Dr Rand Low

Honorary Fellow

School of Business
Faculty of Business, Economics and Law

Overview

Dr. Rand Low is an UQBS Honorary Fellow, and is currently based in Wall St, Manhattan, New York City.

Rand has undergraduate double-degrees in a Bachelors of Engineering (Mechatronics) and Bachelors of Computer Science at the University of Melbourne. He achieved a 1st class honours and received a Final Year Projects - Meridian Award in ‘Design & Implementation’. Rand also received a Faculty of Engineering and Melbourne Abroad Scholarships where he spent a year in Canada at McGill University and the University of British Columbia.

Rand’s work experience includes being an engineer and project manager for Honeywell, a major US engineering & technology conglomerate. Rand was responsible for the delivery and successful implementation of cutting-edge security systems, environmental control systems, and building management interfaces in iconic projects across Brisbane and Queensland. Rand achieved Chartered Professional Engineer (CPEng) and holds a Lean Six Sigma Green belt qualification. He received an Asia-Pacific Technical Excellence Champion award for optimizing engineering design processes.

During his PhD candidature, Rand has made over 25 presentations on his research on portfolio optimization and correlation modelling at academic conferences, university workshops, hedge funds, proprietary trading firms in the US, UK, Europe, and Australia. He has received ‘Best Paper in Finance’ at the 4th IAFDS conference, UQ 3MT BEL Faculty & People’s choice winner, and GSITA grant that supported him as a Visiting Scholar at the University of Strathclyde in Glasgow, UK in 2011.

Rand received a 3-year postdoctoral research grant from the University of Queensland graduate school and pursued his interests in investigating techniques for minimizing investment risk during financial crises. He received an Australia Award - Endeavour Fellowship and continued his postdoctoral research at New York University - Stern School of Business. As an academic mentor, he also led UQ's undergraduate CFA team to an national #2 position in Australia in both 2014 and 2015.

Rand is currently based in New York with one of the largest US-based Global Systemically Important Banks (G-SIB) and continues to be affiliated to the UQ Business School as an Honorary Fellow. He aspires to bring his Wall St experience back to Australia, and to engage with both postgraduate and undergraduate students of the unlimited possibilities of a UQ education. Rand is a UQ BEL Faculty Alumni Ambassador and is happy to meet with prospective, current and UQ alumni in NYC. Rand has also worked and published with academics in research areas of interest to the banking industry.

Research Interests

  • Correlation (dependence) modelling of financial time series with copulas and vine copulas.
  • Evaluation and back-testing of portfolio optimization, risk management, and risk-parity investment strategies.
  • Evaluation of financial systemic risk in hedge funds, banks, and commodities.
  • Insulating investment portfolios from downside exposure.
  • ‘Big Data’ analysis to generate alpha signals and trading opportunities.

Research Impacts

Rand won a 3-year postdoctoral research grant investigating the areas of portfolio and risk management for financial crises. As a UQ Postdoctoral Research Fellow, his areas of research involved fund performance evaluation, financial econometrics, correlation and volatility modelling, portfolio optimization for risk minimization, and trading strategies.

In student engagement, Rand has successfully led the UQ CFA team into the National Chartered Financial Analysts (CFA) Challenge to the finals in both 2014 & 2015 where the UQ team came in an over all #2 nationally.

In 2015/2016, Rand received an Australia Award - Endeavour Research Fellowship and continued his Postdoctoral Research at the New York University - Stern School of Business. Rand worked with Prof. Anthony Lynch and Prof. Andrew Patton on implementing copulas with dynamic portfolio optimization. During this time, he contributed his copula code towards the V-lab (http://vlab.stern.nyu.edu/en/ ) of the Volatility Institute headed by Nobel Prize winner Prof. Robert Engle. During this time, he was also proudly supported by the Australian Institute of Business and Economics (AIBE).

Based on his skills and knowledge in the use of copulas in portfolio optimization and risk management applications, Rand now applies his research expertise in Enterprise Risk with a US-based Global Systemically Important Bank (G-SIB).

Qualifications

  • Doctor of Philosophy, The University of Queensland

Publications

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Grants

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Supervision

  • Doctor Philosophy

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Available Projects

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Publications

Featured Publications

Journal Article

Other Outputs

Grants (Administered at UQ)

PhD and MPhil Supervision

Current Supervision

  • Doctor Philosophy — Associate Advisor

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Possible Research Projects

Note for students: The possible research projects listed on this page may not be comprehensive or up to date. Always feel free to contact the staff for more information, and also with your own research ideas.