Core programme faculty

The majority of courses are taught by EDHEC-Risk Institute professors and senior researchers chosen for their academic and professional expertise in the subjects taught and their experience of graduate and executive education.

Noël Amenc, MSc in Economics, MPhil and PhD in Management - Finance (Nice)

EDHEC-Risk Institute
Director

EDHEC Business School
Professor of Finance and Director of Development

Specialist in performance analysis, investment management, and alternative investments.

Noël Amenc is Professor of Finance and Director of Development at EDHEC Business School and the Director of EDHEC-Risk Institute. Before joining the School and establishing EDHEC-Risk, he was Head of Research with Misys Asset Management Systems. Prior to this, he was the president of SIP, a portfolio management software company he founded, developed, and sold. He has advised numerous investment and wealth management organisations. Professor Amenc’s research on hedge funds, indices, performance analysis, and asset allocation has appeared in leading academic and practitioner journals. He sits on the editorial board of the Journal of Portfolio Management and is the Associate Editor of the Journal of Alternative Investments. He is also a member of the Scientific Committee of France’s financial market authority (AMF). He has co-authored books on quantitative equity management, portfolio management, performance analysis, and hedge funds. He frequently delivers research presentations and keynote addresses at industry conferences.

Federico M. Bandi, Laurea and MA in Economics (Bocconi), MA, MPhil and PhD in Economics (Yale)

Johns Hopkins University
Professor of Economics and Finance, The Johns Hopkins Carey Business School

EDHEC-Risk Institute
Affiliate Faculty Member

Specialist in financial econometrics, continuous-time asset pricing, and market microstructure.

Federico M. Bandi is Professor of Economics and Finance at The Johns Hopkins Carey Business School and an Affiliate Faculty Member of EDHEC-Risk Institute. He was previously Associate Professor of Econometrics and Statistics and the David W. Johnson Professor at the Booth School of Business, having joined the University of Chicago upon completion of his PhD. His research on market microstructure, financial econometrics, and continuous-time asset pricing has been published in leading economics and finance journals and he currently serves as associate editor of Econometric Theory, the Econometrics Journal, the Journal of Business and Economic Statistics, and the Journal of Financial Econometrics. He has contributed to books on financial engineering and econometrics and has been distinguished for his excellence in executive education.

Ekkehart Boehmer, MA in Economics and PhD in Finance (Georgia)

EDHEC-Risk Institute
Member

EDHEC Business School
Professor of Finance

Specialist in equity market micro-structure and the economics of trading.

Ekkehart Boehmer joined EDHEC Business School as Professor of Finance in January 2011. He was previously the John B. Rogers Professor of Banking and Finance at the University of Oregon Lundquist College of Business and prior to that, the holder of the Nichols Professorship of Finance at Texas A&M University Mays Business School. He has also held positions in the financial industry, as Director of Research at the New York Stock Exchange and Senior Economist at the U.S. Securities and Exchange Commission. His research focuses on equity markets with emphasis on micro-structure, short-selling, market efficiency, and initial public offerings. He has also researched corporate governance and mergers and acquisitions. He has published in leading journals, including Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, Journal of Financial Intermediation, and Review of Financial Studies.

Eric Bouyé, MSc in Banking and Finance (Birmingham) and PhD in Finance (CASS)

Fonds de Réserve pour les Retraites (FRR)
Officer, Strategic Allocation Department, Finance Division

EDHEC-Risk Institute
Member

EDHEC Business School
Adjunct Professor of Finance

Specialist in extreme risk measurement and dynamic asset allocation.

Eric Bouyé works in the Strategic Allocation Department of FRR, the French pension reserve fund. He previously served as Director, Investment Products and Strategies in the structured asset management division of SGAM Alternative Investments, and Director, Structuring for Asia at SGAM Japan Securities. Prior to joining SGAM, he worked as a Financial Engineer specialising in risk management at HSBC Asset Management Europe.

His research interests encompass financial economics and econometrics, asset allocation and asset pricing, and pension finance. He has published articles on extreme risk measurement and dynamic asset allocation and refereed for various finance journals. He is a Research Fellow of the Financial Econometrics Research Centre at the Warwick Business School. He has taught graduate courses on actuarial techniques and pension finance, derivatives, financial econometrics, and portfolio and risk management.

