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  1. Yan He

    Finance jobs in non-finance firms.

    Alain, actually saw some openning in physical commodity trading firms/compamies---they ask for quantitative/ risk management skills....if the hr/recuiters didn't copy & paste job descriptions from IBs :)
  2. Yan He

    Baruch MFE Baruch MFE - Jobs not involving C++

    Correct me if I am wrong. If you are planning to move from IT (BA) to quant role in IBs / hedge funds, MFE could be a good pathway------but nothing is guaranteed. Most real quant roles, if not require sold C++ programming skill, might ask for some other programming languages. As a matter of...
  3. Yan He

    Interview with Morgan Stanley - Summer Internship- help?

    Most of the group are hard core PHD's looking through models used in front desks and validate them. Since you are ME background, but basic idea of financial models are math/stat/stochastic...I think the questions are quite basic (also you have no relevant working experience). I do not work in...
  4. Yan He

    Interview with Morgan Stanley - Summer Internship- help?

    Is it Model Review under MRD? As far as I know they are expanding and the intern of summer 2009 from NYU finally got an offer from the group.
  5. Yan He

    Interview with Morgan Stanley - Summer Internship- help?

    It's really strange they MS did provide you which department that would send you for interview. You can send HR email to verify. Very hard to predict what kind of questions will be ask, the best preparation is to know every single bullet point you claimed on your CV. Good luck.
  6. Yan He

    Blackrock Solutions FMG vs Morgan Stanley Market Risk

    bonus wise, I don't think you should expect too much in Morgan Stanley in market risk ...at least the following one or two years. But the potential to move within firm is the main attraction.
  7. Yan He

    Blackrock Solutions FMG vs Morgan Stanley Market Risk

    I don't know about Blackrock. Which group gave you the offer in MS: portfolio risk anaysis or model review or research? and your title?
  8. Yan He

    questions on bond

    You are holding a relatively simple fixed income portfolio, to calculate your VAR, you can calculate your portfolio Dolar Duration and apply the confidentia leve you want.
  9. Yan He

    Quant life in Singapore

    Thanks. I was warned about this daily shower & 90 F already.
  10. Yan He

    Quant life in Singapore

    Well, at least the 14% tax rate and government sponsored housing for married couple are really attractive. The good side stories are all from so-call "expat" friends. I am going to check it out in 3-weeks :)
  11. Yan He

    Quant life in Singapore

    Indeed interesting article. Especially the two exam questions, remind me the happy old days in junior high. Talked to two or three headhunters in Singapore, they keep presenting me opennings in risk/operation/control kind of roles, telling me that there's redundancy in the supply in quant...
  12. Yan He

    Import data to Access

    Thanks for the reply. Was suprised this old thread emerged again. It was more than two years ago when I just started my intern with Citigroup. Yes, I had the procedures coded for external data imported to & from Access databased.
  13. Yan He

    A new strategy of getting a job

    The #1 DON'T for interview------lie. I don't agree this is "creativity". It's cheating and no matter how smart this guy is, lacking of integrity would eventually terminate his financial career. Has nothing to do with market condition.
  14. Yan He

    The Master Happy Birthday thread

    The gang got together in Globe last night....but that doesn't really count.
  15. Yan He

    The Master Happy Birthday thread

    Thanks a lot Andy. :)
  16. Yan He

    Hope for a future democratic China

    ------With my GC, I am accumulating more experiences now and Asia will eventually be my destination. Not simply believe I can get better life, but different life style and less cultural conflicting in my case.
  17. Yan He

    Hope for a future democratic China

    :) Opinions here always represent personal perspective. Feel free to blast, no one meant to label you to any category. I am "brainwashed" and I am fine with the progress the Communist party making and I do have faith with it. -----I do see & hear more negative side of stories about Chinese...
  18. Yan He

    number of CMU graduate

    About H1B, that I am not sure. Have to get update from HR.
  19. Yan He

    Hope for a future democratic China

    While Chinese are indifferent of their own situation, why so many are so converning of our "democratic", "liberation", "freedom',"......" Walk our own road, let others talk. :)
  20. Yan He

    Harvard's Bet on Interest Rate Rise Cost $500 Million to Exit

    Same story with COUTY OF JEFFERSON.
  21. Yan He

    number of CMU graduate

    Just overheard the hiring manager stepped out of his office and told us that, he got over 500 resumes so far after we posted the openning for 2-years analyst/associate program in Market Risk Dept. He said, "guess how many resumes from CMU? "------- ~200! Just curious, how many graduate...
  22. Yan He

    Hope for a future democratic China

    Born & raised in China, I came to US after finished my first master's. It's the eight years I've been staying in USA. So I think I should be qualified as "brainwashed", "highly educated" Chinese living overseas. (1) All these years I was first amazed and then got used to the freedom people in...
  23. Yan He

    2009 Goldman Sachs bonus: $700,000/employee

    If you listen to the the earnings conference yesterday, the speaker, David was really annoyed by questions regarding the compensation. They did a nice job this year so far and the hardworking employees deserve it. (I know too many people would disagree here :) )
  24. Yan He

    Tip for people: Get to LinkedIn. Quick.

