Wilmott Magazine
Encyclopedia
Wilmott Magazine is a mathematical finance
Mathematical finance
Mathematical finance is a field of applied mathematics, concerned with financial markets. The subject has a close relationship with the discipline of financial economics, which is concerned with much of the underlying theory. Generally, mathematical finance will derive and extend the mathematical...

 and risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...

 magazine, combining technical articles with humor pieces. Each copy of Wilmott is 11 inches square, runs about 100 pages, and is printed on glossy paper. The magazine has the highest subscription price of any magazine

Content and contributors

Wilmott magazine has a section with technical articles on mathematical finance
Mathematical finance
Mathematical finance is a field of applied mathematics, concerned with financial markets. The subject has a close relationship with the discipline of financial economics, which is concerned with much of the underlying theory. Generally, mathematical finance will derive and extend the mathematical...

, but includes quantitative financial comic strips, and lighter articles.

Wilmott magazines regular contributors include Edward Thorp, Espen Gaarder Haug, Aaron Brown
Aaron C. Brown
Aaron C. Brown is an American finance professor, author and quant. He wrote Red-Blooded Risk: The Secret History of Wall Street, The Poker Face of Wall Street and A World of Chance...

, William Ziemba, Nassim Taleb
Nassim Taleb
Nassim Nicholas Taleb is a Lebanese American essayist whose work focuses on problems of randomness and probability. His 2007 book The Black Swan was described in a review by Sunday Times as one of the twelve most influential books since World War II....

 and Henriette Prast.

History

The magazine was launched in 1999 in London. The publishers are Wiley Publishing and editor in chief Paul Wilmott
Paul Wilmott
Paul Wilmott is a researcher, consultant and lecturer in quantitative finance. He is best known as the author of various academic and practitioner texts on risk and derivatives, and for Wilmott magazine and Wilmott.com , a quantitative finance portal....

. The magazine's target audience is people working with quantitative finance in hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...

, investment banks, risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...

 and professional investment management firms.

Dissenters

In June 2005 a group of Wilmott personnel broke off and formed another enclave, Nuclear Phynance.

External links



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