Sergio Focardi, MSc in Electronic Engineering (Swiss Federal Institute of Technology), PhD in Mathematical Finance (Karlsruhe)

EDHEC-Risk Institute
Member

EDHEC Business School
Professor of Finance

Specialist in quantitative equity management, portfolio optimisation, financial modelling and econometrics, and risk management.

Sergio Focardi is Professor of Finance at EDHEC Business School. He was previously a partner at the Intertek Group, a firm specialised in research, training and consulting in quantitative portfolio management and mathematical finance. Prior to founding the Intertek Group in 1993, he was the Managing Director of the Italian subsidiary of Control Data Corporation. His research interests include the econometrics of large equity portfolios and the modelling of interactions between multiple heterogeneous agents. He has developed proprietary models for equity management. His work on quantitative equity management, trading, investment management, portfolio optimisation, credit risk contagion, and financial econometrics has appeared in leading academic and practitioner journals. He sits on the editorial board of the Journal of Portfolio Management. Professor Focardi has authored and co-authored award-winning books on financial modelling and investment management and CFA Institute monographs on equity management and quantitative finance. He is a seasoned executive education instructor.

René Garcia, MiM (ESSEC), MA in Economics (Montréal), PhD in Economics (Princeton)

EDHEC-Risk Institute
Academic Director, PhD in Finance

EDHEC Business School
Professor of Finance

Specialist in asset pricing theory, portfolio and risk management, and financial econometrics.

René Garcia is Professor of Finance at EDHEC Business School and Academic Director of the EDHEC-Risk Institute PhD in Finance programme. He was previously a professor at the University of Montreal and the scientific director of the interuniversity research centre CIRANO. Prior to joining academe, Professor Garcia worked for four years as an economist in the public and private sectors and for six years as the president of financial services company Synectra Inc. His research interests in finance and econometrics revolve around the valuation of financial assets, portfolio management, risk management, and regime-switching models. He has published widely in leading journals and participated in the founding of the Journal of Financial Econometrics, for which he serves as Editor-in-Chief. He has received numerous research awards and grants, held the Hydro-Québec chair in integrated risk management and financial mathematics, and recently been awarded a three-year grant from the AXA Research Fund.

Felix Goltz, MPhil and PhD in Management - Finance (Nice)

EDHEC-Risk Institute
Head of Applied Research

Specialist in alternative asset allocation and indexing.

Felix Goltz is Head of Applied Research at EDHEC-Risk Institute. As such, he supervises a team of researchers who conduct industry surveys and applied research projects on exchange-traded funds, portfolio construction, performance measurement and reporting. He also co-heads EDHEC-Risk Institute's programme on indices and benchmarking and leads the research and development activities related to the Institute's partnership with the FTSE Group. His research focuses on asset allocation with alternative assets and on indexing and passive investment across traditional and alternative investments. His work on hedge fund indices, equity indices, exchange-traded funds, and asset allocation has appeared in leading academic and practitioner journals. Doctor Goltz has contributed to various reference texts on exchange-traded funds, investment management, and hedge funds. He has been teaching postgraduate and executive education courses for several years and regularly presents research work at industry conferences.

Georges Hübner, PhD in Management - Finance (INSEAD)

Gambit Financial Solutions
Co-Founder and Chief Scientific Officer

EDHEC-Risk Institute
Member

EDHEC Business School
Affiliate Professor of Finance

Specialist in performance measurement, hedge funds, derivatives, and credit risk.

Georges Hübner is Affiliate Professor of Finance at EDHEC Business School. In addition, he is a co-founder and the Chief Scientific Officer of Gambit Financial Solutions, a financial software company specialising in risk profiling and portfolio construction tools. He also serves as co-chair of the Finance, Accounting and Law Department and is the Deloitte Professor of Financial Management at the University of Liege HEC Management School. His research on performance measurement, credit risk, hedge funds, and derivatives has appeared in leading scientific and practitioner journals. Professor Hübner has co-authored and co-edited several books on venture capital, hedge funds and CTAs, credit derivatives, operational risk, and performance measurement. He is an experienced graduate and executive education instructor and has been involved in Financial Risk Manager (FRM®) and Chartered Alternative Investment Analyst (CAIA®) preparation courses.

