The Center supports research on quantitative methods to measure and control risk in financial and commodities markets and other contexts.
Risk Management in the News
"Wall Street Report Tries to Dissect Financial Meltdown" (New York Times, 8/6/08). Full Report: Report of the Counterparty Risk Management Policy Group
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)
“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)