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First awarded in 2007 and generously supported by Paul Desmarais, Jr., the聽Desmarais Faculty Scholar Awards are given in three year cycles to leading聽Desautels finance researchers.

Through research funded by a Desmarais Faculty Scholar Award, Professor Laurent Barras is investigating value creation in mutual funds and collaborating with PhD student Pouya Behmaram and Desautels finance professor聽David Schumacher to examine the mutual fund industry. Meanwhile Professor Jan Ericsson has identified聽a new mechanism for default contagion through his research funded by a Desmarais聽Faculty Scholar Award, and the funding has enabled聽Ericsson to hire PhD finance聽student, Yiliu (Lucy) Lu聽to collaborate.