fbpx
Wikipedia

Andrew Lo

November 26, 2023

For the Hong Kong businessman, see Andrew Lo (businessman).

Andrew Wen-Chuan Lo (Chinese: 羅聞全) (born 1960) 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.[3] 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.[4]

Andrew Lo
Andrew Lo 2018
Born1960 (age 62–63)[1]
Hong Kong[2]
Alma materYale University (B.A, 1980)
Harvard University (Ph.D., 1984)
Known forFounder of AlphaSimplex Group
AwardsAmerican Association for Individual Investors Award
Graham and Dodd Award
Scientific career
ThesisEssays in Financial and Quantitative Economics (1984)
Doctoral advisorAndrew Abel
Jerry A. Hausman
Websitealo.mit.edu

Career edit

Lo is a professor of finance at the MIT Sloan School of Management, the director of MIT's Laboratory for Financial Engineering, a principal investigator at MIT's Computer Science and Artificial Intelligence Laboratory, an affiliated faculty of the MIT Department of Electrical Engineering and Computer Science, an external faculty member of the Santa Fe Institute, and a research associate of the National Bureau of Economic Research.[5] He previously taught at the University of Pennsylvania's Wharton School from 1984 to 1988.

He is the founder of AlphaSimplex Group,[6] a quantitative investment management company based in Cambridge, Massachusetts, and served as its chairman and chief investment strategist until 2018 when he transitioned to his current role as chairman emeritus and senior advisor. AlphaSimplex specializes in quantitative global macro and global tactical asset allocation strategies, beta-replication products, and absolute-return risk analytics.

Lo presented a paper in 2004 at a National Bureau of Economic Research conference, warning of "the rising systematic risk to financial markets and particularly focused on the potential liquidity, leverage and counterparty risk from hedge funds."[7] He testified in 2008 before the Committee on Oversight and Government Reform and the Committee on Financial Services of the U.S. House of Representatives on Hedge Funds, Systemic Risk, and the Financial Crisis of 2007–2008.[8][9] With Lars Peter Hansen, Lo co-directed the Macro Financial Modeling project at the Becker Friedman Institute, a network of macroeconomists working to develop improved models of the linkages between the financial and real sectors of the economy in the wake of the 2008 financial crisis.

Lo was a founding co-editor of the Annual Review of Financial Economics, serving from 2009 to 2021.[10][11] and advisor to the Journal of Investment Management and The Journal of Portfolio Management. He is also a director of Roivant Sciences.

Awards edit

His awards include Batterymarch, Guggenheim, and Sloan fellowships; the Paul A. Samuelson Award; the Eugene Fama Prize;[12] the IAFE-SunGard Financial Engineer of the Year award; the Global Association of Risk Professionals' Risk Manager of the Year award;[13] the Harry M. Markowitz Award; the Managed Futures Pinnacle Achievement Award;[14] one of Time magazine's "100 most influential people in the world";[15] and awards for teaching excellence from both Wharton and MIT. His most recent book, Adaptive Markets: Financial Evolution at the Speed of Thought, has also received a number of awards.[16] Lo is a fellow of Academia Sinica, the American Academy of Arts and Sciences, the Econometric Society, and the Society of Financial Econometrics.

Personal life edit

Lo received a Bachelor of Arts in economics from Yale University where he graduated in 1980 and a Ph.D. in economics from Harvard University graduating in 1984.[6] He was raised by his mother in a single parent household.[17] He speaks fluent Cantonese.[18] Lo graduated from the prestigious Bronx High School of Science in 1977 and was recently inducted into its alumni Hall of Fame.

Publications edit

  • Adaptive Markets: Financial Evolution at the Speed of Thought. Princeton University Press. 2017. ISBN 978-0691135144.
  • Lo, Andrew Wen-Chuan (2005). Dynamics of the Hedge Fund Industry. ISBN 0-943205-72-7.
  • Hedge Funds: An Analytic Perspective. Princeton, NJ: Princeton University Press. 2008. ISBN 978-0-691-13294-5.
  • International Library of Financial Econometrics. Vol. I–V. Cheltenham, UK: Edward Elgar Publishing Ltd. 2007.
  • with MacKinlay, A. Craig (1999). A Non-Random Walk Down Wall Street. Princeton, NJ: Princeton University Press. ISBN 0-691-09256-7.
  • Lo, Andrew Wen-Chuan (1997). Market Efficiency: Stock Market Behaviour in Theory and Practice. ISBN 1-85898-161-1.
  • with Campbell, John Y.; MacKinlay, A. Craig (1997). The Econometrics of Financial Markets. Princeton, NJ: Princeton University Press. ISBN 0-691-04301-9.
  • Market Efficiency: Stock Market Behaviour In Theory and Practice. Vol. I and II. Cheltenham, UK: Edward Elgar Publishing Ltd. 1997.
  • The Industrial Organization and Regulation of the Securities Industry. Chicago: University of Chicago Press. 1995. ISBN 0-226-48847-0.
  • with Hasanhodzic, Jasmina (2009-01-07). The Heretics of Finance: Conversations with Leading Practitioners of Technical Analysis. Bloomberg Press. ISBN 978-1-57660-316-1.