Bob Kimmel, MSc in Computer Science (Columbia), MBA and PhD (Chicago)

EDHEC-Risk Institute
Faculty Member

EDHEC Business School
Professor of Finance

Specialist in term structure of interest rate modelling, stochastic process estimation, and asset pricing.

Bob Kimmel will be joining EDHEC Business School from the Fisher College of Business at Ohio State University in September 2010. He was previously Assistant Professor at Princeton University, serving in the Department of Economics and at the Bendheim Centre for Finance. Before joining academe, he worked as a data communications engineer. His research interests have to do with non-linear models of the term structure of interest rates, estimation of continuous-time stochastic processes, and theoretical asset pricing models. He has published in top finance journals, notably in the Journal of Financial Economics, and refereed for more than twenty leading journals in financial economics, financial econometrics, and quantitative methods.

François-Serge Lhabitant, MSc in Computer Science (Swiss Federal Institute of Technology), MSc in Banking and Finance, and PhD in Finance (HEC Lausanne)

Kedge Capital
Chief Investment Officer

EDHEC-Risk Institute
Member

EDHEC Business School
Affiliate Professor of Finance

Specialist in alternative investment and asset management.

François-Serge Lhabitant is Affiliate Professor of Finance at EDHEC Business School and Chief Investment Officer at Kedge Capital. He is responsible for the investment management of the Kedge Capital Funds and investment mandates operated by the Kedge Group. He was previously a senior executive at UBP where he was in charge of the quantitative analysis and the management of dedicated hedge fund portfolios. Prior to that, he was a director at UBS Private Banking Division and Global Asset Management. His research on alternative investment and asset management has been published in refereed academic and practitioner journals. He is a member of the Scientific Committee of France’s financial market authority (AMF) and of the AIMA Investor Steering Committee. He also contributes to the Chartered Alternative Investment Analyst Association, the International Association of Financial Engineers and the Professional Risk Managers’ International Association. Professor Lhabitant has authored several bestsellers on hedge funds, co-authored a primer on new asset management techniques, and co-edited books on commodities, hedge funds, and stock market liquidity. He is a seasoned executive education instructor and a frequent keynote speaker at top industry events.

Abraham Lioui, MSc in Finance and MA in Economics (Paris I), MA in Probability and Stochastic Processes (Paris VI), PhD in Management (ESSEC & Paris I)

EDHEC-Risk Institute
Member

EDHEC Business School
Professor of Finance

Specialist in asset pricing theory, dynamic asset allocation, derivatives, and risk management.

Abraham Lioui is Professor of Finance at EDHEC Business School. He was previously at the department of economics at Bar Ilan University where he held the Vice Chair position. He has served as a consultant to various financial institutions on questions related to performance measurement and market making. His research interests in finance revolve around the valuation of financial assets, portfolio management, and risk management. His economics research looks at the relationship between monetary policy and the stock market. Professor Lioui has published widely in, and refereed for, leading journals and received several research grants. He has recently co-authored a book on the use of derivatives for dynamic asset allocation. He is an experienced graduate and executive education instructor and is regularly invited to present at international scientific conferences.

Lionel Martellini, MiM (ESCP-EAP), MSc in Economics (ENSAE), MSc in Statistics (Paris VI), PhD in Finance (Berkeley)

EDHEC-Risk Institute
Scientific Director

EDHEC Business School
Professor of Finance

Specialist in asset allocation, derivatives, fixed income modelling, and alternative investment.

Lionel Martellini is Professor of Finance at EDHEC Business School and Scientific Director of EDHEC-Risk Institute. He was previously on the faculty of the University of Southern California. He has served as a consultant to various institutional investors, investment banks, and asset management firms on questions related to risk management, alternative investment strategies, and asset allocation decisions. He is a member of the global advisory board of FTSE Group. Professor Martellini’s research on asset management, portfolio theory, derivatives valuation, fixed income products, and alternative investment has appeared in leading academic and practitioner journals. He sits on the editorial boards of the Journal of Portfolio Management and the Journal of Alternative Investments. Professor Martellini has co-authored and co-edited reference texts on fixed-income management and alternative investment. He is regularly invited to speak at leading academic and industry conferences and is a seasoned executive education instructor.