    Too small sample size.
  25. Yan He

    what classes to take if seeking a potential risk management career

    Take the Risk Management if possible (correct me if I am wrong: I think most MFE program should have risk management class on the curriculum), and any class that would introduce pricing model and behavor of underlying assets would help.
  26. Yan He

    TARP repayment and H1 restrictions

    Never ask questions about benefit or sponsorship during interview. If they want you, they will take care of this.
  27. Yan He

    TARP repayment and H1 restrictions

    Andy, I think "legal status to work" in this situation is, no H1B sponsor needed. Have no idea if OPT considered "no sponsor needed", HR should have their own criteria. Yes, many firms are hiring, so does MS. But I think each firm has its own requirement about the legal status. :)
  28. Yan He

    TARP repayment and H1 restrictions

    I don't know how the regulation goes, but we repaid the trouble money in June but up till today HR still asks candidates with legal status to work only.
  29. Yan He

    The Master Happy Birthday thread

    Matt, happy birthday ;0
  30. Yan He

    The Master Happy Birthday thread

    Hey! Greg, happy birthday, again :)
  31. Yan He

    Job Openning: Market Risk Reporting Team

    The reporting team in Market Risk is in need of an Analyst---New York. Due to restriction for the TARP receipients, we can only take those do not need sponsor (sorry). Send me your resume ASAP..... Would refer Baruch MFE alum / students first. Yan.He@morganstanley.com
  32. Yan He

    Social Security & Medicare

    To show off Air Force One, they cost taxpayers around $300K for a stupid picture over that statute of woman with a torch in NYC, which could be simply made from at most $30 photoshop! If they don't collect more money from taxpayers, I don't think they can cover the "budget" by simply tax...
  33. Yan He

    Social Security & Medicare

    With raise in tax / contribution to which I might not be able to "benefit" yet have no choice-----my plan would be (1) be unemployed to avoid being sucked for my hard working & collecting unemployment benefits or food stamps; (2) buy lottery every week
  34. Yan He

    Clifford Asness VS Barack Obama

    "The President’s attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him. Why is he not calling on his party to “sacrifice” some campaign contributions, and votes, for the greater good? Shaking down lenders for the benefit of political...
  35. Yan He

    The Master Happy Birthday thread

    Happy Birthday Vadim ! :) Happy all the way......
  36. Yan He

    The Master Happy Birthday thread

    Happy Birthday Billy! Billly, happy birthday...everyday!:dance::dance::dance:
  37. Yan He

    Prof. Salih Neftci (1947-2009)

    Did you confirm this news?
  38. Yan He

    Prof. Salih Neftci (1947-2009)

    This is truly sad news. He is very intereting and I do enjoy his lectures and classes. So Sad.
  39. Yan He

    Housing in NYC non-Mahattan

    N train 8th Ave station is Chinatown in Brooklyn, you can try Bay Ridge, Kings Highway, they are all close to subway.
  40. Yan He

    Housing in NYC non-Mahattan

    If you don't mind spend extra money, agents should be a good choices. I would recommend you put down everyone on lease, to protect yourself. I always did----make everything clear before you move in and also in case of any dispute, you have the contract with you. It's normal practice to sign...
  41. Yan He

    Request to Administartors /Moderators or whatever...

    What difference does it make if I type gr8 or great.You yourself said that this community exists on a voluntary base.If a person is spending hi personal time to help someone out then he wouldnt care if the reply was great or gr8 . It sounds so childish that you feel that way.And no one types...
  42. Yan He

    Housing in NYC non-Mahattan

    Pick up a Tsing Dao Daily News, World Journal Daily, you will find tons of apt info there. If you will commute to downtown Manhattan, Brooklyn would be a good choice. It takes me about 40-45 mins from Brooklyn (two stops away from Chinatown in Brooklyn) and midtown office everyday. For $500 you...
  43. Yan He

    Request to Administartors /Moderators or whatever...

    For those of you who saw my posting a lot, I think I've already lost my patience to post for quite a while. Maybe I still think of QuantNet as the small community for Baruch MFE students to discuss homeworks/tools and after work social site, that cozy, small-town style small circle? We are all...
  44. Yan He

    Database for MFE internships

    What exactly do you need? The list of employers and companies that our students interned with? For the past three years that I browsed here, I don't recall we have any official database on QuantNet. Dan, the Director might have it, but not sure if he will share. I remembered back in 2007, we...
  45. Yan He

    The Master Happy Birthday thread

    Happy Birthday, Jimmy! Jimmy, happy bithday and best wishes!:)
  46. Yan He

    COMPARE FSU MSMF vs UC MSMF

    Never heard of any PHD program that prepares students as Trader, and haven't met a trader that holds PHD. Maybe my world is too small :)
  47. Yan He

    HeadHunters in current environment

    I got calls on my cell the passed two weeks from different headhunters, all claiming they have risk management opennings in "prestigeous" firms & banks----almost everyday. One of whom left called around 8:30am every morning 4 days in a row! I've removed my resume from the jobhunting websites...
  48. Yan He

    interview with morgan stanley

    Doesn't make sense. So why MS just hire locally? We have local office in Mumbai: don't need H1B sponsor, less pay, and speak fluent English.
  49. Yan He

    interview with morgan stanley

    If you were to read through that restrictions for TARP recipients to hire H1B workers, you will not find the explicit words that "H1B hiring is prohibited". As a matter of fact, we just interviewed some fresh graduats from NYU for an analyst position----most of them F1 holders. I don't think...
  50. Yan He

    interview with morgan stanley

    Maybe I got the wrong info? IDEAS just went though some re-structuring and 25% cut, they just let huge group of people...maybe make room for new blood?
  51. Yan He

    The Master Happy Birthday thread

    Happy birthday, Andy!
  52. Yan He

    A.I.G. Lists the Banks to Which It Paid Rescue Funds

    Well said, but where can we go ? I don't think Pa & Ma's Bakery store needs Stochatics/C++/Derivatives Pricing/...skills, neither does Maggie's Farm. I think the solution here is: (1) divorce the other part that make the income > $250K; (2) never...
  53. Yan He

