He received his Ph.D. in finance and M.B.A. with a concentration in finance both from the University of Arkansas at Fayetteville. He taught courses in financial markets, financial institutions and financial modeling at the University of Arkansas. Li’s research interests are in the areas of hedge funds and corporate risk management. His current projects include hedge fund return attribution, hedge fund return replication and corporate derivative hedging. Before joining academia, Li was a hedge fund analyst in Dallas, Texas, and a trading system consultant for financial institutions in Shanghai, China.