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SUMMARY:Credit Cycle and Efficient Market Hypothesis - a practical point o
 f view - Eric Lu 
DTSTART:20151119T160000Z
DTEND:20151119T170000Z
UID:TALK61342@talks.cam.ac.uk
CONTACT:Eiko Yoneki
DESCRIPTION:Modern finance is an amazing construct\, trillions of assets c
 hange hands everyday as the markets try to discover the "right" price for 
 assets\, typically in equity\, interest rates\, currencies\, credit spread
 s\, and commodity. In this talk\, we go through a practical depiction of h
 ow current financial system implements the invisible hand hypothesis and d
 iscuss a few theoretical applications in credit risk management.\n\nBio: D
 r Eric Yu-En Lu works on credit for a leading hedge fund. He started in fi
 nance in the chief investment office\, JPMorgan Chase Bank where he was a 
 portfolio manager focusing on emerging markets. He holds a PhD degree from
  University of Cambridge and\, during his postdoc funded by US-UK internat
 ional technology alliance\, worked on statistical analyses on large datase
 ts across biology\, social networks\, and wireless networks. Still an acad
 emic at heart\, he likes higher dimensional statistical models with applic
 ations in econometrics\, portfolio theory\, and complex biological pathway
 s. Perhaps more interestingly\, he has a few ideas on why models work unti
 l they do not\, typically when it absolutely matters.
LOCATION:SS03\, Computer Laboratory\, William Gates Building
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