Projects per year
Personal profile
Research interests
Rand Low is an Associate Professor of Quantitative Finance at Bond Business School and Honorary Senior Fellow at the University of Queensland.
Professor Low's research areas are in asset and investments management, specifically correlation/dependence modelling, portfolio optimization, risk management, systematic trading strategies and multi-asset investing strategies. His work has been published in leading academic and industry journals such as Journal of Banking & Finance, Quantitative Finance, Journal of Empirical Finance, Journal of Investing, and Journal of Risk.
Prior to his PhD, Professor Low worked in control systems engineering and management roles for Honeywell and is a Chartered Professional Engineer of the mechanical college. Upon completing his PhD, he won a 3-year postdoctoral research grant on portfolio optimization & risk management techniques for financial crises and was a recipient of the Australia Awards - Endeavour fellowship. He has been a visiting research fellow at the New York University - Stern School of Business.
Professor Low has worked at the global headquarters of Bank of America Merrill Lynch and BlackRock in New York City. He led teams of quantitative analysts in building mathematical models for market/credit/operational risk, securities lending, structured products, asset-backed securities, and portfolio management. Professor Low has also defended quantitative model development practices on behalf of these institutions to US regulators such as the Federal Reserve (FED) and the Office of the Comptroller of Currency (OCC). He is familiar with stress-testing and model risk management practices such as model validation and governance for large financial institutions (i.e., CCAR, DFAST).
Professor Low's research interests are in applying statistical and machine learning techniques in investments management in areas such as corporate credit ratings, robo-advisors, digital assets (i.e., cryptocurrencies), and systematic active strategies. He is investigating mutual fund and hedge fund performance.
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
Education/Academic qualification
Finance, PhD (Finance), University of Queensland
2009 → 2013
Engineering, BE, University of Melbourne
2001 → 2005
Computer Science, BE, University of Melbourne
2001 → 2005
Project Management, Graduate Diploma, University of New England
External positions
Honorary Senior Fellow, University of Queensland
2016 → …
Postdoctoral Research Fellow, University of Queensland
2013 → 2016
Professional Engineer (CPEng), Engineers Australia
2009 → …
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Collaborations and top research areas from the last five years
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Relationships and gaps between technological advancement and mineral resources prices and stocks behaviour, leading to an investment decision making model
Low, R., Yahyaei, M., Kizil, M. & Mugebe, P.
1/07/20 → 1/07/24
Project: HDR Student Project
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Tree-based, deep learning and sentiment analysis applications to corporate credit ratings
Low, R., Faff, R. W. & Michalski, L.
1/10/19 → 1/09/23
Project: HDR Student Project
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Analysing the profitability of complex statistical arbitrage strategies and their relation to market efficiency
Low, R., Faff, R. W. & Rad, H.
1/06/15 → 1/06/21
Project: HDR Student Project
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Canonical vine copulas in the context of modern portfolio management: Are they worth it?
Low, R. K. Y., Alcock, J., Faff, R. & Brailsford, T., Aug 2013, In: Journal of Banking and Finance. 37, 8, p. 3085-3099 15 p.Research output: Contribution to journal › Article › Research › peer-review
112 Citations (Scopus)3 Downloads (Pure) -
Cryptocurrency and Blockchains: Retail to Institutional
Low, R. & Marsh, T., 2 Dec 2019, In: The Journal of Investing. 29, 1, p. 18-30 13 p.Research output: Contribution to journal › Article › Research › peer-review
7 Citations (Scopus) -
The profitability of pairs trading strategies: distance, cointegration and copula methods
Rad, H., Low, R. K. Y. & Faff, R., 2 Oct 2016, In: Quantitative Finance. 16, 10, p. 1541-1558 18 p.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile90 Citations (Scopus)4435 Downloads (Pure) -
Does sophistication of the weighting scheme enhance the performance of long-short commodity portfolios?
Rad, H., Low, R. K. Y., Miffre, J. & Faff, R., Sept 2020, In: Journal of Empirical Finance. 58, p. 164-180 17 p.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile8 Citations (Scopus)92 Downloads (Pure) -
Complements or substitutes? The effect of ETFs on other managed funds
Tang, L., Tan, E. K. M. & Low, R., Oct 2024, In: International Review of Financial Analysis. 95, p. 1-17 17 p., 103414.Research output: Contribution to journal › Article › Research › peer-review
Open AccessFile12 Downloads (Pure)
Activities
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Pilot Mugabe - External HDR Supervision
Rand Low (Supervisor) & Pilot Mugabe (Student )
2020Activity: Professional Development, Mentorship, Supervision and Other Activities › External HDR Supervision
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External HDR supervision - Lachlan Michalski
Lachlan Michalski (Student ) & Rand Low (Supervisor)
2019Activity: Professional Development, Mentorship, Supervision and Other Activities › External HDR Supervision
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Development of the Australian Corporate Bond Market
Rand Low (Speaker)
20 Nov 2020Activity: Talk or presentation › Invited talk
Press/Media
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Impact of US elections on Australian share markets
21/10/20
1 Media contribution
Press/Media: Expert Comment
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Biden v Trump: What could the US election mean for Aussie finances?
20/10/20
1 Media contribution
Press/Media: Expert Comment
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Investment choices of high net worth versus the average investor.
1/09/20
1 Media contribution
Press/Media: Expert Comment
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Should you add extra money to your mortgage or superannuation?
23/07/20
1 Media contribution
Press/Media: Expert Comment