“Matt is one of the most ambitious and driven people I’ve been around in the workplace. His rise to SVP and Director was brilliant and his way of explaining things to a guy like myself (a design manager in a finance world at the time) was so appreciated. He also has vision. He sees things that most don’t. When we worked together he was an advocate and a partner and I miss being able to just swing by his office and chat. I also miss some great conversations when he swung by my office and asked questions. And those questions and conversations, again, were next-level. I’d look forward to working with him again.”
Matthew Lyberg, CFA
Boston, Massachusetts, United States
6K followers
500+ connections
6K followers
500+ connections
About
Quant working on AI & ML support for fundamental investors. Interests in institutional…
Activity
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Toronto showed up in a big way for the annual Bloomberg’s Investment Managers Forum last week. A packed room of a great and long standing buy-side…
Toronto showed up in a big way for the annual Bloomberg’s Investment Managers Forum last week. A packed room of a great and long standing buy-side…
Liked by Matthew Lyberg, CFA
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AI agents finally got the one thing they were missing: architectural eyes. Cursor and Claude Code feel like magic on day one. Then your agent…
AI agents finally got the one thing they were missing: architectural eyes. Cursor and Claude Code feel like magic on day one. Then your agent…
Liked by Matthew Lyberg, CFA
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Bill Hrusa was one of those rare individuals who left every person better than he found them. It wasn’t just about what he accomplished; it was…
Bill Hrusa was one of those rare individuals who left every person better than he found them. It wasn’t just about what he accomplished; it was…
Liked by Matthew Lyberg, CFA
Experience
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Reviewer
Journal of Asset Management
Education
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Publications
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Flows and Woes: The True Costs of Spot Trading Policy
Journal of Performance Measurement
Kawaller (1992) demonstrates the financial risk when there is a difference between the settlement dates of an international asset trade and the currency required for or generated from the asset trade. We extend Kawaller’s work to equity portfolios with investor flows, finding that the foreign exchange risk becomes levered during investor withdrawals and de-levered during contributions. We provide a general equation to describe the relationship and recommend the use of short dated currency…
Kawaller (1992) demonstrates the financial risk when there is a difference between the settlement dates of an international asset trade and the currency required for or generated from the asset trade. We extend Kawaller’s work to equity portfolios with investor flows, finding that the foreign exchange risk becomes levered during investor withdrawals and de-levered during contributions. We provide a general equation to describe the relationship and recommend the use of short dated currency forwards to hedge the risk. We then compare the cost of the forward contracts to the cost of the unhedged risk over a five-year time series of equity and foreign exchange returns using a Monte Carlo approach to simulate investor flows. We conclude that aligning settlement dates with forward contracts dramatically reduces risk at a negligible cost.
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Passive Currency Hedging
Global Pensions
General overview of passive currency hedging during volatile periods.
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Courses
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Differential Equations
MA 226
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Financial Computing I, II, III
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Financial Data Science I and II
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Financial Optimization
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Fixed Income
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Linear Algebra
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Machine Learning I and II
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Mathematical Statistics
MA 582
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Multi-Period Asset Pricing
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Multi-Variable Calculus, Integral Calculus, Differential Calculus
MA 225, MA 124, MA 123
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Optimization Methods of Operations Research
MA 569
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Probability
MA 581
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Risk Management
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Simulation Methods for Option Pricing
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Stochastic Calculus for Finance I and II
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Stochastic Methods of Optimization Research
MA 570
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Stochastic Processes
MA 583
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Variance Analysis
MA 416
Honors & Awards
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Acadian Outstanding Service Award
Acadian Asset Management
Awarded for quantitative analysis of client investment portfolios under a tight deadline.
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Divisional Quarterly Excellence Award
State Street Wealth Manager Services
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Fulbright Fellowship
J. William Fulbright Foundation
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Boston College Student Leadership Award
Boston College
Each year, the Student Programs Office (SPO) through the Division of Student Affairs presents awards to outstanding members of the Boston College community. Student awards recognize the individual's contribution to their co-curricular life at the University, their growth in leadership roles, and their creative involvement in campus life. Received together with all founding members of Student Organization Funding Committee, who advocated for and implemented a new process to allocate university…
Each year, the Student Programs Office (SPO) through the Division of Student Affairs presents awards to outstanding members of the Boston College community. Student awards recognize the individual's contribution to their co-curricular life at the University, their growth in leadership roles, and their creative involvement in campus life. Received together with all founding members of Student Organization Funding Committee, who advocated for and implemented a new process to allocate university funds equitably among student groups.
Languages
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Russian
Native or bilingual proficiency
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Ukrainian
Professional working proficiency
Recommendations received
4 people have recommended Matthew
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