[2017-10-06] Mr. Ho Ho,Point72 Asset Management,"How to apply Quantitative skills in Hedge Fund World"

Title How to apply Quantitative skills in Hedge Fund World

Date: 2017-10-06  2:20pm-3:30pm
Location: R103, CSIE
Speaker: Mr. Ho Ho
Hosted by: Prof. Yuh-Dauh Lyuu


Quantitative investment strategies have evolved into very complex tools with the advent of modern computers, but the strategies' roots go back over 70 years. They are typically run by highly educated teams and use proprietary models to increase their ability to beat the market. One of the founding fathers of the study of quantitative theory applied to finance was Robert Merton. You can only imagine how difficult and time-consuming the process was before the use of computers. Other theories in finance also evolved from some of the first quantitative studies, including the basis of portfolio diversification based on modern portfolio theory.


When applied directly to portfolio management, the goal is like any other investment strategy: to add value, alpha or excess returns. Quants, as the developers are called, compose complex mathematical models to detect investment opportunities. One of a quant investment strategy's advantage is that the model, and ultimately the computer, makes the actual buy/sell decision, not a human. This tends to remove any emotional response that a person may experience when buying or selling investments.

Quant strategies are now accepted in the investment community and run by mutual funds, hedge funds and institutional investors. This presentation will introduce the quant skills our team has used to manage capital in real hedge fund world for years, and how it relates to your academic theories and approaches learnt from school.  



Ho Ho is a Quantitative Portfolio Manager for Point72 Asset Management, a US$14 billion global family office, where he leads a team responsible for research, development and ongoing portfolio management of multiple quantitative alpha trading strategies. Prior to joining Point72 Asset Management, Mr. Ho worked for MSCI Hong Kong as their Executive Director of Applied Index Research. Mr. Ho also worked for California Public Employees Retirement System (CalPERS), a US$300 billion California Pension Fund. He was The Head Quantitative Portfolio Manager in the Global Equity Unit responsible for capital allocation for the Unit’s US$100+ billion equity portfolio as well as the management of their US$5+ billion hedge fund of fund portfolio.

最後修改時間:2017-09-13 PM 5:31

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