As part of a groundbreaking new Initiative for the Theoretical Sciences (ITS), the Graduate Center presents a talk by Marc Potters, co-CEO of Capital Fund Management, one of France's oldest alternative investment management firms. After a Ph.D. in Physics from Princeton University and postdoctoral work at the University of Rome, Potters joined CFM, where he now serves as director of research.
He has made substantial contributions to many problems in quantitative finance, and is the coauthor, with Jean-Phillippe Bouchaud, of the major modern text on these issues, Theory of Financial Risk and Derivative Pricing: From Statistical Physics to Risk Management (Cambridge University Press, 2003). His work, and that of his colleagues, shows how theoretical ideas developed to understand one part of the world find application in unexpected places.
Bio
Dr. Marc Potters
Dr. Marc Potters joined Capital Fund Management in October 1995 as a researcher in quantitative finance. Today he heads the research team at CFM, comprising more than 25 Ph.D.'s. He directs fundamental and applied research and supervises the implementation of automated trading strategies and risk control models. With his team, he has published numerous articles in the new field of statistical finance while continuing to develop concrete applications of financial forecasting, option pricing and risk control.
Marc Potters holds a Ph.D. in physics from Princeton University (USA). Prior to joining CFM, he was a postdoctoral fellow at the University of Rome La Sapienza (Italy). Dr. Potters is the author, with Mr. Bouchaud, of the book Theory of Financial Risk and Derivative Pricing (Cambridge University Press).
Process of raising funds or capital for any kind of expenditure. Consumers, business firms, and governments often do not have the funds they need to make purchases or conduct their operations, while savers and investors have funds that could earn interest or dividends if put to productive use. Finance is the process of channeling funds from savers to users in the form of credit, loans, or invested capital through agencies including commercial banks, savings and loan associations, and such nonbank organizations as credit unions and investment companies. Finance can be divided into three broad areas: business finance, personal finance, and public finance. All three involve generating budgets and managing funds for the optimum results. See alsocorporate finance.
Science that deals with the structure of matter and the interactions between the fundamental constituents of the observable universe. Long called natural philosophy (from the Greek physikos), physics is concerned with all aspects of nature, covering the behaviour of objects under the action of given forces and the nature and origin of gravitational, electromagnetic, and nuclear force fields. The goal of physics is to formulate comprehensive principles that bring together and explain all discernible phenomena. See alsoaerodynamics; astrophysics; atomic physics; biophysics; mechanics; nuclear physics; particle physics; quantum mechanics; solid-state physics; statistical mechanics.