About ARPM

ARPM - Advanced Risk and Portfolio Management is an education firm for modern quantitative finance founded by Attilio Meucci in 2010.
Our strength is our expertise with real-world probability ℙ, which is the mathematical foundation of data science, quantitative risk management and quantitative portfolio management.
ARPM’s Mission is to set the standards for and disseminate knowledge of Advanced Risk Management and Portfolio Management, across the financial industry: asset management, banking, and insurance.

To achieve our mission:

1. We maintain the Advanced Risk and Portfolio Management (ARPM) Lab : an e-platform to learn and practice modern quantitative finance.
2. We provide educational programs, built on the ARPM Lab,
   
   Quant Bootcamp: broad overview of modern quantitative finance, across asset management, banking and insurance; delivered in person, via streaming or on demand
   Quant Marathon: in-depth master-level online program in 7 courses
   Corporate Training: customized, guided, in-house programs
   

   Academia Delivery: Lab contents delivered at universities by  universities faculty
   
3. We administer the Advanced Risk and Portfolio Management (ARPM) Certificate to vet proficiency in advanced analytics for quantitative finance.

ARPM’s training courses possess unique advantages over those offered by universities or training firms. Specifically:

1. The ARPM Lab: 8 synchronized learning channels (theory, case studies, data animations, code, documentation, slides, video lectures and exercises) with common notation, across all topics.
   Click from theory and case studies to data animation and code to slides and video lectures, to understand any topic from every angle.
2. ARPM’s cutting edge Learning Management System (LMS): honed to maximize the effectiveness of the e-learning environment, the LMS features virtual classrooms for large group lectures and breakout sessions, email notifications and reminders, communication tools including Q&A forums, and multiple progress tracking options.
3. ARPM’s instructional method: honed to maximize the effectiveness of the e-learning environment over the past 10 years.
   We have developed a unique flipped classroom approach, where students come to class prepared to discuss the materials rather than attempting to absorb new material during the lectures. Classes are frequently split into small-group discussions to maximize participation.
4. Mathematical proficiency: ARPM courses bring participants to a higher level than they would reach in other courses or programs.

For these reasons and others, we achieve results that are equal to if not superior to what is achieved with the traditional classroom approach.

Attilio Meucci is the founder of ARPM.

Prior to ARPM, he was the chief risk officer at KKR, the chief risk officer at Kepos Capital, the head of research for Bloomberg’s risk and portfolio analytics, and a researcher at Lehman's POINT.

Attilio is the author of numerous publications, and has taught at Columbia-IEOR, NYU-Courant, Bocconi University, and NU Singapore.

Attilio earned a BA summa cum laude in Physics from the University of Milan, an MA in Economics from Bocconi University, a PhD in Mathematics from the University of Milan and is a CFA charterholder. Attilio is fluent in six languages.

Rank ARPM team by:

Intelligence

• Beauty

Matteo Ipri

Technology

Andrea Colombaro

Research

John Phelan

Marketing

Marcello Colasante

Research

Jelena Bozickovic

Visual Data Science

Angela Loregian

Research

Milena Kojić

Research

Hai Trinh

Research

Giovanni Amici

Visual Data Science

Zorica Ivanovic

Operations

Sophie King

Research

Ivana Trifunovic

Operations

Andrea Succi

Technology

Irena Sestak

Technology

Mladen Stanisic

Technology

Attilio Meucci

Research

Doroteja Djoric

Research

Advisory Board

Jean-Philippe Bouchaud

Jean-Philippe is Chairman and Chief Scientist at Capital Fund...

Jean-Philippe Bouchaud is the Chairman and Chief Scientist at Capital Fund Management S.A. Dr. Bouchaud was appointed as the Chairman and Chief Scientist in October 2001. He supervises the research team of the firm and contributes by maintaining strong links between the firm’s research and the academic world. Dr. Bouchaud founded Science & Finance SA in 1994. He joined the Service de Physique de l’État Condensé at the Commissariat à Energie Atomique at Saclay, France. Dr. Bouchaud worked for a year at the Cavendish Laboratory in Cambridge. He was a Researcher at the Centre National de la Recherche Scientifique until 1992. Dr. Bouchaud is a well-known authority within the field of Econophysics. He is also the Editor in Chief of Quantitative Finance. Dr. Bouchaud earned a Ph.D. in Theoretical Physics from the École Normale Supérieure in Paris, France. He studied at the French Lycée in London.

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Peter Carr

Peter Carr is the Chair of the Finance and Risk Engineering Department at...

