Economic Research and the Centre for Economic Policy Research. Professor Pedersen is the author of Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined. He earned a BS and an MS in mathematics/economics from the University of Copenhagen and a PhD in finance from Stanford University.