The Center supports research on quantitative methods to measure and control risk in financial and commodities markets and other contexts.

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Center News

Our next grant cycle has begun. Deadline is January 15, 2008. (more)

We've moved. (more)

Our first working papers are now available on our website. (more)

 

Risk Management in the News

Entry-order system that should have blocked a rouge trader failed, with $141 million loss. (New York Times, 2/28/08) One report claimed the controls were turned off because they slowed down trading.

Notional value of credit default swaps nearly 8 times value of underlying bonds. (New York Times, 2/17/08)

Rogue trader circumvents risk controls and runs up $7.1 billion in losses for Société Générale. (New York Times, 1/24/08)

“I’d like to know what those damn things are worth,” Mr. Bernanke said. (New York Times, 10/16/07)

Who We Are

The Fung Center was created by a very generous donation from Coleman Fung, founder and Executive Chairman of Open Link Financial, Inc. (more)