    The Master Happy Birthday thread

    Jake, happy B-day and enjoy the long weekend!
  54. Yan He

    A.I.G. Lists the Banks to Which It Paid Rescue Funds

    U.S. President and taxpayers must hate the figure $250,000. :) Now it's on the way to be law! -------- 90% tax rate on bonus for those get more than $250,000. Good luck with Merill guys this year to keep the bonus. from Bloomberg------U.S. House Passes 90 Percent Tax on Employee Bonuses By...
  55. Yan He

    interview with morgan stanley

    IDEAS is a supporting group, more IT side. They are undergoing some changes. Just try your best, it's never harm to well perform yourself.
  56. Yan He

    interview with morgan stanley

    Under which division? As far as I know, Market Risk is hiring and we got decks of Merill resumes and candidates.
  57. Yan He

    int'l student placement at Baruch

    Rules for International Students/OPT/H1B change all the time. It was 12 months OPT & 185,000 quota/year when I had my H1B years ago. With the changing attitude towards foreign workers, I will expect policies will change again. So if you are not yet enroll even, don't worry too much about the...
  58. Yan He

    MBA Graduate Seeking FE Advice

    :) Maybe, Alain. One found out tha she was pregnant when got the offer, then she postpone, then screwd. Not sure about the other one. But I do see people moving around different positions here. :)
  59. Yan He

    MBA Graduate Seeking FE Advice

    Internal moves are far more difficult than external recruiting, as far as I see. Already been told by two friends that they screw with the current manager and get stuck where they are even get offers from their ideal/dream positions.
  60. Yan He

    The Master Happy Birthday thread

    Happy Birthday!
  61. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Was suprised when heard CNBS news last night using "socialist" to decribe the "YES, WE CAN" administration's way of "rescue". Would be really interesting to see how the "CORE" runs CITI after it put its hands in AIG. I don't think it's wise to throw more money for GM neither. Might be not bad...
  62. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    The headline from Bloomberg news is "the once biggest bank fell under $1"..... It was around $30 last Feb when I left Citi, my manager was joking that "..gonna hanging in here, my 401(K) ....." Don't know what happend to him. Nationalization by how? AIG is already too big to digest, if...
  63. Yan He

    New Kid in Town

    Welcome aboard Robert. You are the second PolyTech MFE I ever knew. It's not suprising to me that not many PolyTech students posts/contribute to QuantNet, since this QuantNet was set up and ran by MFE students in Baruch MFE program (Note, this is just a Bulletin Board among students, not...
  64. Yan He

    Sledding and hot chocolate!

    Oh really, they reached 1,000,000 already! I had mine last Friday. Sorry, didn't check the link.
  65. Yan He

    Sledding and hot chocolate!

    Talking about freebies, try this one. March 2, (today) is the last day. http://www.millionsubs.com/Reg.php
  66. Yan He

    Sledding and hot chocolate!

    Hmm, now these sound like Baruch MFE :)
  67. Yan He

    Part-time jobs @ NYC

    One of my friends who just shelled out $160K for an MBA in Wharton (student loan) is trying to find an internship for months. She'd been working on Street for about 3 years after her PHD in Econometrics. She would take any paid part-time I believe. Yes, it's tough even for part-time in...
  68. Yan He

    Part-time jobs @ NYC

    Yes, you are right. If you are willing to work UNPAIN, just work any hours you can inside or outside campus.
  69. Yan He

    Part-time jobs @ NYC

    About OPT (Optional Practical Training)----you can apply it AFTER you get your advanced degree in US. Optional Practical Training CPT: International Student City Immigration Center I believe many F1 students have to apply for CPT for internship while studying, with many limits, like hours...
  70. Yan He

    Part-time jobs @ NYC

    Theoretically, it's illegal for F1 holder to work outside campus---except for working with CPT/OPT. There are examples that who working full time and enrolling as full-time student, and didn't screw the grades/study.
  71. Yan He

    Paintball!

    Indeed indoor is less exciting if you are talking about the one right beside LaGuadia Community University. And that site was converted from a warehouse, would be really "pain" if you don't put on thick enough outfitter. My last painball game left me some bruise lasting for months!! But so...
  72. Yan He

    U.S. Military Will Offer Path to Citizenship for foreign students

    Oh, well. So why don't we have requirement for "MADE IN AMERICA" here? Will this make the "work conditions" worse for American born soldiers ? I think H1Bs have no advantage or better skills than American here. Might be a short cut for F1's....
  73. Yan He

    Senate approves restriction on foreign hires by banks receiving bailout

    Whatever this big O can veto or not, I think for most visit this website, escpecially current students, H1B applicants (or to-be's) don't really need to worry too much. 1. First of all, unless there's LAW that requires all industries to use/hire "Made in USA" only, otherwise, think about it...
  74. Yan He

    Do not destroy the essential catalyst of risk

    (Interesting article from FT, just in case you don't have access, I post it here) Do not destroy the essential catalyst of risk By Lloyd Blankfein Published: February 8 2009 16:53 | Last updated: February 8 2009 16:53 Since the spring, and most acutely this autumn, a global contagion of...
  75. Yan He

    Senate approves restriction on foreign hires by banks receiving bailout

    I'm always amused to listen to the arguments of fat-cat employers who insist on higher quotas for migrant workers, pleading their companies can't survive without access to the global talent pool, claiming there aren't enough American workers. What they really mean is there aren't enough American...
  76. Yan He

