Dr Rand Low

Honorary Senior Fellow

School of Business
Faculty of Business, Economics and Law

Overview

Rand Low is an Associate Professor of Quantitative Finance at Bond Business School and Honorary Senior Fellow at the University of Queensland.

Professor Low’s research areas are in portfolio optimization, risk management, systematic trading strategies and multi-asset investing strategies. His work has been published in leading academic and industry journals such as Journal of Banking & Finance, Quantitative Finance, Journal of Empirical Finance, Journal of Investing, and Journal of Risk.

Prior to his PhD, Professor Low worked in control systems engineering and management roles for Honeywell and is a Chartered Professional Engineer. Upon completing his PhD, he won a 3-year postdoctoral research grant on portfolio optimization & risk management techniques for financial crisis and was a recipient of the Australia Awards - Endeavour fellowship. He has been a visiting research fellow at the New York University - Stern School of Business.

Professor Low has worked at the global headquarters of Bank of America Merrill Lynch and BlackRock in New York City. He guided teams of quantitative analysts in building mathematical models for market/credit/operational risk, securities lending, structured products, asset-backed securities, and portfolio management. Professor Low has also defended quantitative model development practices on behalf of these institutions to US regulators such as the Federal Reserve (FED) and the Office of the Comptroller of Currency (OCC). He is familiar with stress-testing and model risk management practices such as model validation and governance for large financial institutions.

Professor Low’s current research projects include corporate credit ratings, robo-advisors, merger-arbitrage, and digital assets. He is interested in applying statistical and machine learning techniques in automating business processes and investments management.

Research Interests

  • Multi-asset portfolio optimization (Commodities, Fixed Income, Private Equity)
  • Dependence modelling for financial crises (Vine copulas, Factor copulas)
  • Digital assets & cryptocurrency (Ethereum, Stablecoin, Privatecoin)
  • Credit risk, market risk & operational risk (PD/LGD/EAD, VaR/CVaR)
  • Systematic trading strategies (Factor-Investing, Event-Driven)

Research Impacts

In public engagement, Professor Low has frequently contributed his academic and industry insights into topical issues in financial markets, investing and retirement with national newspapers and trade publications (e.g., Courier Mail, Australian Stock Exchange, Singapore Diamond Investment Exchange).

In student engagement, he 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. His research students are working in the asset management and investments industry.

Based on Professor Low's research expertise in the application of copulas in portfolio optimization and risk management, he has led quantitative research & development teams in the world's pre-eminent buy-side and sell-side financial institutions in Manhattan, NYC.

He is a consultant and advisor to financial technology firms such such as BitOrb (Digital Assets Derivatives Exchange) and the Australian Bond Exchange (Fixed Income Products Exchange).

Qualifications

  • Doctor of Philosophy, The University of Queensland

Publications

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Grants

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Supervision

  • Doctor Philosophy

  • Doctor Philosophy

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Available Projects

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Publications

Featured Publications

Book Chapter

  • Low, Rand Kwong Yew, Alcock, Jamie, Faff, Robert and Brailsford, Timothy (2018). Canonical vine copulas in the context of modern portfolio management : are they worth it?. Asymmetric dependence in finance : diversification, correlation and portfolio management in market downturns. (pp. 263-289) edited by Jamie Alcock and Stephen Satchell. Chichester, West Sussex, United Kingdom: John Wiley & Sons. doi: 10.1002/9781119288992.ch11

Journal Article

Other Outputs

Grants (Administered at UQ)

PhD and MPhil Supervision

Current Supervision

  • Doctor Philosophy — Associate Advisor

    Other advisors:

  • Doctor Philosophy — Associate Advisor

    Other advisors:

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.