Philippe Jorion | |
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Occupation | Author, professor of finance, university of california at irvine / head of risk management at paamco |
Notable work | Value at Risk, Financial Risk Management Handbook, Big Bets Gone Bad |
Philippe Jorion is an author, professor and risk manager. He is the author of more than 100 publications on the topic of risk management and international finance, [1] and is credited with pioneering the Value at Risk approach to risk management. [2]
Jorion's works include Financial Risk Manager Handbook and Value at Risk: The New Benchmark for Managing Financial Risk. He serves as the Chancellor’s Professor of Finance at the Paul Merage School of Business at the University of California at Irvine [3] and is a managing director at investment firm PAAMCO where he heads the Risk Management group. [4]
Jorion has received several awards honoring excellence in research and financial writing, including two from the CFA Institute. [5] Jorion holds an MBA and a PhD from the University of Chicago and a degree in engineering from ULB Brussels. [6]
Finance is the study and discipline of money, currency and capital assets. It is related with, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services. Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities.
Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes–Merton model. In 1993 Merton co-founded hedge fund Long-Term Capital Management.
Myron Samuel Scholes is a Canadian-American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model. Scholes is currently the chairman of the Board of Economic Advisers of Stamos Capital Partners. Previously he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors and the Cutwater Advisory Board. He was a principal and limited partner at Long-Term Capital Management and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago.
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Aswath Damodaran, is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.
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HEC Lausanne, also called the Faculty of Business and Economics of the University of Lausanne, is the affiliated business school of the University of Lausanne. Since 1911, HEC Lausanne has been developing teaching and research in the field of business and economics. The school is considered one of the best business schools in Switzerland. HEC Lausanne offers Bachelor, Master, and PhD degrees, as well as executive education, including a part-time Executive MBA, short, open courses, and tailor-made programs for organizations.
Andrew Wen-Chuan Lo is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management. Lo is the author of many academic articles in finance and financial economics. He founded AlphaSimplex Group in 1999 and served as chairman and chief investment strategist until 2018 when he transitioned to his current role as chairman emeritus and senior advisor.
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Roger W. Mills is a British economist working in the area of corporate finance. Emeritus professor at Henley Business School University of Reading, the Group chairman at Value Focus Group, a group of consulting firms, Chief Instructor and Chairman of the British Shito Ryu Karate Association (BSKA), 8th Dan (Kyoshi).
Time at Risk (TaR) is a time-based risk measure designed for corporate finance practice.
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Global Association of Risk Professionals (GARP) is a not-for-profit organization and a membership association for risk managers. Its services include setting standards, training, education, industry networking, and promoting risk management practices. Founded in 1996 and headquartered in Jersey City, New Jersey, with additional offices in London, Washington, D.C., Beijing, and Hong Kong. GARP offers several foundational and certificate programs, the best known of which is the Financial Risk Manager (FRM) certification.