Faculty News
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Professor Menachem Brenner's research on the development of a volatility index is highlighted
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![Investor Wired logo Investor Wired logo](/sites/default/files/styles/192w_x_144h/public/assets/images/investorwired.jpg?h=cd55d432&itok=xnIZxIkp)
Excerpt from Investor Wired -- "The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Prof. Menachem Brenner and Prof. Dan Galai in 1986. Professors Brenner and Galai published their research in the academic article 'New Financial Instruments for Hedging Changes in Volatility,' which appeared in the July/August 1989 issue of Financial Analysts Journal."
Faculty News
—
![Investor Wired logo Investor Wired logo](/sites/default/files/styles/192w_x_144h/public/assets/images/investorwired.jpg?h=cd55d432&itok=xnIZxIkp)
Excerpt from Investor Wired -- "The idea of a volatility index, and financial instruments based on such an index, was first developed and described by Prof. Menachem Brenner and Prof. Dan Galai in 1986. Professors Brenner and Galai published their research in the academic article 'New Financial Instruments for Hedging Changes in Volatility,' which appeared in the July/August 1989 issue of Financial Analysts Journal."