References edit

  1. ^ "Lo, Andrew W." Deutsche Nationalbibliothek. Retrieved 2013-05-14.
  2. ^ Healy, Beth (1 October 2012). "MIT economist pitches cancer megafund". The Boston Globe. Retrieved 14 May 2013.
  3. ^ "Google Scholar search on A.W. Lo". Archived from the original on 2012-07-15. Retrieved 2020-07-16.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  4. ^ Founder Biography, AlphaSimplex Group, retrieved 2020-01-07
  5. ^ NBER Publications by Andrew W. Lo – NBER
  6. ^ a b Profile: Andrew W. Lo 2012-03-06 at the Wayback Machine – AlphaSimplex Group
  7. ^ . www.eatonak.org. Archived from the original on 2023-03-02. Retrieved 2023-03-02.
  8. ^ Lo, Andrew W., "Hedge Funds, Systemic Risk, and the Financial Crisis of 2007–2008: Written Testimony for the House Oversight Committee Hearing on Hedge Funds" 2017-12-09 at the Wayback Machine, November 13, 2008
  9. ^ "Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment | Financial Services Committee". financialservices.house.gov. Retrieved 2020-01-07.
  10. ^ Lo, Andrew W.; Merton, Robert C. (5 December 2009). "Preface to the Annual Review of Financial Economics". Annual Review of Financial Economics. 1 (1): 01–17. doi:10.1146/annurev-financial-071808-145225. hdl:1721.1/66557. S2CID 154747017. Retrieved 16 September 2021.
  11. ^ Lo, Andrew W.; Merton, Robert C. (1 November 2021). "A Look Back and a Way Forward". Annual Review of Financial Economics. 13 (1): v–viii. doi:10.1146/annurev-fe-13-090321-100001. ISSN 1941-1367. S2CID 240443908. Retrieved 27 January 2022.
  12. ^ "The Econometrics of Financial Markets awarded first Eugene Fama Prize". news.chicagobooth.edu. Retrieved 2020-01-07.
  13. ^ Professionals (GARP), Global Association of Risk. "GARP Names Andrew Lo Risk Manager of the Year". www.prnewswire.com (Press release). Retrieved 2020-01-07.
  14. ^ CME Group. "CME Group and BarclayHedge Honor Managed Futures Leaders at Seventh Annual Managed Futures Pinnacle Awards". www.prnewswire.com (Press release). Retrieved 2020-01-07.
  15. ^ Foroohar, Rana (2012-04-18). "Andrew Lo - The World's 100 Most Influential People: 2012". Time. ISSN 0040-781X. Retrieved 2020-01-07.
  16. ^ Lo, Andrew W. (2017-05-02). Adaptive Markets. ISBN 978-0-691-13514-4.
  17. ^ Speech to CFA Institute Global Conference, Alpha and Beta in the New Financial Order (38:02), , Orlando, Florida, 2009
  18. ^ Andrew Lo at the Mathematics Genealogy Project

External links edit

  • Official website
  • Becker Friedman Institute - Macro Financial Modeling
  • on MIT Sloan
    • on Expertise Guide
  • Papers on Social Science Research Network (SSRN)
  • Profile on Alpha Simplex
  • Appell, Douglas (July 13, 2009). "Ready for anything: Face to Face with Andrew Lo". Pensions & Investments.
  • (PDF). Draft. Jan 9, 2012. Archived from the original (PDF) on March 5, 2016. Alt URL 2013-01-13 at the Wayback Machine
    • "An über-review of the crisis: The Lo down: A finance professor turns to literary analysis". The Economist. Jan 14, 2012.
    • Goldstein, Jacob (Jan 23, 2012). "What An Economist Learned From Reading 21 Books About The Crisis". NPR. If you're drunk and you're playing around with a [hand] saw, there's not a whole lot of damage you can do. But if you're drunk and you're playing around with a chainsaw, that's another matter

