Andrei Simonov, associate professor of finance, has had his research study “Loss Averse Preferences, Performance, and Career Success of Institutional Investors” accepted for publication in the Review of Financial Studies.  Among many findings of importance to the investment community, this paper shows that mutual fund managers who go out of their way to reverse short-term losses tend to experience lower long-term performance.  A must read for mutual fund analysts at investment firms, and also recommended reading for Finance students considering a career in investment management or research.