Joseph Yang, Ph.D.
About Joseph Yang, Ph.D.
Joseph Yang, Ph.D., is a Portfolio Manager specializing in Derivatives Algorithmic and Statistical Arbitrage Strategies at Two Sigma, where he has worked since 2015. He has a robust background in high-frequency trading and statistical arbitrage, with previous roles at Goldman Sachs and Eladian Partners.
Current Role as Portfolio Manager
Joseph Yang, Ph.D., currently serves as a Portfolio Manager specializing in Derivatives Algorithmic and Statistical Arbitrage Strategies at Two Sigma. He has held this position since 2015, leading a team focused on researching and developing strategies within the derivatives algorithmic and statistical arbitrage domain. His extensive experience in productionalizing strategies enhances the team's capabilities in this complex area.
Experience at Two Sigma
Joseph Yang has a significant history with Two Sigma, where he worked in various roles from 2012 to 2015 and again from 2015 onwards. Initially, he served as an Algorithmic Trader and Strategy Manager in Proprietary High Frequency Trading. He later transitioned to Lead Researcher in Statistical Forecaster Construction and Optimal Monetization Methodologies for a brief period. His tenure at Two Sigma has been marked by a focus on algorithmic trading strategies.
Previous Roles in Financial Services
Before his current role, Joseph Yang held several prominent positions in the financial services industry. He worked at Eladian Partners as Head of Quantitative Interest-Rate Strategies in 2012. Prior to that, he was a Lead Researcher at Goldman Sachs Asset Management's QIS group, focusing on algorithmic intraday strategies. He also served as an OTC derivatives trader and junior PM at Goldman Sachs from 2010 to 2011.
Educational Background
Joseph Yang holds a Ph.D. in Financial Engineering from Princeton University, where he studied from 2006 to 2010. He also earned a Master of Science in Information Processing and Intelligent Systems from Tsinghua University, completing his studies from 2004 to 2006. Earlier, he obtained a Bachelor of Science in Engineering from Tsinghua University, specializing in Control Theory and Systems, from 2000 to 2004. His educational background provides a strong foundation for his work in quantitative finance.
Expertise in High-Frequency Trading
Joseph Yang possesses extensive expertise in high-frequency trading and statistical arbitrage. His career reflects a transition from roles primarily focused on high-frequency trading to managing broader algorithmic strategies. This experience allows him to effectively lead teams in developing innovative trading strategies that leverage statistical models and algorithmic techniques.