Center for Finance (CF)
W. Brent Lindquist, Ph.D.
Svetlozar(Zari) Rachev, Dr. Sci.
|Academic Units and Collaborating Faculty:||Applied Mathematics & Statistics||
W. Brent Lindquist
|College of Business||
Svetlozar (Zari) Rachev
|Electrtical & Computer Engineering||
Center for Finance (CF) will focus on research in investment and financial regulation. In the private sector, financial firms embrace interdisciplinarity, hiring mathematicians, physicists, economists, and statisticians to work together on increasingly complex problems that require increasingly sophisticated theoretical analysis, institutional knowledge, data analysis and computational power. The CF will parallel the industry model, growing finance research at Stony Brook by combining strengths in business, economics, applied mathematics, statistics, probability and computer science to produce cutting-edge research encompassing the three main financial methodologies: empirical, quantitative and theoretical. Financial markets are a human construct with their own complex "natural" phenomena. The primary buy/sell inputs driving a market are not only in opposition to each other, but operate in a system constrained by regulatory checks. Understanding these complex relationships, in particular understanding the unstable regimes of any particular market in order to prevent occurrence, is a primary intellectual goal of financial research. The CF will provide a needed interdisciplinary research focus to address intellectual goals in two broad areas: investment and banking/regulation. Specific research topics will focus on high frequency trading, risk assessment and management, valuation of structured financial instruments, portfolio choice and optimization, asset liability management and insurance, banking, and regulation of financial institutions.