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`!Neil A. Chriss`! is a `F33f`_`[mathematician`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Mathematician]`_`f, `F33f`_`[academic`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Academic]`_`f, `F33f`_`[hedge fund`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Hedge_fund]`_`f manager,`:cite-ref-1[`F5bf`_`[1`#cite-note-1]`_`f] `F33f`_`[philanthropist`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Philanthropist]`_`f and a founding board member of the charity organization "`F33f`_`[Math for America`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Math_for_America]`_`f" which seeks to improve math education in the `F33f`_`[United States`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=United_States]`_`f.`:cite-ref-2[`F5bf`_`[2`#cite-note-2]`_`f] Chriss also serves on the board of trustees of the `F33f`_`[Institute for Advanced Study`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Institute_for_Advanced_Study]`_`f.`:cite-ref-3[`F5bf`_`[3`#cite-note-3]`_`f]

>>Contents

• `F0af`_`[Early career`#early-career]`_`f

• `F0af`_`[Academia`#academia]`_`f

• `F0af`_`[Wall Street`#wall-street]`_`f

• `F0af`_`[Mathematical finance education`#mathematical-finance-education]`_`f

• `F0af`_`[Hedge funds`#hedge-funds]`_`f

• `F0af`_`[Recent research`#recent-research]`_`f

• `F0af`_`[Books`#books]`_`f

• `F0af`_`[External links`#external-links]`_`f

• `F0af`_`[References`#references]`_`f

-─

>>Early career

Chriss learned programming at the age of 11. He developed a videogame called D' Fuse and sold it to Tymac when he was a sophomore in high school. The game quickly faded when the Commodore 64 with 64K of memory and much better graphics appeared.`:cite-ref-4[`F5bf`_`[4`#cite-note-4]`_`f]

Chriss went to the `F33f`_`[University of Chicago`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=University_of_Chicago]`_`f, where he majored in mathematics. Following his junior year in college, he worked at `F33f`_`[Fermilab`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Fermilab]`_`f with Myron Campbell and Bruce Denby; he developed a neural network to find `F33f`_`[b-quark`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Bottom_quark]`_`f jets.`:cite-ref-5[`F5bf`_`[5`#cite-note-5]`_`f] He then earned his master's degree in `F33f`_`[applied mathematics`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Applied_mathematics]`_`f at `F33f`_`[Caltech`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Caltech]`_`f.`:cite-ref-hmc-edu-6-0[`F5bf`_`[6`#cite-note-hmc-edu-6]`_`f]

Chriss studied `F33f`_`[pure mathematics`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Pure_mathematics]`_`f at the `F33f`_`[University of Chicago`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=University_of_Chicago]`_`f, working in the `F33f`_`[Langlands Program`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Langlands_program]`_`f. He received a Ph.D. in 1993, with the thesis `*A Geometric Construction of the Iwahori-Hecke Algebra`*.`:cite-ref-7[`F5bf`_`[7`#cite-note-7]`_`f] With `F33f`_`[Victor Ginzburg`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Victor_Ginzburg]`_`f, he wrote a book on `F33f`_`[algebraic geometry`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Algebraic_geometry]`_`f and `F33f`_`[representation theory`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Representation_theory]`_`f.`:cite-ref-8[`F5bf`_`[8`#cite-note-8]`_`f]

>>Academia

Chriss's first academic job (1993–1994) was at the `F33f`_`[University of Toronto`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=University_of_Toronto]`_`f, where he wrote "Representation Theory and Complex Geometry" with Ginzburg. At Toronto, `F33f`_`[John M. Liew`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=John_M._Liew]`_`f introduced Chriss to "`F33f`_`[quant`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Quantitative_analyst]`_`f" finance, `F33f`_`[probability theory`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Probability_theory]`_`f, `F33f`_`[stochastic calculus`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Stochastic_calculus]`_`f and `F33f`_`[Black–Scholes`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Black–Scholes]`_`f option pricing theory.

