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George Mason UniversitySchool of Business
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Horstmeyer, Derek

Focus:Teaching Focused Faculty
Academic Unit:Finance
Positions:Co-Founder & Director of the GMU Student Managed Investment Fund, Director of Financial Planning & Wealth Management Concentration, Professor
Phone:703-993-9761
Office Location:Enterprise Hall 333
Office Hours:MW: 3:00 pm - 4:00 pm; and by appointment
Research Interests:
  •     Mergers & Acquisitions
  •     Executive Compensation
  •     Corporate Governance
  •     Board of Directors
  •     Hedge Fund Activism
  •     Mutual Fund and ETF Performance
Education:
  •     PhD - Finance & Business Economics, University of Southern California
  •     MS - Financial Mathematics,  Stanford University
  •     BS - Mathematics with Specialization in Economics, University of Chicago
Profile:

Derek Horstmeyer is a Professor of Finance for the School of Business, whose research focuses on boards/directors, ETF & mutual fund performance, and hedge fund activism. He writes a monthly column for the Wall Street Journal and has published in the Quarterly Journal of Finance, Managerial Finance, and other mainstream business publications. His work has been cited in Forbes, Bloomberg, CNBC, the PBS Newshour, Fox Business, NY Post, the Washington Post, LA Times, and other news outlets.  He also co-founded and currently leads the first student-managed investment fund at GMU, and currently serves as director of the new Financial Planning & Wealth Management degree at Mason. 

Research and Awards:

Dean’s Award for Outstanding Professor in Finance 2020

Presented at Portfolio Summits Institutional Convention, “Combating COVID-19’s Effects on Institutional Assets” 2020

Presented at the DCMV Private Equity Summit 2019, "Macro Economic Projections and Fed Policy"

Presented at the Board of Directors Meeting for Plan Sponsor Council of America, "Behavioral Finance & Investment Transparency"

Recieved OSCAR Mentoring Excellence Award from George Mason University in 2019.

Named Dean's Faculty Fellow, 2019

Presented at DCMV Private Equity Summit, "The Career Consequences of Being a Dissident Director," 2018

Presented at the Financial Management Association Annual Meeting, "The Career Consequences of Being a Dissident Director," 2018

Presented at the Southern Finance Association Annual Meeting, "The Career Consequences of Being a Dissident Director," 2018

Presented at The Federal Reserve - Washington DC, "The Career Consequences of Being a
Dissident Director," 2017

Presented at the International Conference on Economics, Finance and Management, "The Career Consequences of Being a Dissident Director," 2017

Presented at American University, "The Career Consequences of Being a Dissident Director," 2017

Presented at European Accounting Association, "When Do Governance Mechanisms Matter Most?," 2016

Received a Summer Research Award from George Mason University School of Business.

Received a Teaching Award from George Mason University School of Business in 2015.

Received a University Service Award from George Mason University in 2015.

Recipient of GMU Summer Research Grant Award (one of six each 10K), 2015

Dean's Award for Outstanding Professor in Finance, 2015

Dean's Award for Outstanding Teaching in Finance, 2014

Media Clippings:

September 16, 2021 - The Wall Street Journal
The Surprising Risks of Investing in ESG Funds

Setptember 15, 2021 - WhatsNew2Day
6 Best High Dividend Mutual Funds And ETFs

September 1, 2021 - CFA Institute
Revisiting Beta: How Well Has Beta Predicted Returns?

August 30, 2021 - Markets Insider

Why Meme Stocks AMC and GameStop Made a Comeback and Spiced up a Dull Week for Markets

August 13, 2021 - El Confidencial
Los memes y su impacto en las bolsas

August 9, 2021 - CFA Institute
Meme Stocks and Systematic Risk

July 13, 2021- CFA Institute
Low- or High-Volatility: Which Wins the Return Battle?

