Lo wins Iafe financial engineer of the year award

The International Association of Financial Engineers (Iafe) has named Andrew Lo, Harris & Harris group professor at the MIT Sloan School of Management and the director of MIT's Laboratory for Financial Engineering, as financial engineer of the year.

Lo was given the award, sponsored by SunGard Risk and Trading, for his advancement of investment management theory and financial econometrics, particularly for his work on the non-random nature of financial markets. He is the ninth recipient of the award since its inception in 1993, and praised earlier winners for inspiring some of his work.

"Dr Lo's work in the foundations of technical analysis and his empirical studies of the stock market are tremendously valuable to investors and investment managers," said Tanya Styblo Beder, chairman of the Iafe.

Lo’s research interests include the empirical validation and implementation of financial asset pricing models; the pricing of options and other derivative securities, as well as financial engineering and risk management. He has published numerous articles in finance and economics journals, and is an associate editor of the Journal of Computational Finance, published by Risk Waters Group.

He is also a governor of the Boston Stock Exchange, a research associate of the National Bureau of Economic Research, and founder and chief scientific officer of AlphaSimplex Group, a quantitative investment management company based in Cambridge, Massachusetts.

Last year’s winner was Emanuel Derman, managing director at Goldman Sachs and head of the firm’s derivatives analysis group in firm-wide risk. Derman is a frequent contributor to Risk magazine, a sister publication to RiskNews.

The award will be presented to Lo during the Iafe’s 2001 annual conference on February 7 at the United Nations in New York City.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here