Alexander Lipton
Citadel Investment Group LLC
Alexander Lipton investigated the physics of charged plasma in the Earth's magetosphere research in the early 80s. His work resulted in a new spectral theory for magnetohydrodynamics which is considered one of the most important breakthroughs in this field even up till today. For this, he won an award for "Best Young Geophysicist" from the Russian Academy of Science.
After moving to the United States, he continued with research work in at MIT and later progressed to a full-tenured professor at the University of Illinois, working once again in hydrodynamics. Eventually, it was a move to the east coast to be near his family that prompted him to take a step towards Finance.
His broad and rigorous training in Mathematics and Physics at Moscow State University in Russia provided him with a distinct advantage in formulating approaches used in Physics in Finance applications. With just about four years of Wall Street experience under his belt, he made a name for himself as a pioneer in pricing formulae for some of the more exotic derivative products. In 1997, he showed for the first time how to price passport options. Two years later, he was borrowing the technique of self-similarity from his Physics roots to derive new pricing methods for Asian options. His work earned him the "Quant of the Year" award from Risk Magazine in 2000.
Professor Lipton currently holds a senior position at Citadel Investment Group LLC in Chicago. He has also recently joined the Board of Managing Editors of the International Journal of Theoretical and Applied Finance.
He has authored the following book with World Scientific:
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