Wolfgang Schadner

Visiting Fellow at Harvard Business School

PhD Candidate at University of St. Gallen



Estimating Forward-Looking Stock Correlations from Risk Factors, Mathematics (2022)

U.S. Politics from a Multifractal Perspective, Chaos, Solitons & Fractals (2022)

On the Persistence of Market Sentiment: A Multifractal Fluctuation Analysis, Physica A (2021)

The trilemma of expansionary monetary policy in the Euro area during the COVID-19 crisis, Finance Research Letters (2021)

Forward Looking Up-/Down Correlations, Quantitative Finance and Economics (2021)

Ex-Ante Risk Factors and Required Structures of the Implied Correlation Matrix, Finance Research Letters (2020)

An Idea of Risk-Neutral Momentum and Market Fear, Finance Research Letters (2020)

Reviewer: International Review of Financial Analysis (IRFA), Finance Research Letters, Economic Modelling

Projects (available upon request)

Shadow Interest Rates in the Euro Area, (S. Lang, S. Reynard and W. Schadner)

Crypto's Expected Randomness, (W. Schadner and L. Liebi)

Expected Return Auto-Correlation: Believes, Efficiency and Meltdowns, (W. Schadner)


Visiting Fellow - Harvard Business School (9/2022 - 5/2023)

PhD in Finance - Univ. St. Gallen (2019 - ongoing)

MSc Banking & Finance - Univ. Innsbruck (2016 - 2018; Thesis available here)

Exchange Semester - HEC Lausanne (2017)

BSc Management & Economics - Univ. Innsbruck (2013 - 2016)

Technical College (HTL; 2007 -2012)

Awards & Grants

European Finance Association (EFA) travel grant

Prix du Centre de Professions Financières, 31st Concours international des Mémoires de l'Economie et de la Finance (2019)

Erste Asset Management Challenge (winner; 2018)

Dean's List, Univ. Innsbruck (2018)

2x merit-based Scholarship, Univ. Innsbruck (2017, 2018)


Assistant - Univ. St. Gallen (2019 - ongoing)

Assistant - Univ. Innsbruck (2018)

Quantitative Analyst - 3BG Investment GmbH (2018)

Military Service, Mountain Infantry (2012)

Non-Academic Internships:Social Responsible Investments, Erste Asset Managment GmbH (2019)Risk Management, Immobank AG (2016)Mechanical Engineer, WWG GmbH (2015)

Non-Academic Achievments:

3x IRONMAN finisher (long-distance Triathlon)