Peter Carr is the Chair of the Finance and Risk Engineering Department at NYU Tandon School of Engineering. He has headed various quant groups in the financial industry for the last twenty years. He also presently serves as a trustee for the National Museum of Mathematics and WorldQuant University. Prior to joining the financial industry, Dr. Carr was a finance professor for 8 years at Cornell University, after obtaining his Ph.D. from UCLA in 1989. He has over 85 publications in academic and industry-oriented journals and serves as an associate editor for 8 journals related to mathematical finance. He was selected as Quant of the Year by Risk Magazine in 2003 and Financial Engineer of the Year by IAQF/Sungard in 2010. From 2011 to 2014, Dr. Carr was included in Institutional Investor's Tech 50, an annual listing of the 50 most influential people in financial technology.

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Bob Litterman

Bob Litterman is the Chairman of the Risk Committee and the founding partner of...

Bob Litterman is the Chairman of the Risk Committee and a founding partner of Kepos Capital. Prior to joining Kepos Capital in 2010, Bob enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group in the Asset Management division. While at Goldman, Bob also spent six years as one of three external advisors to Singapore's Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). Bob earned a Ph.D. in Economics from the University of Minnesota and a B.S. in Human Biology from Stanford University. He was inducted into Risk magazine's Risk Management Hall of Fame and named the 2013 Risk Manager of the Year by the Global Association of Risk Professionals. In 2012, he was the inaugural recipient of the S. Donald Sussman Fellowship at MIT's Sloan School of Management. In 2008, he received the Nicholas Molodovsky Award from the CFA Institute Board as well as the International Association of Financial Engineers/SunGard Financial Engineer of the Year Award. Bob serves on a number of boards, including Commonfund, where he was elected Chair in 2014, Options Clearing Corporation, Resources for the Future, Robert Wood Johnson Foundation, the Sloan Foundation and World Wildlife Fund.

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William Martin

William Martin is Chief Risk Officer of ADIA, responsible for enterprise-wide...

William Martin is Chief Risk Officer of ADIA, responsible for enterprise-wide risk-adjusted portfolio analysis, investment risk, credit risk, operational risk, and compliance. Previously, he was chief risk officer of Commonfund, where he was a member of the senior executive group, investment committee and systemic risk committee. Prior to this he was chief risk officer for Bank of America’s investment management businesses, including Columbia Management, alternative investments, proprietary hedge funds and private equity. Previously he was global head of risk management at the Royal Bank of Scotland, responsible for enterprise-wide credit, market and operational risk and global head of investment risk management & performance at INVESCO. He is chairman of the Board of Trustees for the Global Association of Risk Professionals, is on the advisory board of the Weismann Center for International Business, City University of New York, and is a board overseer of the New England Conservatory of Music. Mr. Martin holds a B.B.A. in management science from the Baruch School of Business, City University of New York.

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Steven Shreve

Steven Shreve is the Orion Hoch and University Professor of Mathematics at...

Steven Shreve is the Orion Hoch and University Professor of Mathematics at Carnegie Mellon University, where he co-founded the CMU Master’s degree in Computational Finance, now in its 19th year, with campuses in New York and Pittsburgh. Shreve received his MS in electrical engineering and his PhD in mathematics from the University of Illinois. Shreve has also been a faculty member of the University of California at Berkeley and Massachusetts Institute of Technology. Shreve’s book “Stochastic Calculus for Finance” won the 2004 Wilmott award for “Best New Book in Quatitative Finance.” Shreve is co-author of the books “Brownian Motion and Stochastic Calculus” and “Methods of Mathematical Finance,” advisory editor of journal “Finance and Stochastics,” and past-President of the Bachelier Finance Society. He has published over forty articles in scientific journals on stochastic calculus, stochastic control, and the application of these subjects to finance, including the effect of transaction costs on option pricing, the effect of unknown volatility on option prices, pricing and hedging of exotic options, and models of credit risk.

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One more reason

As the charitable arm of ARPM, One More Reason grants have leveraged the goodwill and resources of the quantitative finance community to empower individuals and organizations to approach challenges such as poverty, illiteracy, innumeracy, hunger, and the lack of proper medical care with effective and sustainable solutions. One More Reason’s unique funding model means that we make the very most of your contribution.

Begun in 2005 when Attilio Meucci donated the first royalty check from his book, Risk and Asset Allocation, One More Reason has subsequently received all royalty checks from this book as well as fees from third parties executive trainings and seminars on quantitative finance. These resources, combined with contributions from the quantitative finance community have enabled One More Reason to write over $ 320,000 worth of grants that have helped improve the lives of many around the world.

A recent and growing area of focus for One More Reason is the education of the incarcerated. An often overlooked and looked down upon population, the United Nations estimates that there are over 9 million individuals in prisons throughout the world. Many of these individuals are caught in an endless cycle of incarceration, release, and incarceration that destroys lives, families, and communities at great expense to society. Education has been shown to be an effective way to break this cycle and reduce the cost to society as a whole. Beyond the dollars and cents, however, One More Reason supports the ideal that attending to the needs of the least among us can elevate us all. You can read more details on the history and motivations behind One More Reason on The Wall Street Journal: link to the article.