Prof. Dr. Peter Schwendner

ZHAW School of Management and Law
Institut für Wealth & Asset Management
Gertrudstrasse 8
8400 Winterthur

+41 (0) 58 934 78 86
peter.schwendner@zhaw.ch

Arbeit an der ZHAW

Tätigkeit

Arbeits- und Forschungsschwerpunkte

Lehrtätigkeit

Lehrtätigkeit in der Weiterbildung

CAS Sustainable Investing

Berufserfahrung

Dozent
Zürcher Hochschule für Angewandte Wissenschaften
2013 - heute
Partner, COO
Fortinbras Asset Management
2009 - 2013
Managing Director, Head of Quant Research
Sal. Oppenheim jr. & Cie.
1998 - 2009
PhD Student
Max-Planck-Institut Göttingen
1995 - 1998

Aus- und Weiterbildung

Ausbildung

Dr. rer. nat. / Physik
Georg-August-Universität Göttingen
1995 - 1998

Weiterbildung

Instructor Certification and University Ambassador
NVIDIA Deep Learning Institute
2024
CAS Foreign Affairs & Applied Diplomacy
ZHAW
2019
Commodity-Advisor
ebs/BAI
2012
Financial Risk Manager
GARP
2003
Chartered Financial Analyst
CFA Institute
2002

Netzwerk

Mitglied in Netzwerken

Social Media

Projekte

Publikationen

Beiträge in wissenschaftlicher Zeitschrift, peer-reviewed

Sutiene, Kristina; Schwendner, Peter; Sipos, Ciprian; Lorenzo, Luis; Mirchev, Miroslav; Lameski, Petre; Kabasinskas, Audrius; Tidjani, Chemseddine; Ozturkkal, Belma; Cerneviciene, Jurgita,

2024.

Enhancing portfolio management using artificial intelligence : literature review.

Frontiers in Artificial Intelligence.

7(1371502).

Verfügbar unter: https://doi.org/10.3389/frai.2024.1371502
Hillebrand, Martin; Mravlak, Marko; Schwendner, Peter,

2023.

Investor demand in syndicated EFSF/ESM bond issuances.

Open Research Europe.

3(96).

Verfügbar unter: https://doi.org/10.12688/openreseurope.15961.1
De Meer Pardo, Fernando; Schwendner, Peter; Wunsch, Marcus,

2022.

Tackling the exponential scaling of signature-based generative adversarial networks for high-dimensional financial time-series generation.

The Journal of Financial Data Science.

4(4), S. 110-132.

Verfügbar unter: https://doi.org/10.3905/jfds.2022.1.109
Posth, Jan-Alexander; Kotlarz, Piotr Kamil; Hadji Misheva, Branka; Osterrieder, Jörg; Schwendner, Peter,

2021.

The applicability of self-play algorithms to trading and forecasting financial markets.

Frontiers in Artificial Intelligence.

4(668465).

Verfügbar unter: https://doi.org/10.3389/frai.2021.668465
Papenbrock, Jochen; Schwendner, Peter; Jaeger, Markus; Krügel, Stephan,

2021.

Matrix evolutions : synthetic correlations and explainable machine learning for constructing robust investment portfolios.

The Journal of Financial Data Science.

3(2), S. 51-69.

Verfügbar unter: https://doi.org/10.3905/jfds.2021.1.056
Schwendner, Peter; Papenbrock, Jochen; Jaeger, Markus; Krügel, Stephan,

2021.

Adaptive seriational risk parity and other extensions for heuristic portfolio construction using machine learning and graph theory.

The Journal of Financial Data Science.

3(4), S. 65-83.

Verfügbar unter: https://doi.org/10.3905/jfds.2021.1.078
Jaeger, Markus; Krügel, Stephan; Marinelli, Dimitri; Papenbrock, Jochen; Schwendner, Peter,

2021.

Interpretable machine learning for diversified portfolio construction.

The Journal of Financial Data Science.

3(3), S. 31-51.

Verfügbar unter: https://doi.org/10.3905/jfds.2021.1.066
Schwendner, Peter,

2020.

Advances in financial machine learning.

Quantitative Finance.

20(2), S. 189-190.

Verfügbar unter: https://doi.org/10.1080/14697688.2019.1703030
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2019.

