Philippe Jorion

Philippe Jorion is Dean's Professor of Finance at the Paul Merage School of Business, University of California, Irvine. He holds a PhD and MBA from the University of Chicago and an MEng from Université Libre de Bruxelles. He has previously served as vice dean and associate dean at the Merage School and is currently a managing director at Pacific Alternative Asset Management Company (PAAMCO).

• PhD, University of Chicago
• MBA, University of Chicago
• MEng, Université Libre de Bruxelles

His research focuses on financial risk management, derivatives, international finance, and empirical investments. He is a leading authority on Value at Risk (VaR) and has pioneered methodologies for measuring and managing financial risk. His work bridges academic theory and practical application in asset management and risk control.

The recent articles reflect a strong emphasis on risk modeling, tail risk, derivatives usage, and regulatory frameworks. Themes include Value at Risk validation, hedge fund risk, currency hedging, and model risk, demonstrating sustained scholarly leadership in quantitative and applied finance.

His scientific awards include:

• Smith Breeden Prize for best paper in the Journal of Finance
• Graham and Dodd Scroll Award for best paper in the Financial Analysts Journal

Professor Jorion has advised numerous professionals through executive seminars and industry engagement. He has delivered training on risk management, global asset allocation, and fixed income markets. He served as editor-in-chief of the Journal of Risk and sits on the editorial boards of several finance journals. He has also led academic initiatives as vice dean and associate dean at the Merage School.

He is actively involved with the Pacific Alternative Asset Management Company (PAAMCO), where he applies academic insights to real-world hedge fund portfolio management. His work integrates academic research with institutional investment strategies, particularly in alternative assets and global risk frameworks.