Andrew W.Lo, 1960 was born in Hongkong, China in April, and 1965 immigrated to new york. 1984 received a doctorate in economics from Harvard University. 1985- 1989 used to be a researcher at the National Bureau of Economic Research (NBER), among which 1987- 1988 used to be an associate professor of finance at Wharton Business School. 1988- 1992 is an associate professor of finance at the Massachusetts Institute of Technology (MIT), 1990 was awarded tenure, and 1992 became a professor. At present, he is Harris &; Professor of Finance, Harris Group. He founded the financial engineering laboratory in Si Long School of Management and served as the laboratory director. Today, the laboratory has gathered a large number of famous financial economists, representing the highest level of financial engineering in the United States. In 2004, he was elected as the youngest member of Academia Sinica in Taiwan Province Province, China. Luo Wenquan is recognized as a financial economist, a leading figure in financial engineering, the founder of hedge fund research and bio-finance, and the first financial economist in China. His research fields include financial theory, financial information technology, risk management, portfolio management, hedge funds and financial econometrics. His most famous contributions include: putting forward the variance ratio test in 1988, and pointing out that the stock price is not satisfied even with the generalized random walk hypothesis; It is pointed out that the classical dogma in the Financial Efficient Market Hypothesis (12MH) is not valid, and the Adaptive Market Hypothesis (AMH) is proposed to replace EMH. Created bio-finance; The mean-variance analysis framework of Markowitz is developed and the mean-variance-liquidity analysis framework is proposed. He is also the founder and partner of Alpha Simplex Group, a hedge fund.