    Senate approves restriction on foreign hires by banks receiving bailout

    Still that question to be asked: " For IT, why companies hire H1B over US citizen?" Is that ture employers prefer foreign works?" And, do we have a statistics about how much of this TARP money came from the huge tax these advanced skilled workers salary?
  77. Yan He

    Senate approves restriction on foreign hires by banks receiving bailout

    I don't want to comment on what politicians really concern. I think whoever think the US economy is deteriorated by foreign workers is quite offtrack from reality. Though I won't be affected by this stupid bill (?) over 60% of our department (80% of some groups are H1B holders or Green Card...
  78. Yan He

    Credit Suisse Bonus Packages

    This is not outdated at all. Exactly THIS YEAR, a lumber factory in south China, gave out their most luxury coffins (their own products) to workers as bonus. CS is not creative at all!
  79. Yan He

    The Master Happy Birthday thread

    Happy Birthday, Chris. :)
  80. Yan He

    Alternative career after Wall Street

    Housewife! The most simple solution for layoff from the Street.
  81. Yan He

    Quants partly responsible for the crisis?

    Let's blame the inventor of gun (powder) which lead to death of millions (if not trillion).:-k
  82. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    I think what Thain requested is the recognition of "saver of Merill" ...$10MM shouldn't be a big deal for him.
  83. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Merrill's Thain, Morgan Stanley's Mack Will Forgo Bonuses - WSJ.com An hour after Mack forgo the second year bonus, Thain gave up!
  84. Yan He

    Wall St jobs axe threatens 70,000

    It's tough job market now. While there's still hiring I am sure. We just hired one PHD girl, and today anouncement came, we just took back a Risk Manager from Lehman, (well, former Lehman), who left two years ago to join Lehman. I think there must be these hiring and -rehiring happen in other...
  85. Yan He

    RSVP: Black Friday midnight shopping trip

    Can't do anything, have to work today :( I think deals will last after Thanksgiving. Found out I am really cautious in shopping recently (I often think of myself a shoppingmania) to keep my cash position.
  86. Yan He

    Voting is today

    Thanks for reminder: THIS IS A QUANT FORUM!;)
  87. Yan He

    Voting is today

    :) HOW? Did you look at detail about how the capital gain and dividen income tax will change for >200K & $250K? Maybe you are OK to cook more home and donate that 3% to homeless when you can make $250K. But what about those far far more than >$250K? OK, I don't care about this part of population...
  88. Yan He

    Cost of living in NYC- a break down

    But they were there in the middle of night...when 311 reacts, it might have been days later. And can I report my VAMPIRE neightbors too?:prayer:
  89. Yan He

    Cost of living in NYC- a break down

    I think you'd better avoid some specific area in Lower East Side, Manhattan: Rivington Street cross Alan. ;) 1. I moved in Feb 2008. So far there are 3 people killed around 3 block radius. 2. Homeless people would sing and curse all night long in summer time (there is a park feet away); some...
  90. Yan He

    Another Bloody Round of Financial Sector Plunge

    DOW started with around 500 point down around opening bell. Another ugly Friday. :-ss
  91. Yan He

    The Master Happy Birthday thread

    Thanks. Woody. I thought Billy mentioned some "walk" or "BBQ" in Alain's backyard with T-Boy playing around. Actually ran into a co-worker of Morgan Stanley in AC the last time I went there. And he told me he spotted me on one Blackjack table :) Don't how what's the plan yet. What are the gangs...
  92. Yan He

    The party's not over yet -- for some

    Sounds like people really hate big bonus on the Street, that it's time to stop it ?! More silimar articles can be found everywhere. There's a "Frank" guy advocates freeze of bonus on Street. Just wonder did he ever bring home a big bonus.
  93. Yan He

    Credit-Rating Companies `Sold Soul,' Employees Said

    Yet their Bxxx Sxxx can still move the market a lot! The system itself is ridiculous: is it possible to "rate" independently with huge fee from clients. :-k Won't they also take responsibility for the falling too?
  94. Yan He

    Voting is today

    I do mind, if the guy stay two terms, we will have to pay $7871 more tax each year under his policy, for least 4-years! Yet the "well-educated" one somehow hasn't persuade me how can he assure we can stay safe in our current job.
  95. Yan He

    Voting is today

    :) Andy, how much what these candidates promise now would realize later on is still a problem. Yes, one MFE alum alone in the first 1-2 years graduation may not impact by O's plan. But think about household with double income. It's very easy to get hit by this plan. Adam, understand...
  96. Yan He

    Voting is today

    **************************** Just doubt how much influence a VP could have. But, sorry, I don't want an increase of my tax rate...too much. Under O's plan, it's reasonable to rip people earning >$250,000. What's wrong with the household earning that amount? It's also hard and honest money.
  97. Yan He

    SIG phone interview

    Don't have interview experience with this SIG firm, can't share too much. Usually, what you've claimed on your resume is where people start. Make sure every bullet point listed, you can explain in detail. About brainteaser, prob quiz...all depends on the people who is gong to interview you. But...
  98. Yan He

    SIG phone interview

    You need to give more information here about the company and position. :)
  99. Yan He

    QuantNet Hiking

    Can't do it this weekend but will join a huge group to hike Monhonk next weekend. :)
  100. Yan He

    The Master Happy Birthday thread

    Happy Birthday, Bob Bob, happy birthday! Wish you (Mia and Karen) the best.:)
  101. Yan He

    How to Ruin the U.S. Economy

    "CHANGE" that I am asked for several times on the subway to & from work :) Well, maybe you can add one more: RUMOR! A small piece of article from nowhere saying the Japanese will retreat the deal, our stock wen down 30% ...which draw down the index a lot.
  102. Yan He

