报告人：张强 教授

时间：2020年12月2日（星期三）下午3:00-4:00 

地点：T2-102

语言：英语

报告摘要：

Portfolio management and risk management are extremely important issues in modern finance. Over the years, various continuous-time strategies in portfolio management have been developed for reaching different objectives. However the risks associated with these strategies are not well understood. We review these strategies and examine an important measure of risk, namely, the probability of bankruptcy occurring while applying these strategies. We demonstrate that if the target-return rate is set above certain critical value, then the probability of being in bankruptcy will be one hundred percent for a long-term investor.

讲者简介：

Professor Zhang is a Professor in the UIC Financial Mathematics Programme and at the Research Center for Mathematics. Professor Zhang received his Bachelor from Fudan University and his Master and Ph.D. from New York University. He is among the first group of CUSPEA students admitted to American universities. After graduation he has been working at Courant Institute of Mathematics at New York University, State University of New York at Stony Brook, City University of Hong Kong where he had a joint appointment in Department of Mathematics and Department of Economics and Finance. Professor Zhang has broad research interests that include mathematical finance, fluid dynamics, scientific computing, granular materials, and physics. For each of these fields, his research results have been published in top journals.