Sentiment analysis of European bonds 2016 - 2018.

Frontiers in Artificial Intelligence.

2(20).

Verfügbar unter: https://doi.org/10.3389/frai.2019.00020
Packham, Natalie; Papenbrock, Jochen; Schwendner, Peter; Woebbeking, Fabian,

2016.

Tail-risk protection trading strategies.

Quantitative Finance.

17(5), S. 729-744.

Verfügbar unter: https://doi.org/10.1080/14697688.2016.1249512
Schwendner, Peter; Schüle, Martin; Ott, Thomas; Hillebrand, Martin,

2015.

European government bond dynamics and stability policies : taming contagion risks.

Journal of Network Theory in Finance.

1(4), S. 1-25.

Verfügbar unter: https://doi.org/10.21314/JNTF.2015.012
Papenbrock, Jochen; Schwendner, Peter,

2015.

Handling risk-on/risk-off dynamics with correlation regimes and correlation networks.

Financial Markets and Portfolio Management.

29(2), S. 125-147.

Verfügbar unter: https://doi.org/10.1007/s11408-015-0248-2

Konferenzbeiträge, peer-reviewed

Schüle, Martin; Ott, Thomas; Schwendner, Peter,

2016.

Forecasting correlation structures [Paper].

In:

Proceedings of the 2016 international symposium on nonlinear theory and its applications.

2016 International Symposium on Nonlinear Theory and Its Applications (NOLTA2016), Yugawara, Japan, 27-30 November 2016.

IEICE.
Schwendner, Peter,

2015.

European government bond dynamics and stability policies : taming contagion risks [Poster].

In:

6th ESOBE Conference «Complexity in Economics», Gerzensee, 29. Oktober 2015.
Schwendner, Peter; Packham, Nathalie; Papenbrock, Jochen,

2014.

Tail-risk protection trading strategies [Poster].

In:

8th World Congress of the Bachelier Finance Society, Brussels, Belgium, 2-6 June 2014.

Weitere Publikationen

Posth, Jan-Alexander; Schwendner, Peter; Laube, Patrick; Orpiszewski, Tomasz,

2024.

Bio-value-at-risk : a concept to assessing the implications of biodiversity risks on portfolio management using geospatial analysis.

SSRN.

Verfügbar unter: https://doi.org/10.2139/ssrn.4784271
Kimmerle, Hendrik; Schwendner, Peter; Döbeli, Sabine,

2023.

The role of derivatives in sustainable investing : a practical guide to addressing sustainability-related challenges linked to the use of derivatives in sustainable portfolios.

Zurich:

Swiss Sustainable Finance.

Verfügbar unter: https://www.sustainablefinance.ch/upload/rm/ss/fs/ssf-spotlight-derivatives-final-1.pdf
Henrici, Andreas; Füchslin, Rudolf M.; Schwendner, Peter,

2023.

Editorial: Artificial Intelligence in Finance and Industry: volume II—highlights from the 7th European conference.

Frontiers in Artificial Intelligence.

6(1267377).

Verfügbar unter: https://doi.org/10.3389/frai.2023.1267377
Henrici, Andreas; Schwendner, Peter; Deflorin, Patricia; Wilhelm, Dirk; Füchslin, Rudolf Marcel, Hrsg.,

2023.

Artificial Intelligence in Finance and Industry : Volume II - Highlights from the 7th European Conference.

7th European COST Conference on Artificial Intelligence in Industry and Finance, Winterthur, Switzerland, 28 September 2022.

Frontiers Research Foundation.

.

Verfügbar unter: https://www.frontiersin.org/research-topics/38909/
Papenbrock, Jochen; Ashley, John; Schwendner, Peter,

2022.

Accelerated data science, AI and GeoAI for sustainable finance in central banking and supervision [Paper].

In:

International Conference on "Statistics for Sustainable Finance", Paris, France, 14-15 September 2021.

Verfügbar unter: https://www.bis.org/ifc/publ/ifcb56_23.pdf
Deflorin, Patricia; Füchslin, Rudolf Marcel; Henrici, Andreas; Osterrieder, Joerg; Schwendner, Peter; Wilhelm, Dirk, Hrsg.,

2022.