July 8, 2021-MoneyGeek
How to Start Saving and Investing

July 6, 2021-Pierpoint Financial Consutling

Securities Lending as an indicator of fund underperformance

July 3, 2021-The Wall Street Journal
Your Fund Manager Is Lending Out Your Holdings. Should You Be Worried?

June 30, 2021-The Street
Advisers Can Add Social Security to Their Arsenal to Fight Inflation

June 11, 2021-CFA Institute
Fixed-Income Allocations: Where To?

June 7, 2021-The Wall Street Journal
What Should You Keep in a Market Correction: Winners or Losers?

May 7, 2021-The Wall Street Journal
Convertible-Debt Funds: Are They Good Investments?

May 6, 2021-CFA Institute
Peak Diversification: How Many Stocks Best Diversify an Equity Portfolio?

April 27, 2021-City A.M.
Trading at all Hours: The Portfolio Implications

April 26, 2021-CFA Institute
SPACs: An Uncorrelated Asset Class?

April 1, 2021-Forbes
Grow Your Portfolio With Growth Stocks

March 26, 2021-CFA Institute
Trading at All Hours: The Portfolio Implications

March 22, 2021—MarketWatch
Google, Facebook Undertake Appeasement Campaigns Before Thursday CEO Showdown in House

March 18, 2021U.S. News & World Report
The Difference Between ETFs and Mutual Funds


March 1, 2021CFA Institute
How Long Does Competitive Advantage Last? A Sector Analysis

February 28, 2021—Morning Star
The Risky Hunt for Yield

February 4, 2021—CNET
GameStop Stock Crashed, but Reddit still Wants to Send it to the Moon: How and What's Next

February 1, 2021—CNN
Gamestop Proves the Death of the Individual Investor was Greatly Exaggerated

January 28, 2021—USA Today
Reddit Group Founded on 'High Risk' Returns Hits Wall Street with GameStop Effort

January 28, 2021—The Entrepreneur Fund
AMC Stock Tops GameStop’s Surge Amid Reddit-Hedge Fund Showdown

January 10, 2021—The Wall Street Journal
Are Tax-Efficient Funds Worth It?

January 5, 2021—U.S. News and World Report
7 of the Best Fidelity Bond Funds

January 5, 2021—Nasdaq
Will Low Interest Rates Force All Investors to be “Sustainable Investors?"

December 10, 2020—CFA Institute Blog
Tesla and the S&P 500: What Could Have Been?

December 6, 2020—The Wall Street Journal
Should Investors Buy a Stock After It Splits?

November 6, 2020—The Wall Street Journal
Do Junk Bonds Pay Off in the Long Term?

November 5, 2020—CFA Institute Blog
Dot-Com Redux: Is This Tech “Bubble” Different?

October 13, 2020—Wealth Professional
Why Emerging-Market Fund Investors Might Be Disappointed in the Long Run

October 13, 2020—The Wall Street Journal
The ESG Investor’s Challenges

October 4, 2020—The Wall Street Journal
Frontier and Emerging Markets: What’s Behind the Lower Long-Term Returns

October 2, 2020—Investor's Business Daily
Finance Professors Fight Off Biases To Make Smart Investment, Money Management Moves

September 10, 2020—U.S. News and World Report
7 Best High-Dividend Mutual Funds

September 7, 2020—The Wall Street Journal
When Buying Muni Bonds, Investors Should Look Beyond Their Own States

September 3, 2020—Zack's Research
Prepare for Volatility & Inflation with These ETFs

August 31, 2020—CFA Institute Blog
Should Fundamental Investors Give Up on Value Stocks?

August 19, 2020—U.S. News and World Report
Why Investors Could Add Some Active Investing to a Portfolio

July 21, 2020—Bloomberg
People Loved Nikola But Not Its Warrants

July 20, 2020—The Wall Street Journal
For Some Stocks, Bad News Is Now Good News

July 14, 2020—CFA Institute Blog
Stocks Turned Upside Down? The COVID-19 Beta Effect

July 6, 2020—Forbes
When Might You See ESG Issues Align With Stock Performance?

