US - Philippe Jorion has joined the US$7.4bn Pacific Alternative Asset Management Company (PAAMCO), a director in the firm's risk management group.
Jorion will be based in PAAMCO’s Irvine office, and will focus on further enhancing both the fund of hedge funds company’s risk management processes and infrastructure.
Jorion’s primary focus will be on the analysis and valuation of complex security types and new markets.
“Risk management has never been as important to investors as it is today given the increasing complexity of the world’s financial markets,” said Jorion.
Jorion is the chancellor’s professor of finance at the Paul Merage School of Business at the University of California at Irvine.
Professor Jorion holds an M.B.A. and a Ph.D. from the University of Chicago, and a degree in engineering from the University of Brussels.
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