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Ray Ball

Ray Ball

Ray Ball studies corporate disclosure, earnings and stock prices, international accounting and finance, market efficiency and investment strategies. He is coauthor of "An Empirical Evaluation of Accounting Income Numbers," an article published in the Journal of Accounting Research in 1968 that won the American Accounting Association's inaugural award for seminal contributions in account literature. This article revolutionized the understanding of the impact of corporate disclosure on share prices, and of earnings releases in particular. It laid the foundation for much of the modern accounting literature. Ball also is the author of "Anomalies in Relationships between Securities' Yields and Yield surrogates," published in the Journal of Financial Economics in 1978, the first academic reference to systematic anomalies in the theory of efficient markets.

Ball is a member of the Board of Trustees of Harbor Funds and Chair of its Audit Committee. He also serves on the Advisory Group for the Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW). He has served on the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB), and on the Shadow Financial Regulation Committee.

Ball served as the Wesray Professor in Business Administration at the William E. Simon Graduate School of Business Administration at the University of Rochester prior to rejoining Chicago Booth in 2000. He has served as a professor at the European Institute for Advanced Studies in Management, and has taught at the London Business School, the Australian Graduate School of Management, and the University of Queensland.

He received a bachelor's degree in accounting from the University of New South Wales in Australia, and an MBA in 1968 and a PhD in economics in 1972 from Chicago Booth. Ball was awarded honorary degrees by the Helsinki School of Economics, the Katholieke Universiteit Leuven, the University of Queensland, the University of London, and the University of New South Wales. He was elected to the Accounting Hall of Fame in 2009. The American Accounting Association honored him as its 2012 Presidential Scholar (together with Philip Brown) and in 2014 with its FARS Lifetime Achievement Award. In 2015, the Institute of Chartered Accountants in England and Wales made him its eighth Honorary Member.

His interests include reading, cooking, wine, and clocks. Ball has been a Chicago Bulls fan for over 40 years.


Mark DeFond

Mark DeFond

Professor Mark DeFond is the A. N. Mosich Chair of Accounting, Leventhal School of Accounting, University of Southern California. His research investigates issues in auditing, international accounting, and financial accounting. He has served on the editorial boards of several academic journals and is past Senior Editor of The Accounting Review.

He is a recipient of the JAE Best Paper Prize, the Notable Contribution to the Auditing Literature Award, and is a four-time winner of the MBA Golden Apple teaching award. Professor DeFond has held visiting professorships in Hong Kong and Singapore, and is currently the Associate Dean of Faculty at the Leventhal School of Accounting. He received his PhD at the University of Washington and prior to that worked for several years as an auditor with Deloitte (formerly Touche Ross) and is a California CPA (inactive).


Zhizhou Zhang

Zhizhou Zhang

Mr. Zhizhou Zhang is CEO and Director of DH Fund Management Company. Mr. Zhang is responsible for the company’s daily management and operations. Before joining the company, he worked at CEBM Group as its Executive Deputy General Manager and Head of Research. Mr. Zhizhou Zhang is also the Chairman of the Hedge Fund Committee and Director of the Asset Management Association of China, Director of the China Development Research Foundation, Director of Dunhe Foundation and Director of the Financial Investment Branch of Shanghai Jiao Tong University Alumni Association. With over 15 years’ experience in investment management and research, Mr. Zhang has Master’s degree from Yale University and is a CFA charter holder.

张志洲先生:敦和资产管理董事兼总经理。张先生负责公司的日常管理及经营,他曾任莫尼塔投资发展公司(CEBM Group)常务副总经理兼研究总监,拥有超过15 年的投资管理和研究经验。目前,张志洲还担任中国证券投资基金业协会理事及私募证券投资基金专业委员会主席,中国发展研究基金会理事,浙江敦和慈善基金会理事以及上海交通大学校友会金融投资分会理事。张先生耶鲁大学硕士毕业,并为CFA资质持有者。


Paul Ma

Paul Ma

Mr. Paul Ma is managing director, CFO of HillHouse Capital, a leading investment management firm based in Asia. Paul is deeply involved in all phases of fund operation from fund raising to deal structuring and execution to portfolio management. Prior to joining HillHouse, Paul was a partner at a Big 4 accounting firm. He also worked in an investment bank for a few years. Paul spent his career in New York, Hong Kong and Beijing. Paul received a Master’s Degree in Accounting from the University of North Carolina at Chapel Hill, a Master of Economics Degree from Kent State University and a Bechelor’s Degree in Economics from Nankai University. He is a CPA in the US.


Qing Ni

Qing Ni

Mr. Qing Ni is a partner of PwC’s Private Equity Group in China, with close to 20 years of experiences in auditing & consulting services relating to financial reporting and internal control for financial institutions in the asset and wealth management sector, including SWFs, Government guidance funds, Pension funds, PE/VC funds, hedge funds, fund of funds and various other institutional investors, both onshore and offshore. Qing is a CICPA, Australia & Singapore CA, a Hong Kong CPA and a Charter Financial Analyst (CFA) charter holder. He graduated from Nanyang Technological University of Singapore as Bachelor of Accountancy with Honors, and received a master degree on Applied Finance from Macquarie University, Sydney.