{{Infobox economist | name = David Arthur Hsieh | image = | caption = | birth_date = {{birth date and age|1953|08|01}} | birth_place = Hong Kong | alma_mater = Yale University (B.S.)<br>Massachusetts Institute of Technology (Ph.D.) | occupation = Professor of Finance | employer = Duke University | doctoral_advisor = Stanley Fischer | thesis_title = Expectations and efficiencies in international markets | thesis_year = 1981 | thesis_url = https://library.mit.edu/item/000117075 }}

'''David Arthur Hsieh''' (born August 1, 1953, in Hong Kong) is an American economist and professor of finance at the Fuqua School of Business at Duke University. He is known for his research on hedge funds, alternative beta, and nonlinear dynamics in financial markets.<ref name="fuqua_profile">{{cite web |title=Faculty profile: David A. Hsieh |url=https://www.fuqua.duke.edu/faculty/david-hsieh |website=Duke University |access-date=October 13, 2025}}</ref><ref name="duke_vitae">{{cite web |title=David A. Hsieh - Curriculum Vitae |url=https://people.duke.edu/~dah7/vitae.htm |website=Duke University |access-date=October 13, 2025}}</ref>

==Early life== Hsieh was born in British Hong Kong and immigrated to White Plains, New York at the age of 14. He attended Phillips Academy in Andover, Massachusetts, graduating ''cum laude'' in 1972.<ref name="duke_vitae"/>

==Education== Hsieh earned his B.S. degree in Economics and Mathematics from Yale University in 1976, graduating ''summa cum laude''.<ref name="duke_vitae"/> He then worked at the Federal Reserve Bank of New York before pursuing graduate studies at the Massachusetts Institute of Technology (MIT), where he completed his Ph.D. in Economics in 1981 under Stanley Fischer.<ref name="mit_thesis">{{cite thesis |title=Expectations and efficiencies in international markets |url=https://library.mit.edu/item/000117075 |publisher=Massachusetts Institute of Technology |author=David A. Hsieh |year=1981}}</ref>

==Academic career== Hsieh began his academic career in 1981 as an assistant professor at the University of Chicago Graduate School of Business.<ref name="duke_vitae"/> He later joined the Fuqua School of Business at Duke University in Durham, North Carolina, where he is currently a professor of finance.<ref name="fuqua_profile"/>

Hsieh has authored and co-authored more than 50 academic papers and one book. His research initially focused on nonlinear dynamics in asset markets, including the use of high-frequency data to measure realized variance and risk.<ref name="berkeley_repo">{{cite web |title=David Hsieh Research Papers Collection |url=https://digicoll.lib.berkeley.edu/record/72125?v=pdf |website=University of California, Berkeley Digital Collections |access-date=October 13, 2025}}</ref>

He later expanded his research to the study of hedge funds and alternative beta in financial markets. Along with William Fung, he co-developed the "Fung–Hsieh Seven Factor Model," which is widely used to analyze hedge fund returns.<ref name="smu_repo">{{cite web |title=Fung-Hsieh Hedge Fund Research Papers |url=https://ink.library.smu.edu.sg/lkcsb_research/5964/ |website=Singapore Management University Institutional Repository |access-date=October 13, 2025}}</ref>

Hsieh has served as editor or associate editor for several academic journals, including ''Management Science'', ''Economics Letters'', ''Journal of Empirical Finance'', and ''Journal of Business and Economic Statistics''.<ref name="duke_vitae"/>

He has also been an invited speaker at more than 80 academic and professional conferences worldwide.<ref name="fuqua_profile"/>

==Research contributions== * Developed methods to measure realized volatility using intraday stock data. * Contributed to modeling of value at risk through nonlinear statistical approaches. * Co-developed the Fung–Hsieh model for hedge fund risk and return analysis.<ref name="smu_repo"/> * Published foundational work on alternative beta and its implications for financial risk management.

==Awards and recognition== * 1999 – Robert J. Schwartz Memorial Prize for best paper on hedge funds.<ref name="duke_vitae"/> * 2002 – Bank of America Faculty Award, Duke University.<ref name="duke_vitae"/> * 2004 – CFA Institute’s Graham and Dodd Award of Excellence for "Hedge Fund Benchmarks: A Risk-Based Approach," co-authored with William Fung.<ref name="smu_repo"/> * 2015 – Certified Alternative Investment Analyst (CAIA) Award for Excellence in Alternative Investment Research.<ref name="fuqua_profile"/>

==Selected publications== * Hsieh, David A. (1991). "Chaos and Nonlinear Dynamics: Application to Financial Markets." ''The Journal of Finance''. * Fung, William & Hsieh, David A. (2004). "Hedge Fund Benchmarks: A Risk-Based Approach." ''Financial Analysts Journal''. * Hsieh, David A. (1993). "Modeling Risk in Asset Markets: A GARCH Approach." ''Journal of Financial and Quantitative Analysis''.

==References== {{Reflist}}

==External links== * [https://people.duke.edu/~dah7/vitae.htm David Hsieh’s Curriculum Vitae – Duke University] * [https://www.fuqua.duke.edu/faculty/david-hsieh Duke Faculty Profile] * [https://scholar.google.com/citations?user=5XnK14gAAAAJ&hl=en Google Scholar Profile] * [https://orcid.org/0000-0003-1814-2907 ORCID Page] * [https://research.com/u/david-a-hsieh Research.com Profile] * [https://ink.library.smu.edu.sg/lkcsb_research/5964/ Singapore Management University Research Collection] * [https://digicoll.lib.berkeley.edu/record/72125?v=pdf University of California, Berkeley Research Archive]

{{Authority control}} {{DEFAULTSORT:Hsieh, David}} Category:Living people Category:1953 births Category:Hong Kong emigrants to the United States Category:Duke University faculty Category:People from White Plains, New York Category:MIT School of Humanities, Arts, and Social Sciences alumni Category:Yale University alumni Category:University of Chicago faculty Category:21st-century American economists