After the Great Recession, some quantitative finance watchers stated that the discipline wass dead. Yet, some practitioners, such as Attilio Meucci, are evolving new ways for coping with the real world's complexities.
What is the current state of capital raising? What types of hedge fund strategies are attracting capital? How have hedge funds evolved subsequent to the global financial crisis?
In part two of this video interview, Emanuel Derman reflects on the trajectory of his own career and discusses the books that helped shape his thinking.
The author and quant investor discusses his latest book, Models.Behaving.Badly; the origin and application of "The Financial Modelers' Manifesto," which he cowrote with Paul Wilmott; and the limits of quantitative finance.
In an era of low investment returns, the traditional approach to asset allocation and portfolio management is giving way to a new model that holds the promise of working better during periods of instability and crisis.
General Tenor: Bearish. Almost all of the speakers at the conference expressed concern about the direction of the global economy. Specifically, bearishness was expressed for:
The European sovereign debt crisis
The U.S. Congress’s political gridlock and inability to resolve the U.S…. READ MORE ›