Edward Qian, Ph.D., CFA
Chief Investment Officer and Head of Research, Multi Asset
Dr. Qian, is the Chief Investment Officer and Head of Research, Multi Asset for the firm. His primary responsibilities include investment research and portfolio management in PanAgora’s Multi Asset group. He is also a member of the firm’s Investment, Operating, and Directors Committees.
Dr. Qian has a distinguished career in investment management as well as academia. A renowned researcher, Eddie’s pioneering work, “On the Financial Interpretation of Risk: Risk Budgets do add up”, became a cornerstone for what is commonly referred to as “Risk Parity” type investment strategies today. Dr. Qian’s research has helped PanAgora become a leader in the area of risk budgeting strategies by launching the first Risk Parity Portfolios earlier this decade. He is also the co-author of many articles regarding quantitative investment techniques as well as co-author of the recently published book, Quantitative Equity Portfolio Management: Modern Techniques and Applications.
Prior to joining PanAgora, Dr. Qian was a Portfolio Manager and part of the Asset Allocation team at 2100 Capital, an alternative investments firm. His prior experience includes a role as Senior Asset Allocation Analyst on Putnam Investments’ Global Asset Allocation team. Before joining Putnam, he was a fixed-income Quantitative Analyst at Back Bay Advisors.
Dr. Qian is a CFA charterholder and additionally, he was a National Science Foundation Research Fellow at MIT.
Florida State University, Ph.D.
The Chinese Science Academy, M.S.
Peking University, B.S.
“Risk Parity and Diversification” Journal of Investing, Spring 2011
“Global Value Investing Delivers Diversification: A Multi-Strategy Perspective” with Eric H. Sorensen and R. Hua. Journal of Portfolio Management, Winter 2009.
Qian, E., Hua, R., & Sorensen, E. (2007). Quantitative Equity Portfolio Management: Modern Techniques and Applications. London: Chapman and Hall.
“On the Financial Interpretation of Risk: Risk Budgets do add up” Journal of Investment Management, 2006
“Aspects of Constrained Long/Short Equity Portfolios” with Eric H. Sorensen and R. Hua. Journal of Portfolio Management, December 2006.
“Contextual Fundamentals, Models, and Active Management” with E. Sorensen and R. Hua. Journal of Portfolio Management, Fall 2005
“Multiple Alpha Sources and Active Management,” with E. Sorensen, R. Hua, and R. Schoen. Journal of Portfolio Management, Winter 2004.
“Active Risk and Information Ratio,” with R. Hua. Journal of Investment Management, 3rd Qtr 2004.
“Time Diversification and Annual Performance Review: A Recipe for the Calendar Effect,” with R. Hua. PanAgora Working Paper, 2004.