MURRAY, Ky. — Murray State University alumna, Veronika Krepely Pool, had a study featured in a Wall Street Journal article titled, “Fund Pros Who Live Together, Buy Together.” Pool, an Indiana University finance professor, worked with fellow finance professor Noah Stoffman and former Indiana University professor Scott Yonker on the study.

The article referencing the study explains how fund managers invest in companies with headquarters nearby and ties to their old schools and for reasons related to politics and religion. In addition, Pool’s study factors in another reason a fund manager invests, based off the investments of other managers who live nearby. Managers who are located close to other managers and considered “neighbors” depends on location and population density. According to the article, “75 percent of the neighboring managers live within a 3.8 miles’ distance.”

Pool earned an undergraduate degree in economics with a minor in English from Murray State in 1998. Additionally, she received her master’s degree in economics in 2000. She was a George Soros Scholar as an undergraduate at MSU. Pool worked in the former Murray State Bureau of Economic Research before heading to Vanderbilt University to earn a Ph.D. in finance in 2006.

She has co-written other finance articles including “Conflicting Family Values in Mutual Fund Families,” “Suspicious Patterns in Hedge Fund Returns and the Risk of Fraud” and “No Place Like Home: Familiarity in Mutual Fund Manager Portfolio Choice.”

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