B.S., University of Puerto Rico
M.S., Ph.D, Polytechnic University
Fred Novomestky has significant experience
in creating and managing information technology based solutions
to business problems in the financial services industry. These
solutions have been implemented on a stand alone platform as
well as interactive, distributed, client/server applications.
Fred brings to Polytechnic over twenty-six years of experience
in information technology development, investment and risk management
product R&D, and client advisory work. He has developed and
managed these business solutions across a wide range of hardware
platforms using a variety of software tools.
His recent industry work involves the development of Web-based,
interactive applications using Java and multimedia object development
tools. Fred is interested in using these emerging technologies
for interactive management education.
After receiving his Ph.D. in 1982, he continued his relationship
with Polytechnic by assisting with the task of redesigning the
Management Information System graduate program. He then continued
teaching part-time for Polytechnic in 1983. Fred returned to
part-time teaching in 1996 at Polytechnic focusing on the quantitative
courses such as business statistics. He also teaches courses
in portfolio optimization and risk management for the Center
for Finance and Technology. From 1973 to 1996, Fred worked for
the Chase Manhattan Bank and Chase Investors Management Corporation
as Vice President responsible for Financial Engineering and Investment
Product Research and Development. Before that, he was a Member
of Technical Staff at Bell Telephone Laboratories, where he performed
system engineering studies of military defense components, including
ballistic trajectory estimation algorithms and phased array radars.
Research Interests:
Fred's research interests center on object-oriented numerical
methods and evolutionary computation algorithms applied to business
optimization problems, systems with distributed objects and quantitative
investment strategy. He recently completed a study entitled "A
Dynamic, Globally-Diversified, Index Neutral Synthetic Asset
Allocation Strategy" which has been accepted for publication
in Management Sciences. His most recent publication is entitled
"Replication of Long-Term with Short-Term Options"
which he co-authored with K.S. Choie and appeared in the Winter
1989 issue of the Journal of Portfolio Management
Contact Information:
Polytechnic University
6 Metrotech Center
Brooklyn, NY 11201
Telephone 718.260.3436
Fax 718.260.3874
E-mail: fnovomes@poly.edu