Center for Finance (CF)

Year: 2013  
Cluster Leads:

Svetlozar(Zari) Rachev, Dr. Sci.
CF Director

College of Business

Harriman Hall
Stony Brook University
Stony Brook, NY 11794-3775

Phone: 631-632-1998


Robert Frey, Ph.D.
CF Co-Director

Research Professor
Department of Applied Mathematics and Statistics

Math Tower
Stony Brook University
Stony Brook, NY 11794-3600

Phone: 631-473-6314


Wei Zhu, Ph.D.
CF Deputy Director

Professor and Deputy Chair
Department of Applied Mathematics and Statistics

Math Tower
Stony Brook University
Stony Brook, NY 11794-3600

Phone: 631-632-8374



Academic Units and Collaborating Faculty: Applied Mathematics & Statistics Xinyun Chen
Robert Frey
James Glimm
Xiangmin Jiao
Joseph Mitchell
Andrew Mullhaupt
Haipeng Xing
Wei Zhu
College of Business Dmytro Holod
Aaron Kim
Manuel London
Svetlozar(Zari) Rachev
Noah Smith
Stoyan Stoyanov
Gokhan Torna
Computer Science Paul Fodor
Arie Kaufman
Michael Kifer
Electrtical & Computer Engineering Mónica Bugallo
Petar Djuric
Economics Hugo Benitez-Silva>
Sandro Brusco
Eva Carceles-Poveda
Mathematics Christopher Bishop


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.

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