Classical approaches to optimal portfolio selection problems are based 
on probabilistic models for the asset returns or prices. However, by 
now it is well observed that the performance of optimal portfolios are 
highly sensitive to model misspecifications. To account for various 
type of model risk, robust and model-free approaches have gained more 
and more importance in portfolio theory. Based on a rough path 
foundation, we develop a model-free approach to stochastic portfolio 
theory and Cover's universal portfolio. The use of rough path theory 
allows treating significantly more general portfolios in a model-free 
setting, compared to previous model-free approaches. Without the 
assumption of any underlying probabilistic model, we present pathwise 
Master formulae analogously to the classical ones in stochastic 
portfolio theory, describing the growth of wealth processes generated 
by pathwise portfolios relative to the wealth process of the market 
portfolio, and we show that the appropriately scaled asymptotic growth 
rate of Cover's universal portfolio is equal to the one of the best 
retrospectively chosen portfolio. The talk is based on joint work with 
Andrew Allan, Christa Cuchiero and Chong Liu.

 

 In this talk, we will present the tools of regularity structures to deal with singular stochastic PDEs that involve non-translation invariant differential operators. We describe in particular the renormalized equation for a very large class of spacetime dependent renormalization schemes. Our approach bypasses the previous approaches in the translation-invariant setting. This is joint work with Ismael Bailleul.

Given a point and a loop in the plane, one can define a relative integer which counts how many times the curve winds around the point. We will discuss how this winding function, defined for almost every points in the plane, allows to define some integrals along the loop. Then, we will investigate some properties of it when the loop is Brownian.
In particular, we will explain how to recover data such as the Lévy area of the curve and its occupation measure, based on the values of the winding of uniformly distributed points on the plane.

I will present recent results on the statistical behaviour of a large number of weakly interacting diffusion processes evolving under the influence of a periodic interaction potential. We study the combined mean field and diffusive (homogenisation) limits. In particular, we show that these two limits do not commute if the mean field system constrained on the torus undergoes a phase transition, i.e., if it admits more than one steady state. A typical example of such a system on the torus is given by mean field plane rotator (XY, Heisenberg, O(2)) model. As a by-product of our main results, we also analyse the energetic consequences of the central limit theorem for fluctuations around the mean field limit and derive optimal rates of convergence in relative entropy of the Gibbs measure to the (unique) limit of the mean field energy below the critical temperature. This is joint work with Matias Delgadino (U Texas Austin) and Rishabh Gvalani (MPI Leipzig).

We say that a graph G is Local-to-Global rigid if there exists R>0 such that every other graph whose balls of radius R are isometric to the balls of radius R in G is covered by G. Examples include the Euclidean building of PSLn(Qp). We show that the rigidity of the building goes further by proving that a reconstruction is possible from only a partial local information, called “print”. We use this to prove the rigidity of graphs quasi-isometric to the building among which are the torsion-free lattices of PSLn(Qp).

Orbifolds are a generalisation of manifolds which allow group actions to enter the picture. The most basic examples of orbifolds are quotients of manifolds by (non-free) finite group actions.
I will give an introduction to orbifolds, recalling a number of philosophically different but mathematically equivalent definitions. For starters, I will try to convince you that "a space locally modelled on a quotient of R^n by a finite group" is misleading. I will draw many pictures of orbifolds, make the connection to complexes of groups, and explain the definition of a map of orbifolds. In the process, I hope to demystify the definition of the orbifold fundamental group, the orbifold Euler characteristic and orbifold cohomology.

In this talk, I will discuss the important Grothendieck conjecture which originated Grothendieck-Teichmuller Theory, a bridge between Topology and Number Theory. On the geometric side, there is the study of automorphisms of mapping class groups that satisfy compatibility conditions with respect to subsurface inclusions. On the other side, there is the study of the absolute Galois group of the rationals, one of the most important objects in Number Theory today.
In my talk, I will introduce these objects and discuss the recent progress that has been made in understanding such automorphisms of mapping class groups. No background in Number Theory or Galois Theory is required.

Finiteness properties of groups provide various generalisations of the properties "finitely generated" and "finitely presented." We will define different types of finiteness properties and discuss Bestvina-Brady groups as they provide examples of groups with interesting combinations of finiteness properties.

Given a group G acting on a CAT(0) polygonal complex, X, it is natural to ask whether the structure of X allows us to deduce properties of G. We discuss some recent work on local properties that X may possess which allow us to answer these questions - in many cases we can in fact deduce that the group is a linear group over Z.

Button observed that finitely generated linear groups containing no nontrivial unipotent matrices behave much like groups admitting proper actions by semisimple isometries on complete CAT(0) spaces. It turns out that any finitely generated linear group possesses an action on such a space whose restrictions to unipotent-free subgroups are in some sense tame. We discuss this phenomenon and some of its implications for the representation theory of certain 3-manifold groups.