    A guide to job hunting during interesting times

    ;) You got it, Max. We just got a Chinese girl for Models Review Quant team started yesterday. Saw an Indian guy came in 8:30 am this morning waiting for interview for the IT support team. Should I go for them to collect GUIDE ?
  103. Yan He

    A guide to job hunting during interesting times

    Opened, empty file :(
  104. Yan He

    DOW is under 10,000 today

    DOW down 729 point and is 9,595,81 right now! Another historical day of the Street?! Are we bailed out or just sink more?:wall
  105. Yan He

    The Bailout Plan

    Went to Citi Bank branch around Rockefeller Center yesterday, and saw a huge sign at the entrance: "We are taking Wachovia accounts business.......". I thought it's a done deal already. For $15.1 B Wachovia jumped into the bed of Wells Fargo over night! At opening bell, Citi dropped and Wachovia...
  106. Yan He

    Risk Management Community?

    Check this out. GARP : Global Association of Risk Professionals They have community, but not sure if it looks like Quantnet or not. Though work in Risk Management, I never sign up this one, nor take the exams. Good luck.
  107. Yan He

    The Bailout Plan

    Just now, a Risk Manager stepped over just chitchat about the plan. He kind of joked that "I think overall population, people without 401K is more than people with it....., Republican is very nervous in voting against most constituents.." Then a Shanghainese guy sitting beside my cube said: "I...
  108. Yan He

    The Bailout Plan

    This bailout is not for MS :) Everybody down in two digits today...UBS, CS, MS, GS.....
  109. Yan He

    The Bailout Plan

    Market's reaction to this bailout is just unreasoable as it can be: simply slumped no matter the plan being passed or rejected. We paid out tax anyway, and in stead of seeing it being used to bomb other countries, I would rather it could possibly save more people from unemployed by bail those...
  110. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Sounds like you have insider news that we don't know :) Jamie Dimon is certainly the big winner here. He wanted to take over WaMu in March for $4/share. Now, he can just cherry-pick the deposits wihout taking the liabilities!!! I was wondering for the past 2-3 days, all in a sudden, Wall...
  111. Yan He

    QuantNet Picnic In Central Park on Sat 9/20

    Wow...B&W pics look really amazing.
  112. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Bye, WaMu. Next! Who is next?!!
  113. Yan He

    QuantNet Hiking

    I would suggest we go to FAT CAT instead. The Billiard/Live Jazz/Ping Pong/Foo Ball/Chest place is really nice, and the price is suprisingly reasonable with respect to it's location in West Village! It's right beside subway and closes to the great bars and restaurants, and movie theater :) And...
  114. Yan He

    QuantNet Hiking

    There was one time, when about 30 Chinese went hiking in Vermont. We camped around a lake after about 6-7 hours drive, and planned to hike second day morning, since it's a 16-mile trail and the hill is kind of steep. The night we camped suddenly poured like hell. Listening to the water...
  115. Yan He

    QuantNet Picnic In Central Park on Sat 9/20

    Oh...I haven't got the chance to PHOTOSHOP myself on the group picture...will post it soon.
  116. Yan He

    QuantNet Hiking

    Greg just announced a class on this coming Sat. I think no current student would hike this weekend.
  117. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Trim off overlapping business after merge/takeover is for sure :) JPMorgan turned out to cut 60% of Bear's and around 4,000 of itself. The street can expect to see more after this wave of failure, bancurpcy, takeover, merge.....
  118. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    Yes, that's why former Lehman employees in Europe were so mad of: after they wired a huge amount of money to New York, they are facing the situation that not sure if they can get the paycheck of Sept, while NY headquarter anounced that those who stay with Barclay will get 100% of last year...
  119. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    Some people did suggest to go private in the Town Hall week ago, since we got enough capital to buy-back. But just as Alain said, it's too big to finish the deal. Disappear of the big bonues----isn't it what the world expected? by take down GS and MS...., or IB as a whole :)
  120. Yan He

    QuantNet Hiking

    Are Jake and Sarah going to hike with little sam too...:) Last time I hiked was Bear Mountain, it took me 4 hours to get to one of the hill tops while everyone already there having their lunch....about 20 mins rest, we got back----hence I hated the idea of hiking:what's the point of climbing so...
  121. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    That's what MS's next step: to make nationalized of Utah Bank....instead of merge with Wachovia...:)
  122. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    Check MS Utah Industrial Bank, which has been existing for years....one of our retail bank, if you want to open account with Morgan Stanley. :dance:
  123. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    I don't see this "shift from high networth individual to retail" :) But I may expect an expand/strengthen of our retail business. With the alliance with Mitsubishi, more complication is added to this situation now :):)
  124. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    FED regulated as I can see now for MS, is the regulation for our Utah Bank. Not sure if this regulation would affect to what extend the leverage level and other aspects of business.
  125. Yan He

    QuantNet Hiking

    I am interested in the "brunch" part of it. And to be honest, I already returned what I learnt from Mona to her :( Maybe Jing can help as PHD in Stat. :)
  126. Yan He

    Fed Allows Goldman, Morgan Stanley to Become Banks

    http://bloomberg.com/apps/news?pid=20601087&sid=avXkDayu9Geg&refer=home I understand that this approval will give GS and MS access to Fed loan like other banks, but still not sure how it would affect other aspects of the business: like the ratio of risk adjusted capital...ect. ??
  127. Yan He

    QuantNet Picnic In Central Park on Sat 9/20

    Andy, come on, we are not that old (though the second generation already growing strong) :) Woody, Andrea, Russian Mike, Jing and me just finished one more hour Ping Pong in West Village.....
  128. Yan He

