 Prior to joining the Hoover Institution, he was the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.Cochrane has served as head of the National Bureau of Economic Research asset pricing group, and was the editor of the "Journal of Political Economy" from 1998 to 2003.He was elected Fellow of the Econometric Society in 2001, served as vice-president of the American Finance Association in 2008, and was elected president of this learned society for the 2010 term.