The Center for Risk Management Research was established on July 1, 2013 as the successor to the Coleman Fung Risk Management Research Center. We are grateful for the generous support of Coleman Fung, founder of Open Link Financial, Inc. over the period 2007-2013, which permitted the establishment of the Center.
The Center focuses on the management of risk within the context of financial markets, including equity, commodity and fixed income markets, and derivatives on those markets. The Center’s goal is to address the most important and pressing issues in risk management and portfolio management. This means fostering outstanding research, drawing on the best ideas and practices from the academic and practitioner communities, and collaborating with top individuals from both backgrounds. Research at the Center will be an interdisciplinary effort involving graduate students and researchers from a broad array of disciplines, including economics, statistics, finance, engineering, computer science and mathematics. It will seek to publish in the leading academic and practitioner journals, and to elevate the practice of risk management.
The Center will select an interdisciplinary group of Berkeley graduate students and affiliated researchers. In most cases, the Director, the Director of Research, or another faculty member affiliated with the Center will serve on the dissertation committees of the affiliated graduate students. The affiliated students and researchers will attend and present at a regular seminar devoted to risk and portfolio management. The affiliated graduate students will generally receive support from Center funds; the affiliated researchers may receive support from Center funds.
The Center benefits from industry contact and support through its Affiliates Program. Links on the Center’s pages to commercial sites do not represent endorsement by the University of California.
The Center works collaboratively with the Consortium for Data Analytics in Risk (CDAR). CDAR is an organization that encourages innovative thinking in data science research and its applications to investment risk and portfolio management. With support from State Street and the University of California, Berkeley Economics and Statistics Departments, CDAR organizes workshops, conferences, and research opportunities to sustain a culture of learning. These events bring together academic researchers in physical and social sciences, as well as industry researchers from finance firms and technology companies both large and small. Read more at cdar.berkeley.edu.
The Center is housed administratively and physically within the Department of Economics at UC Berkeley. The Director is Robert M. Anderson, Professor of the Graduate School, Coleman Fung Professor Emeritus of Risk Management, and Professor Emeritus of Economics and of Mathematics. Lisa R. Goldberg, who is Adjunct Professor of Statistics and Economics, is the Director of Research.