    The Master Happy Birthday thread

    SHENG RI LUAI LE! Happy All the Way!
  129. Yan He

    Morgan Stanley considers merger

    Survived the turmoil :) I think what follows should be more strict regulations... LEH employees look fine since the official of Barclay buy... 10,000 might what percentage of NY employees?
  130. Yan He

    Morgan Stanley considers merger

    Tax-payer ?
  131. Yan He

    Morgan Stanley considers merger

    Really a tough day for us here: everyone check Bloomberg almost every mins :) though we are more confident after this morning's Town Hall held by John Mack. MS went down to $11.6 around noon when the whole floor were quiet and holding breath. Is this Resolution Trust Fund going to save the...
  132. Yan He

    Morgan Stanley considers merger

    Stocks To Watch Today : Morgan Stanley Down 34%; CNBC Stokes Merger Rumors Let's see how it will go :)
  133. Yan He

    Morgan Stanley considers merger

    If you have one day left ever to short selling, or to close to short position, what are you going to do? work hard to lower the target stock price---->... :)
  134. Yan He

    Morgan Stanley considers merger

    We are in the midest of a market contrilled by fears and rumors, and the short-selling is driving down the stock prices... :)
  135. Yan He

    Morgan Stanley considers merger

    Just wonder where did you guys get this information :) Maybe I am just working too hard to notice ;) Not even heard about this on trading floor, at least on Fixed Income. John Mack is smart...but I don't see WaMu is a good choice now if there's a possible. :)
  136. Yan He

    Goldman has posted its worst quarter since going public.

    At tax-payers courtesy, AIG got the $85B loan to stay afloat ...... and $250MM for IBd of Lehman, Barclay certainly gets a deal as long as it can digests ;) At least save thousands of employees of Lehman, though don't know how many yet. Finally, some good news :)
  137. Yan He

    Goldman has posted its worst quarter since going public.

    http://bloomberg.com/apps/news?pid=20601087&sid=aLyZfgYKRW6o&refer=home I think tomorrow you can see more detailed reports about 3Q for Morgan Stanley. 7% fell down compared with 3Q of last year, under this turmoil is really impressive, when I first saw the number week ago :) Will see how...
  138. Yan He

    Bad time to get into financials?

    As Andy said, it's not an easy time to seek an entry level quantitative job now. But it's good time to pick out the best from competitors. We just had a Market Review meeting. In the 15 mins briefing, except for assuring that we are in very good shape (sorry to say that, but with our...
  139. Yan He

    Goldman has posted its worst quarter since going public.

    Morgan Stanley is going to publish 3rd Q tomorrow. Among the fear of collaps and doubts about IB & Brokerage, GS and MS stocks drop today. This morning, I was standing in front of the windows of our lounge sipping my coffee, which right face Lehman headquaters, I can see clearly people...
  140. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    So who will have the hope then ? :) There are always time that things go up and down. I don't think the re-shuffle of Wall Street will wipe out Quant as a profession, nor Structured Finance. Just concentrate at learning new stuff if you are still at school, or work harder/smarter if you are...
  141. Yan He

    QuantNet Picnic In Central Park on Sat 9/20

    Billy, is it possible to post a list here, like what/how many we need, so that we can pick the items that we can help?
  142. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    So Lehman is about to filing banrupcy, and ML will be part of BoA? Any update for WaMu? Can't imagine how would it look like when market open tomorrow...
  143. Yan He

    The Master Happy Birthday thread

    Alain, Happy Birthday!
  144. Yan He

    Lehman Merrill Lynch AIG Fannie Freddie WaMu Madoff Citibank saga

    JP Morgan is the only one goes up today. More and more reporters across the street, looks like there will be big news to be announced today?
  145. Yan He

    I LOVE NEW YORK thread

    There is a "famous" quote from an old movie: "If you love him, bring him to New York, 'cause it's Heaven; if you hate him, bring him to New York, 'cause it's hell." :) If a city can be angel and devil at the same time, it's a magic city. And it's New York City. I would love it when I am still...
  146. Yan He

    Not interested in being a Quant, but want a MFE...

    It's your own choice if you can put that serious money/time/energy for MFE for "intellectual reasons" :) MFE is not the only way to Quant, and Quants are not just MFE. As a matter of fact, most real quant positions requires a PHD --- at least the "real" quants I see on our floor. Many...
  147. Yan He

    QuantNet Picnic In Central Park on Sat 9/20

    Billy, better put the location here, since many of new students do not know where it is. :)
  148. Yan He

    Non Degeree Courses

    :) Andy, Alain, all these statements are really scary. But I have to admit, that's what it is. Dan did invited some prospective students to sit in one or two classes, just to give them some flavor of what MFE is. I think Logicz should talk to Dan to sit in for one or two if possible, so that he...
  149. Yan He

    Drinks after class Thursday

    Baruch has the great location for nice bars. Check Third Ave :) Hairy Monk, BUll's Tavern, Tonic....a whole bunch of them.:)
  150. Yan He

    Quantnet Picnic in Central Park

    Andy, can you also add "both dates" and "none of the dates" so that we have more choices :)
  151. Yan He

    Quantnet Picnic in Central Park

    Either date works for me.
  152. Yan He

    Drinks after class Thursday

    Looks like this tradition is well kept in Quantnetwork :)
  153. Yan He

    Financial Engineering Search Portal

    :) actually "Kappa" is the standard term being used here by traders, analyst, senior management....And I googled, didn't get any information. After asked one risk monitor on the floor, he told me this is the sensitivity to vol :) :D
  154. Yan He

