External Professor


Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, the director of MIT’s Laboratory for Financial Engineering, a principal investigator at MIT’s Computer Science and Artificial Intelligence Lab, and an external professor at the Santa Fe Institute.  He received a B.A. in economics from Yale University in 1980, and an A.M. and Ph.D. in economics from Harvard University in 1984.

His most recent research focuses on systemic risk in the financial system, evolutionary approaches to investor behavior, bounded rationality, and financial regulation, and applying financial engineering to develop new funding models for biomedical innovation.

He has published extensively in academic journals (see http://alo.mit.edu) and his most recent book is Adaptive Markets: Financial Evolution at the Speed of Thought.  His awards include Sloan and Guggenheim Fellowships, the Paul A. Samuelson Award, the Harry M. Markowitz Award, the CFA Institute’s James R. Vertin Award, and election to Academia Sinica, the American Academy of Arts and Sciences, the Econometric Society, and Time Magazine’s 2012 list of the “100 most influential people in the world.” He has also received teaching awards from the University of Pennsylvania and MIT.

He is also chairman and chief investment strategist of AlphaSimplex Group, LLC, a member of the Board of Overseers for Beth Israel Deaconess Medical Center, a board member of Roivant Sciences and the MIT Whitehead Institute for Biomedical Research, and an advisory board member for the Federal Reserve Bank of New York, the U.S. Commodity Futures Trading Commission, and the U.S. Securities Exchange Commission.