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MFE Graduation Dinner
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13 July 2018 On 13 July 2018, RMI hosted a graduation Dinner for 75 guests at the University Club, including Master of Science in Financial Engineering (MFE) graduates of 2018, their guests, as well as faculty and staff. The guests enjoyed a scrumptious meal along with conversations of their MFE journey, shared memories, and future opportunities. The class of 2018 consisted of 84 graduates, who had their Commencement Ceremony on 12 July in the University Cultural Centre. A mix of local and international, part-time and full-time students, they joined the proud network of over 1000 MFE alumni that currently hold various positions across the financial industry both locally and internationally.
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23 July 2018 On 23 July 2018, Dr. Ruodu Wang, University Chair and Associate Professor of Actuarial Science at the University of Waterloo gave a talk on “Scenario-Based Risk Evaluation.” Dr. Wang discussed the results of some of his ongoing research projects with Damir Filipovic, Jie Shen, Yi Shen, Bin Wang and Johanna Ziegel. With the aim to bridge the gap between a few practical considerations in risk evaluation, he detailed his proposed general unified risk measure framework to take into account three relevant issues: statistical and simulation tractability, model uncertainty and scenario sensitivity, and robustness. He explained that his ongoing research projects establish new mathematical tools for new risk measures, axiomatic characterizations, non-parametric inference, and compatibility of scenarios. Dr. Wang is received his PhD in Mathematics from the Georgia Institute of Technology, after completing his Bachelor and Master's degrees at Peking University. He holds editorial positions of leading academic journals in Actuarial Science.
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3 August 2018 On 3 August 2018, RMI held another research seminar on “The Chinese Warrant Bubble: A Fundamental Analysis” hosted by A/P Yintian Wang, from the School of Economics and Management, Tsinghua University. A/P Wang explained that based on a rational option pricing framework that incorporates short-selling and margin-trading constraints in the stock market, her research presents evidence that Chinese warrant prices, which are regarded as complete bubbles in earlier literature, can now be explained by a new option pricing model. She elaborated that they empirically show that warrant-price deviation is driven mainly by underlying stock valuation and concluded that the Chinese warrant market is better characterized by derivatives rather than a pure bubble detached from underlying assets. A/P Wang obtained her PhD in Finance from McGill University, after completing her Master's Degree in Economics from Queen's University and Bachelor’s Degree in Accounting from Xi’an Jiaotong University.
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