<t>Want to break out of corporate finance/M&A/restructuring into trading. Perhaps--to get used to it and train first--at an I-bank and then into a hedge fund. The most logical step may seem to join a high yield fund, distressed debt / special situations or M&A arbitrage but I think I find ma...

<t>Couple of questions.1. Is an I-bank prop. desk better than a hedge fund in terms of learning experience and future pay? 2. If you work on the advisory side (in restructuring, distressed debt, leveraged finance...etc) how many years of experience is necessary before moving into buyside? If you got...

<t>How would a move into distressed debt be given markets are improving? Is this still area of finance just another bubble (like Tech M&A)? If one is a credit analyst/trader is there the possibility to move into macroeconomic trading later down the line. Is anyone close to the field that could p...

<t>VodkaChapter 1 in Huang and Litzenberger will provide with a complete overview. Read chapter 1 in Cochrane to see how utility theory is applied to asset pricing [how the risk neutral measure is the MRS].There is a new book which has been published recently in financial economics: Principles of Fi...

<t>I've studied the MSc. in Finance and Economics from the London School of Economics. And Since Graduation have been working in M&A at CSFB. I am trying to pursue a career change into something I would enjoy more and be more comfortable with such as exotic interest rate derivatives or credit de...

<r>What is the intuition behind needing a Q measure [risk-neutral probability measure] for valuation.Is it P is a subjective probability measure and changes according to person by person?Take the binomial case q = [e^-r(T-t) - d ] / <U><s>[u - d ]</s>where u = e^sigma(T-t) and d= 1/uso the question ...

<t>Wanted to ask a question on formulation specifically on knock-out options:AS long as the underlying is above K_t during the life of the option its a standard Euro call at maturity.So the SDE is the BS SDE as long as S > KAnd say if the option is knocked out the payoff is G if S <= KSo heuristical...

Hi does anyone know of C++ courses offered -- taught in several days?The one found through google are extremely expensive and was wondering if maybe one of you knew of a good place and reasonable price.Ultimately enough to learn to model interest rate option models

<t>Could someone please explain the difference between integrating when the density is dW vs. integrating when the density is dt?Specifically : (Assume: ¦: integral sign from t to T)1- ¦ WdW2- ¦ Wdt3- ¦ tdW4- ¦ tdtIn general how does one treat W in integration? Is (2) a riemann like (4) so would the...

<t>Am aware this is basic but i can't get rid of the dt term using ito's lemma though i can see it can be shown using the properties of a martingale I am confusing something and would appreciate it if someone can walk me through it.X = W^2 - tdX = (2WdW + dt) - dt....How can i show there is no drift...

Thanks guys!Dont have access to Matlab. But i'll look up the graphs in a statistics book. Currently going through my past schoolwork and was afraid of getting lost in the math without having the right intuition. Thank you

What is the difference between assuming the underlying is lognormal and assuming it is normal?When lognormal the underlying becomes returns where as when normal the underlying becomes asset prices--is this similar to the idea of arithmetic vs. geometric brownian motion?Thanks