What is Quantitative Finance? What are the future prospects? To help students better understand the Programme, Prof Ng Kah Hwa, Professor of the UIC Financial Mathematics (FM) Programme, shared his experiences on these questions in the FM Programme talk on Wednesday, 15 March.Prof Ng started the talk with the definition of Quantitative Finance. He explained to students that Quantitative Finance...

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 Yu...