I started this blog to provide commentary in the spirit of my recent book, A Demon of Our Own Design. I now write on anything I find interesting, centered around finance and economics, subject to the restriction of my current positions in government.
I am on the 2010 Worth list of the 100 Most Powerful People in Finance, and in 2009 I was selected as one of the Conde Nast 25 Technology Innovators, in the company of Jeff Bezos, Steve Jobs, Steven Chu and Jeffrey Katzenberg.
Note that this blog represents my personal views only. I am a Research Principal in the Office of Financial Research, and recently was Senior Policy Adviser to the Financial Stability Oversight Council and Senior Policy Adviser at the SEC. Before my current stint in the public sector, I worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and was in charge of risk management at Moore Capital. In the investment banking arena, I was in charge of firm-wide risk at Salomon Brothers. I also spent ten years at Morgan Stanley, first designing derivatives, doing proprietary trading, and than as the firm's first market risk manager.
In addition to my recent book, A Demon of Our Own Design, I am the author of three other books and scores of articles on finance, ranging from option theory to risk management. I have won the Graham and Dodd Scroll from the Financial Analysts Federation and the Roger F. Murray Award from the Institute for Quantitative Research in Finance for my research. I was Fulbright Scholar and Visiting Professor at Hebrew University of Jerusalem.
I received a Ph.D. in economics from MIT.