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Book Chapters

Sovereign Funds and Domestic Political Risk, THE OXFORD HANDBOOK OF SOVEREIGN WEALTH FUNDS (Oxford University Press (2016)), draft available at

The U.S. Foreign Investment and National Security Act: Assessing the First Five Years of



Sovereign Fund Selling, Market Volatility and Systemic Risk: Connections and Regulatory
Possibilities, Sovereign Investment Lab, Centro Baffi, Università Bocconi, 2016 Annual Report, draft available at

Where Have All the IPOs Gone? The Hard Life of the Small IPO (with Steven Davidoff Solomon) (forthcoming, Harv. Bus. L. Rev.  (2015)), posted on the Harvard Law School Forum on Corporate Governance and Financial Regulation at

U.S. Regulation of Investment by State-Controlled Entities, ICSID REV. Volume 31, Issue 1, pp. 77-87 (2016), available at

Alternative Investments? State & Local Pension Portfolio Use and Performance (with Jason Seligman) (forthcoming, J. of Alternative Investments) (selected for presentation at the Federal Reserve Bank of Cleveland 2013 Conference on Public Pensions and the National Tax Association’s 107th Annual Conference)

A Disclosure Framework for Public Fund Investment Polices, Proceedings of the Fifth Joint BIS/World Bank Public Investors Conference (2015), available at

Shareholder Activism as a Corrective Mechanism in Corporate Governance (with Bernard Sharfman) (forthcoming, BYU L. Rev. (2015)) (selected for John L. Weinberg Center for Corporate Governance Symposium, 2014), available at

Shareholder Proposals in the Market for Corporate Influence (forthcoming, Fl. L. Rev (2014)), available at

North American Dream: The Rise of U.S. and Canadian Sovereign Wealth (forthcoming, ESADEgeo 2014 Sovereign Wealth Fund Report), available at

Sovereign Shareholder Activism: How SWFs Can Engage in Corporate Governance, Sovereign Investment Lab, Centro Baffi, Università  Bocconi, 2013 Annual Report, posted on the Harvard Law School Forum on Corporate Governance and Financial Regulation at

The Management of Public Natural Resource Wealth, Revista Brasiliera de Politicas Publicas (2013) (solicited; peer-reviewed), available at

Sovereign Investing and Corporate Governance: Evidence and Policy, 18 Ford. J. Corp. & Fin L. 931 (2013), available at

Dodd-Frank Regulators, Cost-Benefit Analysis, and Agency Capture, 66 Stan. L. Rev. Online 9 (2013) (with Christopher Walker), available at

State Capitalism and the Foreign Corrupt Practices Act, 73 Ohio St. L. J. 1069 (2013) (Symposium), available at

Regulating Risk by “Strengthening Corporate Governance”, 17 Conn. Ins. L. J. (2011) (Symposium), available at

On the Role and Regulation of Proxy Advisors, 109 Mich L. Rev. First Impressions (2010), available at

Common Agency and the Public Corporation, 63 Vand. L. Rev. 1355 (2010), available at

Sovereign Wealth Fund Investment in the Shadow of Regulation and Politics, 40 Georgetown J. of Int’l L. 1247 (2009) (Symposium), available at

Sovereign Wealth Funds: Active or Passive Investors?, 118 Yale L.J. Online 104 (2008), available at

Sovereigns as Shareholders, 87 N.C. L. Rev. 83 (2008), available at

The Corporate Governance Industry, 32 J. Corp. L. 101 (Summer 2007), abstracted in Bowne Dig. For Compl. Prof. (Jan 2008), available at

Capital Markets Competitiveness: A Survey of Recent Reports, 2 Entrepren. Bus. L.J. 439 (2007) (with Cyrus Afshar), available at

Balancing Public Market Benefits and Burdens for Smaller Companies Post-Sarbanes-Oxley, 41 Willamette L. Rev. 707 (2005), reprinted in Sec. L. Rev. (2007), abstracted in Bowne Dig. For Compl. Prof. (Nov. 2006), available at

EU Company Law Convergence Possibilities After Centros, 11 Transnat’l L. & Contemp. Probs. 121 (2001), available at


Selected Other Works

Public Fund Governance and Private Fund Fees, Lowell Milken Institute for Business Law and Policy &  UCLA School of Law 2016 Private Fund Report, draft available at

Sovereign Funds and External Asset Manager Fees: The Governance Connection (2016), available at

The new new era of shareholder activism , Ethical Boardroom (April 2016), available at

Public Fund Investment Policies: 2015 Annual Review, available at

Sovereign Investors and the Problem of Deadweight Shareholders, Ethical Boardroom (December 2014), available at

SWFs catch the fever: Their coffers bulging with trillions of dollars, sovereign wealth funds are boosting their real estate commitments across the Western Hemisphere, The Institutional Real Estate Letter – Americas,  Vol. 26, Number 8 (September 2014) (reprinted in the November 2014 issue of The Institutional Real Estate Letter – Europe)

Cost-Benefit Analysis: A Tool for Good Governance in Financial Regulation, REGBLOG, University of Pennsylvania School of Law (2013) (with Christopher Walker), available at

The Importance of Cost-Benefit Analysis in Financial Regulation, prepared for the Center on Capital Markets Competitiveness, March 2013 (with Christopher J. Walker), available at

The New NYSE and Nasdaq Corporate Governance Listing Standards, The M&A Lawyer, Nov./Dec. 2003 (co-author)

Developing a Market for Employment Discrimination Claims in the Securities Industry (Note), 48 UCLA L. Rev. 399 (2000-2001) (2001 Benjamin Aaron Award)

A Market Response to the European Union Directive on Privacy (Note), 4 UCLA J. of Int’l L. & For. Aff. 445 (1999-2000) (2001 Morris Greenspan Award)

Constitutional Law, (High Court Publishing—West, 2000) (co-author)

Criminal Law, (High Court Publishing—West, 2000) (co-author)


Works in Progress

State Venture Capital

What Happened in 1998? The Demise of the Small IPO and the Investing Preferences of Mutual Funds (with Robert Bartlett and Steven Davidoff Solomon), draft available at

Reframing Fiduciary Duties for Public Funds, draft available at