At the `F33f`_`[Institute for Advanced Study`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Institute_for_Advanced_Study]`_`f in 1994–1995, Chriss began the book "Black–Scholes and Beyond: Option Pricing Models" (Irwin, 1996). In 1995, he was hired for the summer in the Quantitative Strategies group of `F33f`_`[Emanuel Derman`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Emanuel_Derman]`_`f at `F33f`_`[Goldman Sachs`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Goldman_Sachs]`_`f. In 1994, Derman and Kani published a paper`:cite-ref-9[`F5bf`_`[9`#cite-note-9]`_`f] that showed how to fit a `F33f`_`[binomial tree`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Binomial_options_pricing_model]`_`f to price all options trading in the market at that time. Chriss helped extend their work from binomial to `F33f`_`[trinomial trees`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Trinomial_tree]`_`f.`:cite-ref-10[`F5bf`_`[10`#cite-note-10]`_`f]

Chriss received a grant from NSF and went to `F33f`_`[Harvard University`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Harvard_University]`_`f Mathematics Department in 1996. Despite the offer of an assistant professorship at Harvard in 1997, he moved to Wall Street.

>>Wall Street

Risk Magazine named Chriss one of the "Top Ten to Watch in the next Ten Years" in 1997.`:cite-ref-11[`F5bf`_`[11`#cite-note-11]`_`f]

In 1997, Chriss joined the quant research group in `F33f`_`[Morgan Stanley`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Morgan_Stanley]`_`f to work on portfolio trading for their cash equities `F33f`_`[program trading`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Program_trading]`_`f desk. He wrote a paper "Optimal execution of portfolio transactions" with `F33f`_`[Robert Almgren`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Robert_Almgren]`_`f.`:cite-ref-12[`F5bf`_`[12`#cite-note-12]`_`f] The Institutional Investor`:cite-ref-13[`F5bf`_`[13`#cite-note-13]`_`f] published an article about Algorithmic Trading in its November 2004 issue, titled "The Orders Battle", which noted that Chriss's paper "helped lay the groundwork for arrival-price algorithms being developed on Wall Street." The work has been widely cited since.`:cite-ref-14[`F5bf`_`[14`#cite-note-14]`_`f]`:cite-ref-15[`F5bf`_`[15`#cite-note-15]`_`f] Chriss also wrote `F33f`_`[Algorithmic Trading`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Algorithmic_Trading]`_`f articles: "Competitive bids for principal program trades",`:cite-ref-16[`F5bf`_`[16`#cite-note-16]`_`f] "Value under liquidation".`:cite-ref-17[`F5bf`_`[17`#cite-note-17]`_`f] At Morgan Stanley, Peter Muller inspired Chriss to pursue quantitative trading.

In 1998, Chriss moved into `F33f`_`[portfolio management`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Investment_management]`_`f, joining the Goldman Sachs Asset Management (GSAM) Quantitative Strategies group to develop a new trading strategy, after Cliff Asness, `F33f`_`[John M. Liew`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=John_M._Liew]`_`f and Bob Krail left to form `F33f`_`[AQR Capital Management`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=AQR_Capital_Management]`_`f.

In 2000, Chriss left Goldman Sachs to found ICor Brokerage Inc., a derivatives trading firm.`:cite-ref-hmc-edu-6-1[`F5bf`_`[6`#cite-note-hmc-edu-6]`_`f] In 2001, ICor joined forces with `F33f`_`[Reuters`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Reuters]`_`f, forming a joint venture, ICor Brokerage Ltd.`:cite-ref-icorreutersmerger-18-0[`F5bf`_`[18`#cite-note-icorreutersmerger-18]`_`f] Reuters bought out ICor in 2004.`:cite-ref-icorreutersbuyout-19-0[`F5bf`_`[19`#cite-note-icorreutersbuyout-19]`_`f]

>>Mathematical finance education

Chriss was asked by `F33f`_`[New York University`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=New_York_University]`_`f `F33f`_`[Courant Institute of Mathematical Sciences`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Courant_Institute_of_Mathematical_Sciences]`_`f to be the first (part-time) director of the Program in Mathematics in Finance.`:cite-ref-20[`F5bf`_`[20`#cite-note-20]`_`f] At Courant from 1997 to 2003, Chriss recruited `F33f`_`[Jim Gatheral`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Jim_Gatheral]`_`f, Steve Allen, Peter Fraenkel (now head of Quantitative IT at `F33f`_`[UBS`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=UBS]`_`f) and `F33f`_`[Nassim Taleb`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Nassim_Taleb]`_`f.

