We are delighted to announce that Marco Avellaneda has
been chosen as Risk Magazine's 2010 “Quant of the Year” (site registration required)
for groundbreaking work on the effect of short-selling restrictions on
price dynamics. His
paper, 'A dynamic model for hard to borrow stocks,' co-authored with
Mike Lipkin of Katama Trading, was published in Risk [in June 2009].