    Multiple Period Gaussian materials

    Is there any course now cover this topic? We are shifting from Sinlge Period Gaussian Jump to Default Model to Multiple Period Model now. I remember Greg talked a little bit about it two year ago in our Risk Mangement class. Wonder any there course would cover in more detail. Or anyone has any...
  155. Yan He

    Financial Engineering Search Portal

    :) Funny, vega is called Kappa in my company...I was scared when I first joined and saw this sensitivity, how come I never seen it before .... is our MFE program enough...:)
  156. Yan He

    New Jobs for Wall Street Jobless

    Anittah, When Mr. Vikram Pandit shut down the hedge funds end of Feb, I just moved into my Lower East Side apt., the only thing bothered me at that time is my rent :) Well, since too many takeout restrants and barber shops, bakeries around, I figured out I had to concentrate in financial jobs...
  157. Yan He

    Hull's book

    Hull's copyright income will be dramatically decreased if you keep advertising the "International Version" :) Hull's book systematically introduces the derivative products and the very classical/basic ideas of pricing models. After Shreve and Baxter, I think Hull's is a good one for a general...
  158. Yan He

    New Jobs for Wall Street Jobless

    Copied this from Bloomberg. Just wonder what can I do if I am jobless :) Takeout restaurant is by no way to be a choice----too many cheap Chinese rest. around every corner of the city. :(:D _________________________________________ Wall Street's Jobless Try Cupcakes, Cheap Haircuts, Maybe...
  159. Yan He

    internships in risk managment

    I got my two interns (Spring/Summer) though school career service. I don't think recruiters will help in internship, you can always try. Company website works for me. I saw the opening in April, applied on the website, got phone calls from HR, then interview, interview, interview, ...., then...
  160. Yan He

    internships in risk managment

    Did you ever try ? :) If you can post here for help, why don't you go to company websites? But as I said, time for recuiting intern already far too late, unless you want to apply for next summer.
  161. Yan He

    internships in risk managment

    Our summer interns will leave next week. I think methodology group will keep the PHD who does pretty well here. It's too late for summer internship anyway. I think internship is really important, at least for me, who didn't have relevant experience at all. But some of students landed their...
  162. Yan He

    credit card defaults

    It is true that spread of Credit Card Master Trusts is huge ( though I like should compare with LIBOR, say around 7%, but it's still a big one). Those wrotedown by Citi are basically IO, which is no other than cash flows. With increasing number of deliquency in the pool, this Equity Tranch got...
  163. Yan He

    Cost of living in NYC- a break down

    Couple with infant, you need at least one br, or if you are lucky to find someone doesn't mind to share-----that would be around $1000. NJ/Brooklyn/Queens would be good choices, but since all our classes end very late of the day, public transportation will be less frequent compared with daytime...
  164. Yan He

    Who actually uses econometrics?

    Our Methodology team uses Econometric for VaR model. Risk Management, sell side
  165. Yan He

    Summer 2008 Midtown Lunch/dinner thread

    Network lunch should be a good idea. I am thinking of a place that close to subway and as a center of our office locations as well, so that we can get more people to join. Any suggestions / ideas are welcome. Friday would be an ideal day for me...but will try to make others.
  166. Yan He

    Summer 2008 Midtown Lunch/dinner thread

    When should we have a summer networking lunch without loud "cursing" in the public again ? ;)
  167. Yan He

    Is there a Low Stress Quant job?

    Rawger, actually you will find how resourceful this websit is after your explore more ------all thanks to our admin Andy :) (though he is taking maternity leave from Quantnet currently) http://quantnet.com/forum/showthread.php?t=1336:)
  168. Yan He

    Credit Valuation Adjustment

    Does anyone has any information about this Credit Valuation Adjustment ? It should be a new risk factor added in the calculation of credit charge for FI. -Simplified Formulas CVA=-Average Discounted Exposure * spread * Tenor CVA=-Average Discounted Exposure * expected Loss Do you hear...
  169. Yan He

    Is there a Low Stress Quant job?

    Claudewang, if you are SERIOUSLY want to know, I think some introduction books here would help. After reading these stories, you will get a VIVID picture in your head how quants work in almost 12 STRESSFUL HOURS a day. Enjoy !!! :) * CAREER/JOB INTERVIEW GUIDES 1) What do quant do ? A guide by...
  170. Yan He

    Is there a Low Stress Quant job?

    hskk, If you find one, please tell me :) I would like a "quant" job with short hours, easy money too. The only relaxing female I saw on my floor is the picture of the 3-month old daughter of my co-worker. She smiles like an angel----compared with anyone of us who almost works 12 stressful...
  171. Yan He

    Clear Clipboard after Copy/Paste

    Andy, this time works. Thanks a lot!
  172. Yan He

    Clear Clipboard after Copy/Paste

    Thank you so much, Andy. But when I try 6/30/2008...or any other month end...it turns out to be 6!! It's won't work...:(
  173. Yan He

    Clear Clipboard after Copy/Paste

    BTW, I am looking for a function code with input: say, a random date (20080714) output: the nth week of the month. (3rd week in July here) Anyone has any ideas? thanks,
  174. Yan He

    Clear Clipboard after Copy/Paste

    Thanks, Andy and Charlesdwright! That piece of code works for me finally, after adjusting my codes a little bit.
  175. Yan He

    Clear Clipboard after Copy/Paste

    Does anyone has the VBA code for delete or cear the Clipboad after copy/paste. I tried the Application.CutCopyMode = False Doesn't work for me :( I googled...couldn't find :sos: Thanks,
  176. Yan He

    The Master Happy Birthday thread

    Happy Birthday, Russian Mike ! (Alright, per Woody...I am openning this thread beside's our group email ) Happy Birthday, Russian Mike !:dance:
  177. Yan He

    Tiffany, I took those all pre-requisite in NY, Cal , II, III, Linear Algebra, Differential...

