RiXtrema Expands Tail Risk Research Capabilities
NEW YORK, March 27, 2013 /PRNewswire/ — RiXtrema, Inc. (www.rixtrema.com), a leading risk management modeling and software provider to the investment management industry, is pleased to announce today the addition of Dr. Yaacov Kopeliovich and Dr. Barry Schachter to the research team.
Dr. Kopeliovich, who joins RiXtrema as a Director of Research, has extensive experience with the real world behavior of complex financial instruments during crisis events. “Yaacov’s mathematical background, his derivative experience at MEAG and his focus on overcoming the deficiencies of traditional investment models make him an invaluable asset to RiXtrema as we continue to build state-of-the-art tail risk systems for the 21(st) century,” stated Daniel Satchkov, RiXtrema’s President and Founder.
Dr. Kopeliovich added, “I am delighted to have joined such an impressive firm and a superb cast of innovative, dedicated, and ethical individuals. I very much look forward to helping the asset management industry in attaining a deeper understanding and better management of tail risks.”
Dr. Schachter, who is assuming a Senior Advisor role on RiXtrema’s Scientific Advisory Board, is a legendary risk manager who brings with him a wealth of experience, having spent his career leading risk groups at a number of prominent hedge funds, including most recently as a Chief Risk Officer at Woodbine Capital Advisors. Dr. Schachter said, “RiXtrema is truly unique in its approach to risk analysis, and I am excited to have the opportunity to bring new and exciting research into everyday risk management practice.”
Mr. Satchkov shared his thoughts on the addition of Dr. Schachter to the RiXtrema team, “Barry shares our desire for innovation in risk analysis. His research and practical expertise will be applied to developing new uses for groundbreaking products like RiXtrema’s Reverse Stress Testing. He will join experts like Dr. Jon Danielsson of LSE in working closely with Dr. Kopeliovich and the rest of the research team to provide a fresh look at tail risks facing the asset managers.”
Dr. Schachter received his M.A. and Ph.D. from Cornell University, and received his BS from Bentley University. Additionally, he currently serves on the Editorial Board of the Journal of Derivatives and maintains one of the longest running risk websites at Gloria-Mundi.com. He is also a Fellow of the Program in Mathematics in Finance at NYU’s Courant Institute and a Research Associate at the EDHEC Business School.
Dr. Kopeliovich received his Masters in Financial Engineering from the Hass School of Business at the University of California, Berkley, his B.S., M.S. and Ph. D. in Mathematics from Hebrew University, Jerusalem, Israel and is currently studying for his Ph. D. in Finance from EDHEC Business School, Nice, France.
About RiXtrema, Inc.
based in New York, is a risk management modeling and software provider to the investment management industry. RiXtrema works with pension plans and consultants, mutual funds, hedge funds, funds of funds and other asset managers to implement and support a carefully structured risk management process focusing on diversification in periods of extreme volatility.
SOURCE RiXtrema, Inc.