Prof Yue Kuen Kwok from Hong Kong University of Science and Technology (HKUST) gave a lecture on risk management at UIC on 15 October.

In his talk, Prof Yue first reviewed the different types of financial risk and their attributes. He explained what VaR (value-at-risk) is and showed that utility-maximizing investors under a VaR constraint may result in a larger loss than at the VaR level.

Prof Yue Kuen Kwok is Programme Director for both the MSc degree in Financial Mathematics and the MSc degree in Mathematics and Economics at HKUST.

Reporter: Liu Yiyu (IJ, Year Three)
Photographer: Song Xinyi
Editor: Deen He
(from MPRO, with special thanks to the ELC)