In 2003 Chriss became executive director of the University of Chicago Financial Mathematics Program.

>>Hedge funds

In 2003, Chriss joined the Stamford, Connecticut hedge fund `F33f`_`[SAC Capital`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=SAC_Capital]`_`f, working there until early 2007.

Chriss then founded the hedge fund "Hutchin Hill Capital". `F33f`_`[Renaissance Technologies`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Renaissance_Technologies]`_`f' Meritage Fund provided $300 million of capital to Hutchin Hill.

>>Recent research

With R. Almgren, Chriss wrote a paper on optimizing a portfolio.`:cite-ref-21[`F5bf`_`[21`#cite-note-21]`_`f] They submitted a patent application on the method.

>>Books

• `:citerefneil-a-chriss1996`aNeil A. Chriss (1996). `*Black–Scholes and Beyond: Option Pricing Models`*. McGraw-Hill Professional. `F33f`_`[ISBN`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=ISBN_(identifier)]`_`f 0-7863-1025-1.

• `:citerefneil-a-chriss1997`aNeil A. Chriss (1997). `*Black–Scholes and Beyond Interactive Toolkit`*. McGraw-Hill Professional. `F33f`_`[ISBN`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=ISBN_(identifier)]`_`f 0-7863-1140-1.

• `:citerefneil-chriss-and-victor-ginzburg1997`aNeil Chriss and Victor Ginzburg (1997). `*Representation Theory and Complex Geometry`*. Birkhauser Boston. `F33f`_`[ISBN`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=ISBN_(identifier)]`_`f 0-8176-3792-3.

`F33f`_`[Nigel Goldenfeld`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Nigel_Goldenfeld]`_`f, a professor of physics at `F33f`_`[University of Illinois`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=University_of_Illinois]`_`f, recommends Chriss's book `*Black–Scholes and Beyond`* to those of his students "contemplating a career in quantitative finance", as giving an "Excellent overview of modern day finance, financial models, and their shortcomings. A great blend of practical and theoretical knowledge, clearly presented".`:cite-ref-profgoldenfeld-22-0[`F5bf`_`[22`#cite-note-profgoldenfeld-22]`_`f]

>>External links

• AMS review of `*Representation Theory and Complex Geometry`*

>>References

`:cite-note-1`!1.`! `F0af`_`[↑`#cite-ref-1]`_`f Imogen Rose-Smith, (July 20, 2011) "Neil Chriss's Multistrat Hedge Fund Puts Up The Numbers". `*`F33f`_`[Institutional Investor`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Institutional_Investor_(magazine)]`_`f`*.

`:cite-note-2`!2.`! `F0af`_`[↑`#cite-ref-2]`_`f "Neil Chriss biography at "Math for America" webpage". Archived from the original on 2012-04-07. Retrieved 2011-11-27.

`:cite-note-3`!3.`! `F0af`_`[↑`#cite-ref-3]`_`f Institute for Advanced Study Appoints Neil Chriss to Board of Trustees

`:cite-note-4`!4.`! `F0af`_`[↑`#cite-ref-4]`_`f R. Lindsay and Barry Schachter, "How I became a Quant", Wiley (2007), `F33f`_`[ISBN`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=ISBN_(identifier)]`_`f 978-0-470-05062-0

`:cite-note-5`!5.`! `F0af`_`[↑`#cite-ref-5]`_`f Denby, Cambell, Bedeschi, Chriss, et al.,, "Neural Networks for Triggering," IEEE Tians. Nucl. Sci, 37(2) (1990), 248–254

`:cite-note-hmc-edu-6`!6.`! `F0af`_`[↑`#cite-ref-hmc-edu-6-0]`_`f "Board of Trustee Biographies". Archived from the original on 2012-08-01. Retrieved 2012-01-08.

