Fahiz Baba-Yara

Fahiz Baba-Yara

Assistant Professor of Finance

Kelley School of Business at Indiana University

About Me

I am an acting Assistant Professor of Finance at the Kelley School of Business at Indiana University. My research interest lies at the intersection of Return Predictability, Machine Learning, Factor Portfolios, and Financial Econometrics. I am particularly interested in leveraging machine learning tools to improve our understanding of why securities with certain characteristics earn the return they earn.

I was born and raised in Kumasi, Ghana. I received my Bachelor in Business Administration from the University of Ghana Business School, Accra, Ghana, and a Masters in Business Administration and Economics from the Norwegian School of Economics, Bergen, Norway.


  • Empirical Asset Pricing
  • Applied Machine Learning
  • Financial Econometrics


  • PhD in Finance, 2021

    NOVA School of Business and Economics

  • MSc in Economics and Business Administration, 2015

    Norwegian School of Economics

  • BSc in Accounting, 2010

    University of Ghana Business School

Working Papers




New and Old Sorts: Implications for Optimal Portfolios
Unifying Risk and Return: A Bayesian approach



Teaching Assistant

NOVA School of Business and Economics

Sep 2016 – Present Carcavelos, Portugal
  • Courses
  • Corporate Finance
  • Investments
  • Asset Management


University of Ghana

Oct 2010 – Jul 2013 Accra, Ghana