Advancing the Field of Quantitative Finance
formerly the IAFE


Event: IAFE/SunGard Financial Engineer of the Year Award Dinner
Date: February 4
Time: 6:30 pm to 10:30 pm
United Nations

Description: The Financial Engineer of the Year Award Gala Dinner, was held again this year at the stunning Delegates’ Dining Room and West Terrace at the United Nations in New York City.

This year’s honoree was Dr. Jonathan Ingersoll, the 2002 recipient of the IAFE/SunGard Financial Engineer of the Year Award. Dr. Ingersoll is the Adrian C. Israel Professor of International Trade & Finance at the Yale School of Management. The FEOY Award recognizes individual contributions to the advancement of financial engineering. As the tenth recipient of the award since its inception in 1993, Dr. Ingersoll joins a prestigious list of previous award winners.

Close to 300 people gathered to honor Dr. Ingersoll’s achievements in the field of financial engineering and celebrate his receipt of the Financial Engineer of the Year Award. The evening’s program was capped by his delightful thank you speech. Following the IAFE tradition, Dr. Ingersoll will give his main academic talk as the 2002 Financial Engineer of the Year at the IAFE’s Annual Conference, which will be held in Milan this upcoming June.

The dinner program also included a notable performance based Kent Osband’s book, IceBerg Risk. The selected excerpt focused on the trials of Dr. Dementi who, among the many psychological therapy products he has pioneered, is busy working on the therapy resort chain ClubMad. The New Jersey ClubMad is home to Bloom-again terminals - machines that have been ingeniously reengineered to allow users to turn back the clock and insert new data. His experience in finance has now led him into the business of helping traumatized traders “Lose that Loser’s Feeling.”

We were lucky to have Dr. Emanuel Derman, IAFE Senior Fellow, in the role of Dr. Dementi; Kent Osband as one of his unhappy patients; and Barbara Matthews (Institute of International Finance) as Dr. Ford, a mutual fund manager who has a job for Dr. Dementi. Tanya Styblo Beder (Caxton Associates), IAFE Chairman, was our kind narrator.

Our regular program of speakers continued the light-hearted spirit of the evening. David Rowe (SunGard) continued his annual tradition of a show-and-tell presentation with a display of a two-foot long slide rule. Dr. Emanuel Derman, who was also the Chairman of the Selection Committee for the 2002 Financial Engineer of the Year, presented remarks on the process behind the FEOY Award and ventured further to draw some unforgettable connections between the derivatives field and the current international scene. Steve Ross (MIT), IAFE Senior Fellow, introduced this year’s recipient with warm and insightful comments based on his own personal collaborations with Dr. Ingersoll.

Emanuel Derman´s Remarks

Steve Ross' Remarks

We were joined in our festivities by many leading companies: SunGard Trading & Risk Systems; AIG; Andrew Davidson & Co.; Bear Stearns & Co., Inc.; BlackRock Solutions; Borsa Italiana; Capital Market Risk Advisors; Caxton Associates, LLC; Deloitte & Touche LLP; Deutsche Bank Securities; Ernst & Young; Fimat USA, Inc.; Financial Insights; First Quadrant, L.P.; Goldman, Sachs & Co.; III Offshore Advisors; Instinet; International Securities Exchange, Inc.; JPMorgan Chase; Paloma Partners,; PricewaterhouseCoopers; RiskMetrics Group; Rothstein, Kass & Company; and Tremont Advisors.