Artificial Intelligence in Finance and Industry : highlights from 6 European COST conferences.

5th European COST Conference on Artificial Intelligence in Industry and Finance, Winterthur, Switzerland (online), 3 September 2020.

Frontiers Research Foundation.

.

Verfügbar unter: https://www.frontiersin.org/research-topics/18514/
Jaeger, Markus; Krügel, Stephan; Papenbrock, Jochen; Schwendner, Peter,

2021.

'Adaptive seriational risk parity' and other extensions for heuristic portfolio construction using machine learning and graph theory.

SSRN.

Verfügbar unter: https://doi.org/10.2139/ssrn.3806714
Hillebrand, Martin; Mravlak, Marko; Schwendner, Peter,

2021.

Investor demand in syndicated bond issuances : stylised facts.

Working Paper Series

; 50.

European Stability Mechanism.

ISBN 978-92-95223-11-0.

Verfügbar unter: https://doi.org/10.2852/793259
Posth, Jan-Alexander; Hadji Misheva, Branka; Kotlarz, Piotr Kamil; Osterrieder, Jörg; Schwendner, Peter,

2020.

The applicability of self-play algorithms to trading and forecasting financial markets : a feasibility study.

SSRN.

Verfügbar unter: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3737714
Papenbrock, Jochen; Schwendner, Peter; Jaeger, Markus; Krügel, Stephan,

2020.

Matrix evolutions : synthetic correlations and explainable machine learning for constructing robust investment portfolios.

SSRN.

Verfügbar unter: https://doi.org/10.2139/ssrn.3663220
Jaeger, Markus; Krügel, Stephan; Marinelli, Dimitri; Papenbrock, Jochen; Schwendner, Peter,

2020.

Understanding machine learning for diversified portfolio construction by explainable AI.

SSRN.

Verfügbar unter: https://doi.org/10.2139/ssrn.3528616
Giudici, Paolo; Hochreiter, Ronald; Osterrieder, Jörg; Papenbrock, Jochen; Schwendner, Peter,

2019.

Editorial : AI and financial technology.

Frontiers in Artificial Intelligence.

2(25).

Verfügbar unter: https://doi.org/10.3389/frai.2019.00025
Anhorn, Regina; Schwendner, Peter,

2018.

Das Hedge-Fund-Jahr hat die hohen Erwartungen erfüllt.

Neue Zürcher Zeitung.

S. 34.
Schwendner, Peter,

2017.

The impact of the European Union’s funding programs on bond yields.

The Charter.

17, S. 16-17.
Papenbrock, Jochen; Schwendner, Peter,

2017.

Maschinelle Intelligenz für Asset-Allokation und Portfoliokonstruktion.

Portfolio Institutionell.

2017(2), S. 16-18.
Schwendner, Peter; Meier, Peter,

2016.

Multi-Asset-Portfolios konvergieren zu Hedge Funds.

Schweizer Personalvorsorge.

2016(11), S. 2-3.
Schwendner, Peter,

2016.

The universe, an odd place.

The Charter.

2016(13), S. 13-16.
Packham, Natalie; Papenbrock, Jochen; Schwendner, Peter; Woebbeking, Fabian,

2015.

Tail-risk protection trading strategies.

Social Science Research Network.

Verfügbar unter: https://doi.org/10.2139/ssrn.2702275
Höllerich, Johannes; Schwendner, Peter,

2015.

Social Trading als Renditekick : Follower kopieren Trader.

Finanz und Wirtschaft.

S. 23.
Kelly, Scott; Chaplin, Andrew; Coburn, Andrew; Copic, Jennifer; Evan, Tamara; Neduv, Eugene; Ralph, Daniel; Ruffle, Simon; Schwendner, Peter; Skelton, Andrew; Yeo, Jaclyn Zhiyi,

2015.

Stress test scenario : eurozone meltdown.

Cambridge:

Cambridge Centre for Risk Studies.

Verfügbar unter: https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/risk/downloads/crs-eurozone-meltdown-financial-catastrophe.pdf
Papenbrock, Jochen; Schwendner, Peter,

2014.

Jetzt absichern! Aber wie?.

Portfolio Institutionell.

2014(1), S. 16-19.
Papenbrock, Jochen; Schwendner, Peter,

2013.

