Otto A. Hack 1903 Professor of Finance and Economics
Director, Bendheim Center for Finance
Yacine Aït-Sahalia, who received his Ph.D from MIT and previously taught at the University of Chicago, is currently the Otto A. Hack Professor of Finance and Economics at Princeton University. He is also the inaugural Director of the Bendheim Center for Finance at Princeton; under his leadership the Center developed an interdisciplinary undergraduate program, and a master's degree program in finance. Since its inception, the Center has awarded over thirty Ph.D. degrees.
Barclays Global Investors honored him with the Michael J. Brennan Award in 1997, and he has also received the Cornerstone Research Award (1998), the FAME Research Prize (2001), and the Dennis J. Aigner Award (2003). A highly regarded educator, he has been honored by the University of Chicago with its Emory Williams Award for Excellence in Teaching and Business Week named him to its list of outstanding faculty in financial economics. Prof. Aït-Sahalia is an elected Fellow of the Econometric Society and of the Institute of Mathematical Statistics.
Please visit Prof. Aït-Sahalia's website for more information.
Frederick L. Moore '18 Professor of Finance
Department of Operations Research and Financial Engineering, Department of Economics, Bendheim Center for Finance, Program in Applied and Computational Mathematics
Jianqing Fan is the Frederick L. Moore ’18 Professor of Finance, Professor of Statistics, and Director of the Committee on Statistical Studies at Princeton University. Born in Fujian, China, Prof. Fan received his B.S. in mathematics (1982) at the age of nineteen from Fudan University, and his M.Phil. in statistics (1985) from the Institute of Applied Mathematics of the Chinese Academy of Science. A Regents Fellowship and University Fellowship from the University of California, Berkeley, supported his doctoral work in statistics there; he was granted a Ph.D., as well as the Evelyn Fix Memorial Medal, from Berkeley in 1989.
His work in the fields of financial econometrics and risk management, computational biology, nonparametric and semiparametric modeling, nonlinear time series, to name few of his areas of expertise, has been supported by the NSF, NIH, and NSA, and has earned him numerous awards: the Committee of Presidents of Statistical Societies’ Presidents’ Award (2000), as the outstanding statistician under age 40; the Humboldt Research Award from the Alexander von Humboldt Foundation (2006); the Morningside Gold Medal for Applied Mathematics (2007), awarded every three years the International congress for Chinese Mathematicians to the outstanding mathematician of Chinese Decent under age 45.
Prof. Fan is a Fellow of the American Association for Advancement of Science, the Institute of Mathematical Statistics, and American Statistical Association, and an elected member of the International Statistical Institute.
Please visit Prof. Fan's website for more information.
Faculty Session Chairs
Department of Operations Research and Financial Engineering, Bendheim Center for Finance, Program in Applied and Computational Mathematics
Patrick Cheridito joined the Princeton faculty in 2003, following a year as a visiting research fellow at the University. He holds bachelor's and doctoral degrees from the Swiss Federal Institute of Technology in Zurich and is a recipient of the Dimitris N. Chorafas Foundation award for his doctoral dissertation titled "Regularizing fractional Brownian motion with a view towards stock price modeling." His areas of research interest are hedging under constraints, risk measures, and fractional Brownian motion. In 2007, NSF has named Prof. Cheridito as a recipient of the CAREER award, one of the foundation's most prestigious awards.
Prof. Cheridito is a member of the American Mathematics Society and the Institute for Operations Research and the Management Sciences.
Please visit Prof. Cheridito's website for more information.
Department of Operations Research and Financial Engineering, Bendheim Center for Finance
John Mulvey is a Professor of Operations Research and Financial Engineering and a founding member of the Bendheim Center for Finance. He is a leading expert in large-scale optimization models and algorithms, especially financial applications. He has implemented integrated risk management for many large financial companies, including American Express, Towers Perrin - Tillinghast, Pacific Mutual, and St. Paul Insurance.
His recent work involves the area of alternative investments (hedge funds, private equity, venture capital, commodities), their relationship to traditional assets, and dynamic investment strategies to enhance performance. In addition, he has built significant planning systems for government agencies, including the Office of Tax Analysis for the Treasury Department, and the Joint Chiefs of Staff in the Defense Department. He has edited five books and published over 130 scholarly papers.
Please visit Prof. Mulvey's website for more information.