MARK DEACON has worked as a quantitative analyst at the UK
Debt Management Office (DMO) in London since April 1998, having
formerly worked at the Bank of England. He is also Deputy Head of
the DMO's External Liaison Unit, as well as having overall
responsibility for the DMO web site.
The research carried out by Andrew Derry and Mark on the use of
indexed and nominal bond prices to derive estimates of inflation
expectations formed the basis of the 1994 book Estimating and
Interpreting the Yield Curve (which they co-authored with three
others). Mark and Andrew worked together again on the first edition
of Inflation-Indexed Securities, which was published in 1998. Mark
has written chapters in the Handbook of Inflation Indexed Bonds and
in Investment Banking: Theory and Practice.
Mark has an MSc and a BSc in Mathematics from Warwick University
and has also studied at the London School of Economics. In 1998 he
was awarded Chartered Mathematician status and in 2001 joined the
Editorial Board of the Journal of Bond Trading & Management.
ANDREW DERRY works for JWM Pa rtners, a fixed-income
relative value hedge fund manager. He is based in London and is
part of the team responsible for the funds' European fixed-income
investments, with particular responsibility for managing positions
in the UK and other non-EMU countries, a role he has performed
since the company's formation in 1999.
Prior to joining JWM Partners, from 1994 to 1999 Andrew worked for
LTCM in London and Tokyo. Previously, from 1991 to 1994 he worked
as an analyst in the Quantitative Financial Economics Group at the
Bank of England.
Andrew has a BSc in Economics with Computing and Statistics from
the University of Bath, and an MSc in Applied Statistics and
Operational Research from Birkbeck College, University of
London.
DARIUSH MIRFENDERESKI is the senior inflation derivatives
trader at Barclays Capital. Based in London, he has been
responsible for trading all UK and European inflation swaps and
options since 1998. Additionally, he has been closely involved with
the Barclays derivatives sales force in promoting client interest
and familiarity with inflation-linked derivatives, covering
corporate, financial institution, and hedge fund client bases.
Dariush has also been leading Barclays' efforts in developing the
new market for US CPI swaps in 2003.
Prior to joining Barclays, Dariush worked from 1993-1996 in San
Francisco at EQECAT, a risk consultancy specializing in catastrophe
risk assessment for insurance and reinsurance companies, where he
was responsible for the modelling of the risk-simulation and
insurance pricing models.
Dariush obtained his BSc and MSc degrees from UCL and Imperial
College London and subsequently a PhD in engineering at the
University of California at Berkeley.
