Aparna Gupta, associate
professor of quantitative finance and director of the Lally School of
Management Center for Financial Studies at Rensselaer, won a 2018 “best paper”
award from the Financial Management Association.

The paper was recognized
as the best paper of 2018 in the discipline of derivatives and options. Gupta’s
paper was co-authored by Runzu Wang and Yueliang Lu, graduates of the Lally
School quantitative finance and risk analytics program.

Their paper, titled
“Addressing Systemic Risk Using Contingent Convertible Debt,” was selected
among 1,700 submissions. A full list of award recipients and a copy of the
paper can be found online at: http://fmaconferences.org/SanDiego/Papers/CoCo_Paper_full_version.pdf.