Wolfgang Schadner

Researcher: Quantitative Finance



Which is Worse: Heavy Tails or Volatility Clusters? (Schadner W. and Traut J.)

Return Auto-Correlation as Implied by Option Prices (Schadner W.)



Direct Fit for SVI Implied Volatilities, Journal of Derivatives (forthcoming)

Estimating Forward-Looking Stock Correlations from Risk Factors, Mathematics (2022), (JIF:  2.6)*

U.S. Politics from a Multifractal Perspective, Chaos, Solitons & Fractals (2022), (JIF:  9.9)*

On the Persistence of Market Sentiment, Physica A (2021), (JIF:  3.8)*

The trilemma of expansionary monetary policy in the Euro area during the COVID-19 crisis, Finance Research Letters (2021), (JIF:  9.8)*

Forward Looking Up-/Down Correlations, Quantitative Finance and Economics (2021), (JCR: Q1)*

Ex-Ante Risk Factors and Required Structures of the Implied Correlation Matrix, Finance Research Letters (2020), (JIF:  9.8)*

An Idea of Risk-Neutral Momentum and Market Fear, Finance Research Letters (2020), (JIF:  9.8)*

*Journal metrics taken from Clarivate's Web of Science, 2022.

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


PostDoc - Liechtenstein Business School (8/2023 - present)

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

Research Associate - Univ. St. Gallen (2019 - 2023)

Research/Teaching Assistant - Univ. Innsbruck (2018)

Quantitative Analyst - 3BG Investment GmbH (2018)

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

Military Service, Alpine Infantry (2012)


PhD in Finance - Univ. St. Gallen (2019 - 2023)

MSc Banking & Finance - Univ. Innsbruck (2016 - 2018)

Visiting Student - HEC Lausanne (2017)

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

Environmental Engineering (2007 -2012)
(Technical College, HTL)

Awards & Grants

Swiss Finance Institute: SFI Best Paper Doctoral Award (for the project "Which is Worse ..."  with Joshua Traut; 2023) 

European Finance Association (EFA) travel grant 2022

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)


Instructor at a kids adventure camp in the Austrian alps. Since 2016, one week every July.

Non-Academic Achievments:

3x IRONMAN finisher (long-distance Triathlon)