About Me

I am a finance lecturer at the University of Queensland with research interests in quantitative methods, empirical asset pricing and fintech. I have a PhD from the University of Sydney.

Prior to academia, I have more than 8 years experience in funds management.
I spent circa 3 years as a quantitative analyst at Macquarie Investment Management in the international systematic equities team and 3.5 years at Regal Funds Management as a quantitative analyst with their systematic long short portfolios in Sydney. I also worked as a macro and portfolio construction investment analyst at AustralianSuper, a multi-asset superannuation fund, in Melbourne. I am a CFA charterholder.

Professional Experience

University of Queensland

2018 -

UQ Business School, Lecturer in Finance

2018 -

Senior Asset Consultant

Macquarie Investment Management

2015 - 2018

Systematic Equities, Manager - Quantitative Analyst


2013 - 2015

Macro and Portfolio Construction, Senior Investment Analyst

Regal Funds Management

2010 - 2013

Quant Strategies, Quantitative Analyst

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PhD, Finance

(University of Sydney)

Masters, Computer Science

(University of Illinois, Urbana Champaign)

BCom(Hons), Actuarial Studies

(University of Melbourne)

GradCert, IT

(University of New South Wales)

CFA charterholder

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Programming Skills and Platform Familarity

Excel VBA


HTML / CSS / JavaScript

Axioma Portfolio

Factset, Bloomberg, CapitalIQ Clarifi

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Awards and Honors

2010 - 2013: Capital Markets CRC PhD Research Scholarship
2010 - 2013: Australian Postgraduate Awards Scholarship
2012: Best Paper Award, Accounting and Finance Association of Australian and New Zealand
2009: Kinsman Studentship Prize, University of Melbourne
2003 & 2004 : Bronze, Australian Mathematical Olympiad
2003: Diploma winner, International Mathematics Tournament of Towns, Russian Academy of Sciences

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Journal Publications

Wei WC 2018 'The impact of Tether grants on Bitcoin', Economics Letters, vol.171, pp. 19-22 [Link]
Wei WC 2018 'Liquidity and market efficiency in cryptocurrencies', Economics Letters, vol.168, pp. 21-24 [Link]
Gan Q, Wei WC and Johnstone D 2017 'Does the Probability of Informed Trading Model Fit Empirical Data?', Financial Review, vol.52:1, pp. 5-35 [Link]
Gan Q, Wei WC and Johnstone D 2015 'A faster estimation method for the probability of informed trading using hierarchical agglomerative clustering', Quantitative Finance, vol.15:11, pp. 1805-21 [Link]
Wei WC 2010 'Cloning hedge funds: a factor based approach', JASSA: The Finsia Journal of Applied Finance , Autumn, 2010, Issue 1, p.22(8) [Link]

Conference Presentations

'Does the Probability of Informed Trading Model Fit Empirical Data?', The Quantitative Methods in Finance 2016 Conference, Sydney, Australia, 16th December 2016
'Does the Probability of Informed Trading Model Fit Empirical Data?', 2015 Asian Finance Association Annual Conference, Changsha, China, 2nd July 2015
'Does the Probability of Informed Trading Model Fit Empirical Data?', 8th Nordic Econometric Meeting NEM2015, University of Helsinki, Finland, 30th May 2015
'Does the Probability of Informed Trading Model Fit Empirical Data?', 8th International Conference on Computational and Financial Econometrics CFE 2014, Pisa, Italy, 8th December 2014
'Cluster PIN: A New Estimation Method for the Probability of Informed Trading', World Finance Conference, Venice, Italy, 4th July 2014
'Comparing Time-Varying Price Impact and Information Impounding Time across Asian Stock Exchanges: An Adaptive Lasso Approach', 6th Financial Risks International Forum, Paris, France, 26th March 2013
'Comparing Information Content of Stock Trades across Asian Exchanges: An Adaptive Lasso Approach', 27th International Conference of the American Committee for Asian Economic Studies ACAES 2012-Financial Econometrics group (FEG), Melbourne, Australia, 27th October 2012
'Diminishing Price Impact in Asian Limit Order Book Markets', Proceedings of the 25th Australasian Finance and Banking Conference, Sydney, Australia, 18th December 2012
'Comparing the Information Content of Stock Trades: An Adaptive Lasso Approach (Awarded best finance paper)', Proceedings of the Accounting & Finance Association of Australia and New Zealand Conference AFAANZ 2012, Melbourne, Australia, 3rd July 2012


'It’s Hard to Short Crypto – And That’s Propping Up Prices, Study Finds', CoinDesk 7-Nov-2018
'Study Finds “No Evidence” of USDT Price Manipulation', Bitcoin News 23-Sep-2018
'Tether’s Impact on Bitcoin Price Not ‘Statistically Significant,’ Study Finds', CoinDesk 21-Sep-2018
'Swiss Crypto Startup Eidoo Announces Token Tied to The Price of Gold', CoinDesk 19-Sep-2018
'Cluster analysis gives academic inside look at trading', Australian Financial Review, 05-Feb-2014
'Chasing ‘informed trades’ can be a formula for succes', The Australian (Business Section), 03-Feb-2014