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HÜbner Georges

Affiliated Professor
Accounting, Law, Finance and Economics Department
EDHEC Business School
Belgium

Biography

Georges Hübner (Ph.D., INSEAD) holds the Deloitte Chair of Portfolio Management and Performance at HEC Management School – University of Liège (HEC-ULg), where he is member of the Board of Directors and chairman of the Master in Management Sciences program. He is also Associate Professor of Finance at Maastricht University, an Affiliate Professor at EDHEC (Lille/Nice) and an Invited Professor at the Solvay Brussels School of Economics and Management. He has taught at the executive and postgraduate levels in several countries in Europe, North America, Africa and Asia. Georges Hübner regularly provides executive training seminars for the preparation of the GARP (Global Association of Risk Professionals) certification. Georges has published numerous research articles about credit risk, hedge funds and derivatives in leading scientific journals including Journal of Business Venturing, Review of Finance, Journal of Banking and Finance, Journal of Empirical Finance, Financial Management and Journal of Portfolio Management. He has written and co-edited several books on hedge funds, operational risk and corporate finance. He is the elected Chairman of the French Finance Association (AFFI) in 2016. Georges Hübner was the recipient of the best paper awards of the Journal of Banking and Finance in 2001 and of “Finance” in 2011, and the co-recipient of the Operational Risk & Compliance Achievement Award 2006, hosted by Operational Risk Magazine, in the best academic paper category. He is also the inventor of the Generalized Treynor Ratio, a simple performance measure for managed portfolios that competes with the traditional performance measures used to assess active portfolio managers. He is also the founder and chief scientific officer of Gambit Financial Solutions, a spin-off company of HEC-ULg that develops software solutions in the fields of investor profiling, portfolio optimization, and asset management. The company has now offices in Brussels, Paris and Luxembourg. Georges Hübner was appointed in 2009 as one of the four experts by the Belgian Special Parliamentary Commission (Chamber + Senate) in charge of analyzing the Belgian aspects of the financial and banking crisis, and again in 2011 as one of the two experts by the Special Parliamentary Commission (Chamber) in charge of analyzing the collapse of the Dexia Group.

Research Interest

Financial Research, Economics and Business Administration, Financial Management

Publications

  • “Currency Total Return Swaps: Valuation and Risk Factor Analysis”, Quantitative Finance, 2013, Vol. 13, Nr. 7, pp. 1135-1148, with R. Cuchet and P. François.

  • “Incremental Impact of Venture Capital Financing”, Small Business Economics, 2013, Vol. 41, pp. 651-666, with Y. Alperovych.

  • “Comoment risk and stock returns”, Journal of Empirical Finance, 2013, Vol. 23, pp. 191-205, with M. Lambert.

  • “Higher-moment risk exposures in Hedge Funds”, European Financial Management, 2015, Vol. 21, pp. 236-264, with M. Lambert and N. Papageorgiou.

  • “Equivalent Risky Allocation: The new ERA of risk measurement for heterogeneous investors”, American Journal of Industrial and Business Management, 2015 (forthcoming), with S. Plunus and R. Gillet.

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