    Tiffany, I took those all pre-requisite in NY, Cal , II, III, Linear Algebra, Differential Equation, Statistics, C++
  178. Yan He

    Tiffany, Before I applied for MFE, I took one whole year off to study advanced math...

    Tiffany, Before I applied for MFE, I took one whole year off to study advanced math, statistics, probability, and C++...that wasn't on my profile...but it's part of my effort to the program. Good luck!
  179. Yan He

    Larry, finally figured out what PV10 means...please look for the old post ;)

    Larry, finally figured out what PV10 means...please look for the old post ;)
  180. Yan He

    PV 10% for Fixed Income Portfolio

    PV10 is actually 10% shift in credit spread, or it's actually bigger scale of CS01. It's mostly used in measure credit related products sensitivity. The reason for "10" is most Emerging Market credit products shift in bigger scale than US market, so, instead of CS01, some Fixed Income book use...
  181. Yan He

    "MFE program profile evaluation" master thread

    Better to get the chance to take to whoever in charge of admission. Convince them you have the talent for the program...:)
  182. Yan He

    "MFE program profile evaluation" master thread

    If you are very confident about yourself, just go ahead to apply for any program in NYC you like, just make sure to explain what happended your UG-GPA, yet your calibre is strong enough... Good luck.
  183. Yan He

    Old Lane Closed

    I was working in the hedge fund of Citigroup that bought Old Lane when the purchase officially finalized. Old Lane and Citi stayed pretty independent till Pandit shut down the hedge fund I worked and became CEO of Citi. I think the purchase was not because the performance the the $800 MM Old...
  184. Yan He

    Old Lane Closed

    :) Old Lane is not really closed down, but integrated into other part of Citi Alternative Investment. Old pals from Morgan Stanley will still working within Citi.
  185. Yan He

    Old Lane Closed

    Citigroup Shuts Down Old Lane, Co-Founded By Pandit By Joyce Moullakis and Josh Fineman June 12 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit plans to shut down Old Lane Partners, the hedge-fund group he co-founded and sold to the bank last year for more than $800...
  186. Yan He

    UCLA MFE UCLA MFE interview help

    My only interview for school experience is with Baruch MFE. As to my understanding, the purpose of the interview is not to drive you nut :), but to get more "soft" calibre from you during the conversation: personality, communication, your way of thinking etc. If there any "technical" question, I...
  187. Yan He

    Tranche Type Question

    I.C. the only thing I can get is CUSIPs...then go for Bloomberg for description, then try to categorize them into our database. Will post here when I get a detailed example. Thanks a lot, John.
  188. Yan He

    Tranche Type Question

    So do you think what type I should put there? TAC and Z ? Does it make sense? :)
  189. Yan He

    Tranche Type Question

    great! thank you so much John. Actually, the three desctiption I posted come with TAC and Z. That's why I am thinking to put the security under CO type.
  190. Yan He

    Tranche Type Question

    Does anyone know how can I classified tranche type: AD (accretion directed), SEG (sequantial pay), and EXCH (exchangeable) ---- they are descriptions from Bloomberg. Can I put them under type "Companion"? :wall:wall:wall
  191. Yan He

    The Long, Flat, Seemingly Endless Bataan Death March To Version 3 of the Quant Careers Guide

    I think Dominic must be occupied by the revision and overwhelmed by the incoming CVs :) Can't wait to see the new version .... will send you a copy of my CV for that.
  192. Yan He

    :) Larry, I wish I am mom. Just like kids so much... I never had the idea of building a...

    :) Larry, I wish I am mom. Just like kids so much... I never had the idea of building a structure that is indestructible :) what I concerned is the destructed security from the fear and the sorrow of lossing the loved ones. Vacation home in mountains......should be nice getaway if you get...
  193. Yan He

    Congratulations Jake and Sarah

    Congratulations! Jake and Sarah.....
  194. Yan He

    The Master Happy Birthday thread

    Happy Birthday Woody! (May your Chili be really hot and spicy this time :)))
  195. Yan He

    The Master Happy Birthday thread

    Happy Birthday (again) Giampiero !
  196. Yan He

    Question about CMO Tranch Type

    WAR, are you looking at agencies? Yes, Mike, Agencies, JPMorgan as collateral..... :wall
  197. Yan He

    Question about CMO Tranch Type

    Thank you Mike! "CMP/SUP tranches are usually ones highly effected by prepayments. There's no seniority/sub as best I can tell." --- So, in other words, can I think of CMP/SSUP as kind of independent tranch that used to absorb prepayment risk. WAR --- should be tranche type, but somehow I...
  198. Yan He

    Question about CMO Tranch Type

    Hello, I've tried to find some more detailed information about CMO tranche structures. Can anyone recommend any paper or book that have introduction to the tranche structure of CMO: say, (1) what makes a companion tranch in CMO? Can I say a SUSS Companion tranch, because it surbodinate to...
  199. Yan He

    The Master Happy Birthday thread

    Happy Birthday, Greg! Best wishes...
  200. Yan He

    IV data for FX? Help!

    Brendan, what exactly do you want? If historical Implied Vol for FX, Bloomberg has it, just download directly. For Vol for Option on FX, go to [Currency], <VOLC>, and pick the period /currency you want... Hope this help :)
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