xx About the Authors
Methods, and Practice (1998), and Modeling the Markets: New Theories
and Techniques (1997). He also coauthored three monographs published by
the Research Foundation of the CFA Institute: Challenges in Quantitative
Equity Management (2008), The Impact of the Financial Crisis on the Asset
Man agement Industry (2010), Trends in Quantitative Finance (2006). Pro
fessor Focardi holds a degree in Electronic Engineering from the University
of Ge noa and a PhD in Mathematical Finance and Financial Econometrics
from the University of Karlsruhe.
Svetlozar (Zari) T. Rachev is holds a joint appointment at Stony Brook Uni
versity, SUNY, as a professor in the Department of Applied Mathematics
and Statistics and the College of Business. Previously he was ChairProfessor
in Statistics, Econometrics, and Mathematical Finance at the Karlsruhe
Institute of Technology (KIT) in the School of Economics and Business Engi
neering, and is now Professor Emeritus at the University of California, Santa
Barbara in the Department of Statistics and Applied Probability. Professor
Rachev has published 14 monographs, 10 handbooks, and special edited
volumes, and over 300 research articles. His recently coauthored books pub
lished by Wiley in mathematical finance and financial econometrics include
Financial Models with Lèvy Processes and Volatility Clustering (2011), A
Probability Metrics Approach to Financial Risk Measures (2011), Financial
Econometrics: From Basics to Advanced Modeling Techniques (2007), and
Bayesian Methods in Finance (2008). He is cofounder of Bravo Risk Man
agement Group specializ ing in financial riskmanagement software. Bravo
Group was acquired by Fi nAnalytica for which he currently serves as Chief
Scientist. Professor Rachev completed his PhD in 1979 from Moscow State
(Lomonosov) Uni versity, and his Doctor of Science degree in 1986 from
Steklov Mathematical Institute in Moscow.
Bala G. Arshanapalli is professor and GallagherMills Chair of Business and
Economics at Indiana University Northwest. Before joining Indiana Univer
sity, Professor Arshanapalli was the Virginia and Harvey Hubbell Professor
of Business and Finance at University of Bridgeport. He also held visiting
appointments at Concordia University and Purdue University. He served
on the board of Legacy Foundation. He serves on the editorial board of
International Journal of Bonds and Currency Derivatives and International
Journal of Economics and Finance. Professor Arshanapalli also served on
the editorial board of European Financial Management and International
Journal of Operations and Quantitative Management. His current research
interests include asset allocation, retirement planning, and empirical meth
ods in financial time series modeling. Professor Arshanapalli has published