Aihua (Eva) Zhang
Lecturer in Quantitative Method, Nottingham University Business School China, University of Nottingham, Ningbo Campus, China
Principle Research Interests:
• Portfolio Management, Mathematical Finance
• Pension Mathematics
• Regime Switching
• Risk Management
• Quantitative Methods
Academic Qualifications:
2008: PhD in Financial Mathematics, (Very good / Magna Cum Laude), Fraunhofer Institute for Techno-and Wirtschaftsmathematik (ITWM), Kaiserslautern, Germany;
2004: MSc in Financial Mathematics, (1.0 Top grade), Kaiserslautern University of Technology, Germany;
2006-2007: MSc studies in Economics (Part-time), University of Edinburgh, UK;
2001: MSc in Mathematics Education, Central China Normal University, China;
1998: BSc in Mathematics, Central China Normal University, China.
Awarded:
Prize for Distinguish Student; Excellent Teaching Trainee; 1st Prize for Speech & Debate Contest; 1st Prize for Painting and Chinese Handwriting
Reviewer for:
- Quantitative Finance
- Mathematical Finance
- IMA Journal of Management Mathematics
Recent Publications:
1. Zhang, A., (2010) The real terminal wealth optimization with index bond: Equivalence of real and nominal portfolio choices for CRRA utility. IMA Journal of Management Mathematics, Accepted.
2. Zhang, A., (2010) A closed-form solution to the continuous-time consumption model with endogenous labor income, Decision in Economics and Finance, Volume 33, Number 2, 149-167.
3. Zhang, A., Ewald, C., (2010) Optimal investment for a pension fund under inflation risk. Mathematical Methods of Operations Research, 71, 353-369. IDS: 571MB.
4. Korn, R., Siu, T. K., Zhang, A. (2010) Asset allocation for a DC pension fund under regime-switching environment, to appear in the European Actuarial Journal.
5. Zhang, A., (2010) Pension funds under inflation risk, Pension Fund Risk Management: Financial and Actuarial Modeling, Amazon.
6. Zhang, A., (2007) A secret to create a complete market from an incomplete market, Applied Mathematics and Computation 191, 253-262. IDS: 267FK.
7. Zhang, A., (2007) Optimal Consumption, Labour Supply and Portfolio Rules in a Continuous-time Life Cycle Model, Proceedings of the Second Conference on Game Theory and Applications, World Academic Press. IDS: BGW57.
8. Zhang, A., Korn, R., Ewald, C., (2007) Optimal management and inflation protection for defined contribution pension plans, European Actuarial Journal/ Blätter der DGVFM, Volume 28 (2), 239-258, Springer.
9. Ewald, C., Zhang, A., (2006) A New Method for the Calibration of Stochastic Volatility Models: The Malliavin Gradient Method, Quantitative Finance, Volume 6 (2), 147-158. IDS: 046PC.