Joëlle Miffre, MSc and PhD in Finance (Brunel)

EDHEC-Risk Institute
Member

EDHEC Business School
Professor of Finance

Specialist in tactical asset allocation, derivatives, and commodity futures.

Joëlle Miffre is Professor of Finance at EDHEC Business School. She was previously with the Cass Business School and also held faculty positions at the University of Technology, Sydney, the ICMA Centre at the University of Reading, and Brunel University. Her research on tactical asset allocation, derivatives, commodity futures, and hedge funds has appeared in refereed academic and practitioner journals. Professor Miffre received support from Inquire- UK for her work on higher moments and the conditional performance of alternative investments. She has presented at international academic and industry conferences and is an experienced graduate and executive education instructor.

Arun Muralidhar, PhD in Managerial Economics (MIT)

Mcube Investment Technologies LLC
Chairman and Founder

AlphaEngine Global Investment Solutions
Chairman and CIO

EDHEC-Risk Institute
Member

EDHEC Business School
Adjunct Professor of Finance

Specialist in pension reform, asset allocation, performance measurement, and currency management.

Arun Muralidhar is Chairman and Founder of Mcube Investment Technologies, LLC, and Chairman and Chief Investment Officer of AlphaEngine Global Investment Solutions. Both firms assist pension and sovereign funds in asset allocation, currency management, and external manager oversight.

He previously served as Managing Director at FX Concepts, Inc., Head of Currency Research at JP Morgan Fleming Asset Management, and Head of Research at the World Bank pension fund.

He is a specialist in pension reform, asset allocation, performance measurement, and currency management. He has written a number of articles and books on these topics, and currently serves on the advisory boards of the Journal of Performance Measurement and the Journal of Investment Consulting. He has taught advanced courses and delivered seminars at various leading institutions including the MIT and the University of Tokyo.

Dominic O'Kane, PhD in Theoretical Physics (Oxford)

EDHEC-Risk Institute
Member

EDHEC Business School
Affiliate Professor of Finance

Specialist in interest and credit risk pricing and management.

Dominic O’Kane is Affiliate Professor of Finance at EDHEC Business School. Prior to joining EDHEC-Risk Institute in 2007, he was Head of Fixed Income Quantitative Research at Lehman Brothers in London, where he worked for nine years, and taught postgraduate courses at the University of Oxford. He had previously spent two years at Salomon Brothers. His expertise lies in the pricing and risk managing of credit derivatives. He has published numerous research notes and primers on credit modelling and credit derivatives as well as articles in academic and professional publications. In 2005, he and his team were voted number one for quantitative credit research and modelling in an investor poll taken by Euromoney. He is the author of a noted book on credit derivatives modelling and has contributed to two other books on fixed income securities and portfolio management. He has frequently lectured at industry conferences and in executive education courses.

Bernd Scherer, MSc in Economics (Augsburg), MSc in Economics (London), PhD in Finance (Giessen)

EDHEC-Risk Institute
Programme Director, Executive MSc in Risk and Investment Management (Europe)

EDHEC Business School
Professor of Finance

Specialist in asset valuation, portfolio construction, asset allocation, and asset liability modelling.

Bernd Scherer is Professor of Finance at EDHEC Business School and the Programme Director of the EDHEC-Risk Institute Executive MSc in Risk and Investment Management for Europe. He has sixteen years of experience in the asset management industry. Prior to joining EDHEC-Risk Institute in 2010, he was Global Head of Quantitative Structured Products at Morgan Stanley in London and Honorary Visiting Professor at the University of London Birkbeck College. Previously, he was with Deutsche Asset Management where he successively headed the Investment Solutions and Overlay Management Group in Frankfurt, and Global Quantitative Research and Portfolio Engineering from New York. His research on investment management, strategic asset allocation, portfolio construction, and asset pricing has been widely published in refereed academic and practitioner journals. He serves as Associate Editor for the Journal of Asset Management. He is also on the management committee of the London Quant Group. Professor Scherer has authored and co-authored reference books on portfolio construction and optimisation, risk management, investment management, and liability hedging. He is regularly invited to present research work at industry conferences, and has significant experience as an instructor of postgraduate and executive education courses.

