A London Business School Ph.D. candidate in Economics, Diego Kaenzig, is the winner of this year’s AQR Asset Management Institute Fellowship Award. Announced at this year’s Insight Summit, the annual fellowship award recognises a single London Business School Ph.D. student who demonstrates intellectual rigour, innovation, and academic excellence. In order to be considered for the award, Ph.D. students must be in the fourth through sixth year of study at LBS, with research interests in the field of, in broad definition, asset management.
Diego is interested in the economic and financial implications of climate change. Currently in his sixth year of study, Diego impressed the judges with his work on the unintended consequences of climate policy. In his work, he demonstrates that pricing carbon is successful at reducing emissions but this comes at an economic cost that affects households and firms very unevenly. The importance of this is to understand hedges against climate policy related risks, not only the matter of carbon intensity, but also sensitivity to changes in aggregate demand.
Throughout his Ph.D. study, Diego has also studied the role of news in the oil market, the distributional impact of the pandemic, and the role of capital and income inequality in the transmission of aggregate-demand policies. Some of his work has already been published in peer-reviewed journals including the American Economic Review and the European Economic Review.
As the winner of this year’s AQR Asset Management Institute Fellowship Award, Diego receives a prize of £10,000