November 26, 2023
andrew, hong, kong, businessman, businessman, andrew, chuan, chinese, 羅聞全, born, 1960, charles, susan, harris, professor, finance, sloan, school, management, author, many, academic, articles, finance, financial, economics, founded, alphasimplex, group, 1999, s. For the Hong Kong businessman see Andrew Lo businessman Andrew Wen Chuan Lo Chinese 羅聞全 born 1960 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 3 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 4 Andrew LoAndrew Lo 2018Born1960 age 62 63 1 Hong Kong 2 Alma materYale University B A 1980 Harvard University Ph D 1984 Known forFounder of AlphaSimplex GroupAwardsAmerican Association for Individual Investors AwardGraham and Dodd AwardScientific careerThesisEssays in Financial and Quantitative Economics 1984 Doctoral advisorAndrew AbelJerry A HausmanWebsitealo wbr mit wbr edu Contents 1 Career 2 Awards 3 Personal life 4 Publications 5 References 6 External linksCareer editLo is a professor of finance at the MIT Sloan School of Management the director of MIT s Laboratory for Financial Engineering a principal investigator at MIT s Computer Science and Artificial Intelligence Laboratory an affiliated faculty of the MIT Department of Electrical Engineering and Computer Science an external faculty member of the Santa Fe Institute and a research associate of the National Bureau of Economic Research 5 He previously taught at the University of Pennsylvania s Wharton School from 1984 to 1988 He is the founder of AlphaSimplex Group 6 a quantitative investment management company based in Cambridge Massachusetts and served as its chairman and chief investment strategist until 2018 when he transitioned to his current role as chairman emeritus and senior advisor AlphaSimplex specializes in quantitative global macro and global tactical asset allocation strategies beta replication products and absolute return risk analytics Lo presented a paper in 2004 at a National Bureau of Economic Research conference warning of the rising systematic risk to financial markets and particularly focused on the potential liquidity leverage and counterparty risk from hedge funds 7 He testified in 2008 before the Committee on Oversight and Government Reform and the Committee on Financial Services of the U S House of Representatives on Hedge Funds Systemic Risk and the Financial Crisis of 2007 2008 8 9 With Lars Peter Hansen Lo co directed the Macro Financial Modeling project at the Becker Friedman Institute a network of macroeconomists working to develop improved models of the linkages between the financial and real sectors of the economy in the wake of the 2008 financial crisis Lo was a founding co editor of the Annual Review of Financial Economics serving from 2009 to 2021 10 11 and advisor to the Journal of Investment Management and The Journal of Portfolio Management He is also a director of Roivant Sciences Awards editHis awards include Batterymarch Guggenheim and Sloan fellowships the Paul A Samuelson Award the Eugene Fama Prize 12 the IAFE SunGard Financial Engineer of the Year award the Global Association of Risk Professionals Risk Manager of the Year award 13 the Harry M Markowitz Award the Managed Futures Pinnacle Achievement Award 14 one of Time magazine s 100 most influential people in the world 15 and awards for teaching excellence from both Wharton and MIT His most recent book Adaptive Markets Financial Evolution at the Speed of Thought has also received a number of awards 16 Lo is a fellow of Academia Sinica the American Academy of Arts and Sciences the Econometric Society and the Society of Financial Econometrics Personal life editLo received a Bachelor of Arts in economics from Yale University where he graduated in 1980 and a Ph D in economics from Harvard University graduating in 1984 6 He was raised by his mother in a single parent household 17 He speaks fluent Cantonese 18 Lo graduated from the prestigious Bronx High School of Science in 1977 and was recently inducted into its alumni Hall of Fame Publications editAdaptive Markets Financial Evolution at the Speed of Thought Princeton University Press 2017 ISBN 978 0691135144 Lo Andrew Wen Chuan 2005 Dynamics of the Hedge Fund Industry ISBN 0 943205 72 7 Hedge Funds An Analytic Perspective Princeton NJ Princeton University Press 2008 ISBN 978 0 691 13294 5 International Library of Financial Econometrics Vol I V Cheltenham UK Edward Elgar Publishing Ltd 2007 with MacKinlay A Craig 1999 A Non Random Walk Down Wall Street Princeton NJ Princeton University Press ISBN 0 691 09256 7 Lo Andrew Wen Chuan 1997 Market Efficiency Stock Market Behaviour in Theory and Practice ISBN 1 85898 161 1 with Campbell John Y MacKinlay A Craig 1997 The Econometrics of Financial Markets Princeton NJ Princeton University Press ISBN 0 691 04301 9 Market Efficiency Stock Market Behaviour In Theory and Practice Vol I and II Cheltenham UK Edward Elgar Publishing Ltd 1997 The Industrial Organization and Regulation of the Securities Industry Chicago University of Chicago Press 1995 ISBN 0 226 48847 0 with Hasanhodzic Jasmina 2009 01 07 The Heretics of Finance Conversations with Leading Practitioners of Technical Analysis Bloomberg Press ISBN 978 1 57660 316 1 References edit Lo Andrew W Deutsche Nationalbibliothek Retrieved 2013 05 14 Healy Beth 1 October 2012 MIT economist pitches cancer megafund The Boston Globe Retrieved 14 May 2013 Google Scholar search on A W Lo Archived from the original on 2012 07 15 Retrieved 2020 07 16 a href Template Cite web html title Template Cite web cite web a CS1 maint bot original URL status unknown link Founder Biography AlphaSimplex Group retrieved 2020 01 07 NBER Publications by Andrew W Lo NBER a b Profile Andrew W Lo Archived 2012 03 06 at the Wayback Machine AlphaSimplex Group The Economic Crisis and the Crisis in Economics www eatonak org Archived from the original on 2023 03 02 Retrieved 2023 03 02 Lo Andrew W Hedge Funds Systemic Risk and the Financial Crisis of 2007 2008 Written Testimony for the House Oversight Committee Hearing on Hedge Funds Archived 2017 12 09 at the Wayback Machine November 13 2008 Examining Private Market Exemptions as a Barrier to IPOs and Retail Investment Financial Services Committee financialservices house gov Retrieved 2020 01 07 Lo Andrew W Merton Robert C 5 December 2009 Preface to the Annual Review of Financial Economics Annual Review of Financial Economics 1 1 01 17 doi 10 1146 annurev financial 071808 145225 hdl 1721 1 66557 S2CID 154747017 Retrieved 16 September 2021 Lo Andrew W Merton Robert C 1 November 2021 A Look Back and a Way Forward Annual Review of Financial Economics 13 1 v viii doi 10 1146 annurev fe 13 090321 100001 ISSN 1941 1367 S2CID 240443908 Retrieved 27 January 2022 The Econometrics of Financial Markets awarded first Eugene Fama Prize news chicagobooth edu Retrieved 2020 01 07 Professionals GARP Global Association of Risk GARP Names Andrew Lo Risk Manager of the Year www prnewswire com Press release Retrieved 2020 01 07 CME Group CME Group and BarclayHedge Honor Managed Futures Leaders at Seventh Annual Managed Futures Pinnacle Awards www prnewswire com Press release Retrieved 2020 01 07 Foroohar Rana 2012 04 18 Andrew Lo The World s 100 Most Influential People 2012 Time ISSN 0040 781X Retrieved 2020 01 07 Lo Andrew W 2017 05 02 Adaptive Markets ISBN 978 0 691 13514 4 Speech to CFA Institute Global Conference Alpha and Beta in the New Financial Order 38 02 Orlando Florida 2009 Andrew Lo at the Mathematics Genealogy ProjectExternal links editOfficial website Becker Friedman Institute Macro Financial Modeling Profile on BFI Profile on MIT Sloan Profile on Expertise Guide Selected publications Papers on Social Science Research Network SSRN Profile on Alpha Simplex Appell Douglas July 13 2009 Ready for anything Face to Face with Andrew Lo Pensions amp Investments Reading About the Financial Crisis A 21 Book Review PDF Draft Jan 9 2012 Archived from the original PDF on March 5 2016 Alt URL Archived 2013 01 13 at the Wayback Machine An uber review of the crisis The Lo down A finance professor turns to literary analysis The Economist Jan 14 2012 Goldstein Jacob Jan 23 2012 What An Economist Learned From Reading 21 Books About The Crisis NPR If you re drunk and you re playing around with a hand saw there s not a whole lot of damage you can do But if you re drunk and you re playing around with a chainsaw that s another matter Retrieved from https en wikipedia org w index php title Andrew Lo amp oldid 1175612075, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.