Stoyan Stoyanov, MSc in Applied Probability and Statistics (Sofia), PhD in Mathematical Finance (Karlsruhe)

EDHEC-Risk Institute
Programme Director, Executive MSc in Risk and Investment Management (Asia)

EDHEC Business School
Professor of Finance

Specialist in risk management and optimal portfolio theory.

Stoyan Stoyanov is Professor of Finance at EDHEC Business School and Programme Director of the Executive MSc in Risk and Investment Management for Asia. He has nearly ten years of experience in the field of risk and investment management. Before joining EDHEC-Risk Institute in 2010, he worked for over six years as Head of Quantitative Research for FinAnalytica, a noted financial technology firm. Previously, he worked for three years as a quantitative research engineer at the Bravo Risk Management Group, later acquired by FinAnalytica. Over his professional career, Professor Stoyanov has designed and implemented investment and risk management models for financial institutions, co-developed a patented system for portfolio optimisation in the presence of non-normality, and led a team of engineers designing and planning the implementation of advanced models for major financial institutions. In synergy with his work in the industry, he has acquired advanced academic qualifications and published extensively. His research focuses on probability theory, extreme risk modelling, and optimal portfolio theory. He has published nearly thirty articles in academic journals, contributed to many professional handbooks, and co-authored two books on financial risk assessment and portfolio optimisation.

Hilary Till, MSc in Statistics (LSE)

EDHEC-Risk Institute
Member

Premia Capital Management
Co-founder

Specialist in commodities trading and natural resources futures markets.

Hilary Till is a co-founder of proprietary trading firm Premia Capital Management, LLC and a research associate with EDHEC-Risk Institute. She also advises investment managers on natural-resources investing, derivatives, and risk management. Prior to founding Premia Capital Management in 1998, she headed the Derivative Strategies Group of Putnam Investments. Previously, she was an equity derivatives analyst and commodity futures trader with Harvard Management Company. Ms Till is an internationally acknowledged expert in the field of commodities trading and natural resources. Her research work on hedge funds, commodity strategies, and commodity investment has appeared in peer-reviewed academic and practitioner journals. She also sits on the curriculum committee of the Chartered Alternative Investment Analyst Association. She has co-edited a bestselling book on commodity investing and contributed to numerous books on commodity investment and risk management, hedge funds, performance measurement, and investment management. She is regularly invited to speak at industry conferences, and has designed and delivered a successful executive education course on commodity investing for EDHEC-Risk Institute.

Raman Uppal, MA in Finance, MBA, and PhD in Finance (UPenn)

EDHEC Business School
Professor of Finance

Centre for Economic Policy Research
Research Fellow

Specialist in portfolio selection, asset pricing, risk management, and exchange rates.

Raman Uppal joined EDHEC Business School as Professor of Finance in 2011. He was formerly Professor of Finance and Chair of the Finance Subject Area at the London Business School, having previously worked at the University of British Columbia. He has held visiting positions at K.U. Leuven, MIT, and LSE, and has served as co-director of the Financial Economics Programme of the Centre for Economic Policy Research. His research focuses on optimal portfolio selection and asset allocation in dynamic environments, valuation of securities in capital markets, risk management, and exchange rates. He has published widely in leading journals such as Journal of Economic Theory, Journal of Finance, Journal of Financial and Quantitative Analysis, Management Science and Review of Financial Studies, and has received numerous grants and awards for his research work. He currently serves as editor for Journal of Banking and Finance and advisory editor for Review of Finance.

• Overview

• Curriculum

• Faculty

• Programme Audience and Key Benefits

• About EDHEC-Risk Institute

• This programme has been reformatted to appeal to a wider audience and is now organised by EDHEC Business School More...

• Asia-based programme: disclosures in compliance with Singapore's Council for Private Education