`:cite-note-7`!7.`! `F0af`_`[↑`#cite-ref-7]`_`f The thesis followed up on `F33f`_`[David Kazhdan`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=David_Kazhdan]`_`f and `F33f`_`[George Lusztig`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=George_Lusztig]`_`f, "Proof of the Deligne-Langlands conjecture for Hecke algebras", Invent. Math, 87 (1987), 153–215

`:cite-note-8`!8.`! `F0af`_`[↑`#cite-ref-8]`_`f Victor Ginzburg and Neil Chriss. `*Representation Theory and Complex Geometry`*. Birkhäuser, 1997.

`:cite-note-9`!9.`! `F0af`_`[↑`#cite-ref-9]`_`f I.Kani and E.Derman, "Riding on a Smile", `*`F33f`_`[Risk`:/page/wikibook/entry.mu`zim=wikipedia_en_all_nopic_2025-08.zim|entry_path=Risk_(magazine)]`_`f`* `!7`!(2) (1994), pp. 32–39

`:cite-note-10`!10.`! `F0af`_`[↑`#cite-ref-10]`_`f E. Derman, I. Kani, N. Chriss, "Implied trinomial trees of the volatility smile", `*Journal of Derivatives`* (1996)

`:cite-note-11`!11.`! `F0af`_`[↑`#cite-ref-11]`_`f `:citerefjacob-wolinsky2012`aJacob Wolinsky (July 9, 2012). "Exclusive: How Hutchin Hill Took Down JPMorgan". ValueWalk.

`:cite-note-12`!12.`! `F0af`_`[↑`#cite-ref-12]`_`f R.Almgren and N.Chriss, "Optimal execution of portfolio transactions" J. Risk, 3 (Winter 2000/2001) pp.5–39

`:cite-note-13`!13.`! `F0af`_`[↑`#cite-ref-13]`_`f The Institutional Investor magazine

`:cite-note-14`!14.`! `F0af`_`[↑`#cite-ref-14]`_`f David Leinweber, "Algo vs. Algo", The Institutional Investor's Alpha, February 2007

`:cite-note-15`!15.`! `F0af`_`[↑`#cite-ref-15]`_`f A TRADE Guide to Broker Algorithms, The TRADE, Issue 3, Jan–Mar 2005

`:cite-note-16`!16.`! `F0af`_`[↑`#cite-ref-16]`_`f Robert Almgren and Neil Chriss, "Bidding principles" `*Risk`*, June 2003

`:cite-note-17`!17.`! `F0af`_`[↑`#cite-ref-17]`_`f Robert Almgren and Neil Chriss, "Value under liquidation", `*Risk`*, Dec. 1999

`:cite-note-icorreutersmerger-18`!18.`! `F0af`_`[↑`#cite-ref-icorreutersmerger-18-0]`_`f "Reuters and ICor combine for electronic derivatives". Finextra Research. Retrieved 2008-06-30.

`:cite-note-icorreutersbuyout-19`!19.`! `F0af`_`[↑`#cite-ref-icorreutersbuyout-19-0]`_`f "Reuters assumes full control of ICor Brokerage; targets interest rate swaps". Finextra Research. Retrieved 2008-06-30.

`:cite-note-20`!20.`! `F0af`_`[↑`#cite-ref-20]`_`f NYU Program in Mathematics in Finance

`:cite-note-21`!21.`! `F0af`_`[↑`#cite-ref-21]`_`f Robert Almgren and Neil Chriss, "Optimal portfolios from ordering information", `*Journal of Risk`*, Fall 2006

`:cite-note-profgoldenfeld-22`!22.`! `F0af`_`[↑`#cite-ref-profgoldenfeld-22-0]`_`f `:citerefgoldenfeld-nigel2009`aGoldenfeld, Nigel (March 2009). "Job Hunting on Wall Street". `*Finance for Physicists`*. University of Illinois. Retrieved December 9, 2011.

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