Thomas Ho (finance)
Encyclopedia
Thomas Ho is a finance consultant, practitioner and academic. He is best known as developer of the Ho-Lee short rate model
, the first arbitrage-free
model of that type, and of key rate durations, a widely used interest rate risk
measure. Named as one of the most prolific authors in finance,http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1355675
he has published in major journals, and co-authored four books.
He is President of New York
based THC Financial Engineering (Thomas Ho Company, Ltd). He is Research Professor of Financial Markets, Owen Graduate School of Management
, Vanderbilt University
, and is a Board member of the Finance Mathematics Program, Courant Institute of Mathematical Sciences
. http://math.nyu.edu/financial_mathematics/content/03_program/07.html He is also an associate editor of several academic journals.
He joined New York University
's Stern School of Business as Professor of Finance from 1978 until 1990 (full professor in 1985). He founded Global Advanced Technology (GAT) in 1987, and was an Executive Vice President of Barra, Inc. when the latter merged with GAT in 1997.
He received his Ph.D.
in Mathematics
in 1978 from the University of Pennsylvania
.
Short rate model
In the context of interest rate derivatives, a short-rate model is a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate, usually written r_t \,.-The short rate:...
, the first arbitrage-free
Arbitrage
In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices...
model of that type, and of key rate durations, a widely used interest rate risk
Interest rate risk
Interest rate risk is the risk borne by an interest-bearing asset, such as a loan or a bond, due to variability of interest rates. In general, as rates rise, the price of a fixed rate bond will fall, and vice versa...
measure. Named as one of the most prolific authors in finance,http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1355675
he has published in major journals, and co-authored four books.
He is President of New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
based THC Financial Engineering (Thomas Ho Company, Ltd). He is Research Professor of Financial Markets, Owen Graduate School of Management
Owen Graduate School of Management
The Owen Graduate School of Management is the graduate business school of Vanderbilt University in Nashville, Tennessee. Founded in 1969, Owen awards six degrees: a standard 2-year Master of Business Administration , an Executive MBA, a master's of finance, a master's of accountancy, a HealthCare...
, Vanderbilt University
Vanderbilt University
Vanderbilt University is a private research university located in Nashville, Tennessee, United States. Founded in 1873, the university is named for shipping and rail magnate "Commodore" Cornelius Vanderbilt, who provided Vanderbilt its initial $1 million endowment despite having never been to the...
, and is a Board member of the Finance Mathematics Program, Courant Institute of Mathematical Sciences
Courant Institute of Mathematical Sciences
The Courant Institute of Mathematical Sciences is an independent division of New York University under the Faculty of Arts & Science that serves as a center for research and advanced training in computer science and mathematics...
. http://math.nyu.edu/financial_mathematics/content/03_program/07.html He is also an associate editor of several academic journals.
He joined New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
's Stern School of Business as Professor of Finance from 1978 until 1990 (full professor in 1985). He founded Global Advanced Technology (GAT) in 1987, and was an Executive Vice President of Barra, Inc. when the latter merged with GAT in 1997.
He received his Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in Mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
in 1978 from the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
.