July 5, 2020—The Wall Street Journal
Stocks and Bonds Haven’t Helped Against Inflation

July 3, 2020—ETF Trends
What Can Risk-Parity Do For You?

June 25, 2020—U.S. News and World Report
Are Index Funds Still a Good Investment in 2020?

June 16, 2020—MarketWatch
How Activist Investors Risk Triggering Even More Automation, Job Losses, and Wealth Inequality

June 7, 2020—The Wall Street Journal
How Preferred Shares Have Performed Over the Past Decade

May 20, 2020—CreditDonkey
How to Invest $1 Million Dollars

May 12, 2020—The Street
What Are the Rates on Treasury Bills?

May 12, 2020—Fortune Magazine
Goldman Sachs Thinks A Big Correction is Coming. So Far, Investors Aren’t Buying It

May 11, 2020—ETF Trends
Can ETFs Persist in the ESG Space

May 10, 2020—Fortune Magazine
The Perfect Storm: Why the Coronavirus Market is Particularly Dangerous For Individual Investors

May 5, 2020—U.S. News and World Report
Why Investors Should Add Utility Dividend Stocks

May 3, 2020—The Wall Street Journal
The ETFs That Might Offer Protection in a Market Plunge

April 8, 2020—U.S. News and World Report
7 Ways to Hedge Your Portfolio Against Volatility

April 8, 2020—U.S. News and World Report
How to Evaluate Company Stock During a Recession

April 7, 2020—InvestorPlace
5 Fintech Stocks That Could Materially Benefit From M&A

April 4, 2020—Fortune Magazine
Are We Headed For a Depression? Economists Weigh In

March 28, 2020—New York Post
US Banks May Not Be Out Of the Woods

March 16, 2020—TheStreet
Are IRA Contributions Tax Deductible?

March 12, 2020—Los Angeles Times
Tesla’s Musk is Mum About Coronavirus Impact, Except To Say Panic is ‘Dumb’

March 12, 2020—Wealth Professional
Crunching the Numbers Behind Investing in Unprofitable Companies

March 8, 2020—The Wall Street Journal
Is it Worth Investing in Unprofitable Companies? We Ran the Numbers

February 25, 2020—U.S. News and World Report
4 Tips to Invest in Renewable Energy Now

February 11, 2020—U.S. News and World Report
Why Cyclical Stocks Outpace Defensive Stocks

February 7, 2020—U.S. News and World Report
Who Will Be the Moody's of ESG Investing?

January 16, 2020—The Washington Post
The NFL's Analytics Movement Has Finally Reached the Sport's Mainstream

January 15, 2020—U.S. News and World Report
How to Invest in Utilities

January 10, 2020—Indianapolis Business Journal
KIM: In Football and Investing, Conventional Wisdom is ‘Just OK’

January 8, 2020—U.S. News and World Report
What Are Industrial and Materials Socks?

December 13, 2019—The Wall Street Journal
The Surging Packers Are Exploiting One of the NFL’s Biggest Inefficiencies

December 11, 2019—U.S. News and World Report
7 Smart Beta ETFs to Buy Now

December 8, 2019—The Wall Street Journal
A Bigger Fund is More Likely to Pay Off

December 6, 2019—Zacks Investment Research
Tax Loss Harvesting & Capital Gains: What ETF Investors Should Know

December 3, 2019—Virginia Public Radio
Retail Jobs Drop in Virginia

November 26, 2019—U.S. News and World Report
7 Types of Fixed Income Investments

November 14, 2019—U.S. News and World Report
How to Invest in Preferred Stock ETFS

November 8, 2019—U.S. News and World Report
7 Vanguard High-Dividend Mutual Funds to Own

November 5, 2019—Guru Focus
How to Invest in a Declining Interest Rate Environment

November 3, 2019—The Wall Street Journal
The Real Impact of Tax-Loss Harvesting—and What Investors Should Do About It

September 30, 2019—Virginia Business Magazine
Bringing in the Big Bucks

September 13, 2019—U.S. News and World Report

6 Things to Know About Government Bond Investing

September 10, 2019—U.S. News and World Report

7 of the Most Expensive Stocks on Wall Street

September 3, 2019—U.S. News and World Report

Pros, Cons of Investing in Growth ETFs

August 30, 2019—Finance et Investissement

Should We Give Less Information to Investors?

