Josef Lakonishok, Ph.D. CEO, Chief Investment Officer, Founding Partner Tel: (312) 460-2443 Fax: (312) 220-9241

Year Started at LSV: 1994

LSV Responsibilities:
Portfolio Management, Research, CEO

Experience:
William G. Karnes Professor of Finance
University of Illinois at Urbana-Champaign
1987-present

Visiting Professor of Finance
Johnson Graduate School of Management
Cornell University
1985-1987

Professor of Finance & Accounting
Tel Aviv University
1976-1987

Education:
Ph.D. Cornell University, Finance (1976)
MS Cornell University, Statistics (1974)
MBA Tel Aviv University (1972)
BA Tel Aviv University, Economics & Statistics (1970)

Dr. Lakonishok is the Chief Executive Officer and Chief Investment Officer of LSV Asset Management. He heads the research and investment team at LSV and is involved in all portfolio management and research functions.

Dr. Lakonishok is currently the William G. Karnes Professor of Finance at the College of Commerce & Business Administration at the University of Illinois at Urbana-Champaign. Dr. Lakonishok has more than 28 years of investment and research experience. Prior to assuming this position in 1987, he was a Professor of Finance at the Johnson Graduate School of Management at Cornell University. Before that, he held staff and visiting professorships at Tel Aviv University, the University of North Carolina at Chapel Hill, and the University of British Columbia.

Dr. Lakonishok is one of the top contributors to major financial journals and has published more than 80 articles. His research covers such diverse areas as analyst forecasts, determinants of trading activity, execution cost measurement, performance evaluation, technical trading strategies, fundamental trading strategies, seasonality's in stock returns, size effect, and share repurchases.

Dr. Lakonishok's work has received many awards, including the Roger F. Murray Award for the paper "Contrarian Investment, Extrapolation, and Risk", written with Drs. Shleifer and Vishny, and the American Association of Individual Investors Award for the article "Fundamentals and Stock Returns in Japan", written with Drs. Louis K. C. Chan and Yasushi Hamao.

Dr. Lakonishok received a B.A. in Economics and Statistics from Tel Aviv University in 1970 and an M.B.A. from that university in 1972. He earned an M.S. in Business Administration in 1974 and a Ph.D. in Business Administration in 1976 from Cornell University.