Ludovic Phalippou

🗝
DOWN THE RABBIT HOLE WITH LUDO
"Asking awkward questions about private equity. Following the evidence."
Recipient of the 2026 CFA Institute James R. Vertin Award
Awarded for a body of research with enduring value to investment professionals.

Fellow of The Queen's College, where I serve on the investment committee and look after the wine cellar, a responsibility taken surprisingly seriously. I also ride road bikes, and I'm Professor of Financial Economics at the University of Oxford.

For more than twenty-five years I've been researching private equity. The more data and information I collected, the more I discovered that many of the industry's accepted "facts" were somewhere between optimistic marketing and complete fiction.

Along the way I've written books and dozens of academic articles, taught thousands of students and executives, advised governments, pension funds and other investors, and somehow collected a few awards. Before all that, I stayed at university longer than most people would recommend, earning degrees from Toulouse School of Economics, the University of Southern California, and a PhD from INSEAD.

≈5,000
Academic citations
Google Scholar
≈200k
SSRN paper
downloads
25+
Years researching
private equity
1000+
Talks delivered
at 100+ institutions
2
Books published
1
Wine Cellar
Phalippou_Ludovic-_creditFisher-Studios