August 30, 2019—Kiplinger

11 Utility Stocks and Funds to Buy for Safety and Income

August 13, 2019—U.S. News and World Report
Why You Should Know About Market Cap

August 12, 2019—Plan Sponsor Council of America
Mind the (Return) Gap

August 4, 2019—The Wall Street Journal
The Downside to Knowing A Lot About Your Mutual Fund

July 26, 2019—U.S. News and World Report
Why You Should Consider Small-Cap Index Funds

July 23, 2019—U.S. News and World Report
7 Best IRA Accounts for Your Investments

July 16, 2019—U.S. News and World Report
Which Stocks to Add if Interest Rates Decline

July 8, 2019—U.S. News and World Report
When to Choose Between Mutual Funds vs. Stocks

June 25, 2019—U.S. News and World Report
How to Use Target-Date Funds

June 21, 2019—WalletHub
2019's Business Credit Cards

June 14, 2019—U.S. News and World Report
Where Is the Best Place to Exchange Foreign Currency?

May 22, 2019—The Evidence-Based Investor 
Does Divestment Produce Positive Results?

April 4, 2019—Financial Advisor

How Sustainable and Impact Investing Can Increase Investor Resilience and Decrease the Performance Gap

March 3, 2019—The Wall Street Journal
Where Active Management Still Dominates


January 4, 2019—The Wall Street Journal
Double Whammy: High-Fee Mutual Funds Do Worse

January 3, 2019—Zacks Investment Research
Best ETF Strategies for Your Retirement Portfolio

December 5, 2018—WalletHub
Best Credit Cards for Students

November 19, 2018—Watchdog
Report: U.S. Corporations Pay 77 Percent Higher Tax Rate than Top 1 Percent of Consumers


November 7, 2018—WalletHub
Corporate Tax Rate Report

November 4, 2018—The Wall Street Journal
The Case Against Having a Bond-Heavy Retirement Account

October 29, 2018—Zacks Investment Research
ETFs vs. Mutual Funds, Rising Rates, Market Volatility & More

October 25, 2018—PBS Newshour
5 Things You Need to Know About U.S. Investments in Saudi Arabia

October 8, 2018—ETF Trends
7 Stock ETFs to Play a Rate-Increase Cycle

September 11, 2018—The Wall Street Journal
The Best Investment in Case of Inverted Yield Curve 

August 5, 2018—The Wall Street Journal

When to Pick a Mutual Fund Over Its ETF Version?

June 28, 2018—Fox Business and ETF Trends

Dynamically Adjusted Multifactor ETFs

June 26, 2018—Washington Examiner

How Mediia Mega-Mergers May Jack Up Your TV Bill, Even with Cord-Cutting

June 3, 2018—The Wall Street Journal

What Really Matters For An Index Fund: Tax Skills

May 6, 2018—The Wall Street Journal

Impatient Investors Get Caught in the Return Gap

April 5, 2018—The Wall Street Journal
Ethical Investing Thrives When There Is Bad News

February 4, 2018—The Wall Street Journal

Zero-Fee ETFs (or Even Negative) Are on the Horizon

Working Papers:
  •     The Career Consequences of Being a Dissident Director, 2018 (R&R at JFQA)
  •     Beyond Independence: CEO Influence and the Internal Operations of the Board, 2018 (forthcoming at Quarterly Journal of Finance)
  •     A Dissident in our Midst, 2018