Archive for the ‘Featured News’ Category


Baruch MFE’s Team Wins First Place in 2016 Rotman International Trading Competition

Monday, March 14th, 2016

RITC_2016_1

The Baruch College’s Master of Financial Engineering (MFE) program won 1th place (out of 52 teams) at 13th Rotman International Trading Competition held in February 2016 in Toronto.

This was a record-breaking year and a unique win in the history of the competition:

we won three of the six events (commodities trading, credit risk, sales & trading), were second in equity valuation, and third in algo trading

– the difference between first place and second place was more than the difference between second place and seventh place

– our overall score establishes a new all-time record, previously held by MIT since 2011

– 52 teams representing academic institutions from four continents competed, also a new all-time record

Congratulations to our winners, Sandeep Bangar, Allen Long Chen, Rui Ge, Anik Roy, Mingda Ke, Raymond Wong! They were extremely consistent and followed the pre-designed strategy and not being lured by potential “break-the-bank” strategies.

The Baruch team received preparation assistance from Professors Jarrod Pickens and Richard Holowczak, with help from dedicated alumni who participated in the competition in prior years, including Eugene Krel (RITC’09 and coach of the teams through 2014), Juan Pablo Alonso (RITC’14), Yike Lu (RITC 2011 and 2012), and Zhechao Zhou (RITC’12).

This results fits into the consistently stellar performance of Baruch MFE teams over the years: 4th in 2014, 3rd in 2013, 1st and 4th in 2012, 3rd in 2011.

The universities and colleges that participated this year, along with their standings, include LUISS University of Rome (2) and University of Calgary (3), financial engineering programs from NYU (8), Carnegie Mellon (11), UC Berkeley (12), Chicago (17), Columbia (19), Rutgers (33), Princeton (39), Boston University (43), and undergraduate teams from MIT (10), Dartmouth (21), and Duke (31), among others.

 

Baruch MFE student wins the “Solve-a-thon at MIT” trading competition

Sunday, March 13th, 2016

Song Wang

Our Baruch MFE student Song Wang (Baruch MFE December’16) won the Solve-a-thon at MIT  trading competition organized by WorldQuant and a cash prize of $10,000 for achieving a score of over 100,000 (calculated based on alpha generation) in less than two months. Out of over 700 participants, the next highest score was 55,000, and only seven participants ended up with a score above 5,000.

In addition to Baruch, the following US universities had competitors with winning scores: Columbia, RPI, Yale, Princeton, MIT, University of Maryland.

This success in trading competitions fits in a long-standing pattern of wins and success for the Baruch MFE Program, including, among others:

  • 1st place in the 2016 Rotman International Trading Competition – Baruch MFE team
  • 2nd place in the 2012 Metaquotes Automated Trading Championship – Juan Pablo Alonso
  • 4th place in the 2014 Rotman International Trading Competition – Baruch MFE team
  • 3rd place in the 2013 Rotman International Trading Competition – Baruch MFE team
  • 1st and 4th place in the 2012 Rotman International Trading Competition – Baruch MFE team
  • 3rd place in the 2011 Rotman International Trading Competition – Baruch MFE team
  • 2nd place in the 2007 Interactive Brokers Collegiate Trading Olympiad – Gus Tsahas
  • 2nd place in the 2006 Interactive Brokers Collegiate Trading Olympiad – Bharath Govindarajan

Baruch MFE Program – First Place in the 2015 IAQF Academic Case Competition

Thursday, June 11th, 2015

Baruch MFE IAQF team

The Baruch MFE team won the Fourth Annual International Association of Financial Engineers (IAFE) Academic Student Competition.

In a competition of 25 teams from 17 programs, Baruch MFE students researched and wrote a paper on developing a product which can be used to reduce the risk in defined benefit pension plans.

The Baruch MFE team was led by team captain Scott Hounsell, who is doing an internship with Alphadine Capital Management. Team members included Yifan Cui, Bank of America Merrill Lynch; Chao Feng, Morgan Stanley; Yun Peng, Goldman Sachs; Sam Pfeiffer, Morgan Stanley; and Haotian Wu, JP Morgan.

Congratulations to our students, as well as to Professor Andrew Lesniewski, who guided our students. This was truly the success of the entire Baruch MFE community, and special thanks are owed to Bob Spruill (Baruch MFE’07), Kun Ji (Baruch MFE’13), and Muting Ren (Baruch MFE’08).

This was the first time a four way tie for 1st place was declared in the IAQF Student Competition; the other first-place teams are from Cornell, UC Berkeley and University of Illinois.

Congratulations to our winners!

Dr. Andrew Lesniewski named Curriculum Director of the Baruch MFE Program

Monday, March 23rd, 2015

Dr. Andrew Lesniewski joins Baruch MFE program

 

Professor Andrew Lesniewski, a renowned expert on interest rate modeling and celebrated in particular as one of the originators of the SABR model, who joined the Baruch MFE Program and the mathematics department at Baruch College in August 2013 as tenured full professor, has assumed the role of Curriculum Director of the Baruch MFE Program in January 2015.

Professor Lesniewski will continue working on keeping the curriculum of the Baruch MFE Program cutting edge, introducing three new courses in the 2015-2016 academic year, to go along more than fifteen new courses introduced since Fall 2010.

Since switching from an earlier successful academic career in mathematical physics, Dr. Lesniewski has had an very accomplished career in the financial industry, most recently as Head of Financial Engineering at DTCC, and prior to that as Managing Director and Head of Quantitative Research at Ellington Management Group.

Dr. Lesniewski has a PhD degree in mathematics from ETH Zurich and was Associate Professor of Mathematical Physics at Harvard University before joining the financial industry.

Baruch MFE’s Team Wins Fourth Place in 2014 Rotman International Trading Competition

Monday, March 10th, 2014

The Baruch College’s Master of Financial Engineering (MFE) program won 4th place (out of 52 teams from 48 universities) at 11th Rotman International Trading Competition held in February 2014 in Toronto.

This is the fourth year in a row a Baruch MFE team is in Top 5 at RITC (after winning the competition in 2012 and placing 3rd in 2011 and 2013)! This consistency unprecedented in the 11 years of RITC competition highlights the strength of our community – our students are prepared by dedicated alumni who participated in the competition in prior years, including Andrew Chang, Yike Lu, and Alexei Smirnov, and coordinated by Eugene Krel.

Congratulations to our students, John Han (team captain), Jun Hua, Dustin Moy, Fubo Shi, Bo Yuan, Peng Wu!

A record number of teams participated this year, including US-based MFE/Math Finance programs: UC Berkeley (3 and 15), Chicago (17 and 22), Rutgers (19), Stanford (26), Boston University (35 and 36), and undergraduate teams from Princeton (7), MIT (18), and Cornell (41), among others.