Dynamische Korrelationen : Wegweiser für Managed Futures.

Portfolio Institutionell.

2013(6), S. 12-15.

Mündliche Konferenzbeiträge und Abstracts

Schwendner, Peter,

2023.

Case studies of primary and secondary market dynamics.

In:

16th International Conference of the ERCIM WG on Computational and Methodological Statistics, 17th International Conference on Computational and Financial Econometrics, Berlin, Germany, 16-18 December 2023.
Orpiszewski, Tomasz; Schwendner, Peter; Thompson, Mark James,

2022.

How do stocks react to negative ESG incidents?.

In:

SSF/ZHAW Novel Data Solutions: Big Data and AI for Sustainable Investing - from Biodiversity Risks to Sustainable Gold, Zurich, Switzerland, 2 November 2022.
Jaeger, Markus; Krügel, Stephan; Marinelli, Dimitri; Papenbrock, Jochen; Schwendner, Peter,

2021.

Interpretable machine learning for diversified portfolio construction.

In:

6th European Conference on Artificial Intelligence in Industry and Finance, Winterthur, Switzerland, 9 September 2021.

Verfügbar unter: https://www.zhaw.ch/storage/engineering/institute-zentren/iamp/sp_acss/Schwendner_Interpretable_ML_20210909.pdf
Schwendner, Peter; Schuele, Martin; Hillebrand, Martin,

2020.

Convergence and divergence in European bond correlations.

In:

4th Regtech Workshop on AI in Finance, Vienna (Austria), 26 February 2020.
Schwendner, Peter; Kotsch, Raphaela; Betz, Regina,

2019.

Risks in carbon markets : lessons-learned from the flexibility mechanism under the Kyoto Protocol.

In:

UN Climate Change Conference (COP25), Side Events, Madrid (Spain), December 2019.
Hillebrand, Martin; Schwendner, Peter; Winant, Bastien; Mravlak, Marko,

2019.

Predicting investor behaviour in European bond markets : a machine-learning approach.

In:

4th European Conference on Artificial Intelligence in Finance and Industry, Winterthur, Switzerland, 5 September 2019.
Betz, Regina; Schwendner, Peter; Kotsch, Raphaela,

2019.

Transfers of Kyoto units in the Swiss Emissions Trading Registry : a network analysis from 2007-2014.

In:

4th European Conference on Artificial Intelligence in Finance and Industry, Winterthur, Switzerland, 5 September 2019.
Schwendner, Peter,

2019.

Convergence and divergence in European sovereign bonds.

In:

1st European Workshop on ML-Based Solutions in Finance, Winterthur, Schweiz, 4. September 2019.
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2019.

Correlation influence networks for sentiment analysis in European sovereign bonds.

In:

Financial Revolution - Sentiment Analysis, AI and Machine Learning, London, United Kingdom, 25-26 June 2019.
Schwendner, Peter,

2019.

Current European sovereign bond dynamics.

In:

Zurich Volatility Investing Event, Zurich, Switzerland, 24 October 2019.
Schwendner, Peter; Papenbrock, Jochen,

2019.

Financial application of network analysis.

In:

Big Data Analytics Knowledge Exchange Platform M1 Fin – Tech HO2020 project, Copenhagen, Denmark, 26-27 August 2019.
Schüle, Martin; Ott, Thomas; Schwendner, Peter,

2018.

Influence networks in financial markets : forecast scenarios.

In:

NDES 2018, 26th Nonlinear Dynamics of Electronic Systems Conference, Acireale, Italy, June, 11-13 2018.
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2018.

Correlation influence networks for sentiment analysis in European sovereign bonds.

In:

Financial Revolution - Sentiment Analysis, AI and Machine Learning, Zürich, Switzerland, 30 October 2018.
Schwendner, Peter; Schüle, Martin; Ott, Thomas; Hillebrand, Martin,

2018.

Sentiment in European sovereign bonds.

In:

3rd European COST Conference on Mathematics for Industry in Switzerland, Winterthur, 6 September 2018.

Verfügbar unter: https://www.zhaw.ch/storage/engineering/institute-zentren/iamp/sp_acss/Schwendner_20180906.pdf
Schüle, Martin; Ott, Thomas; Schwendner, Peter,

2017.

Forecasting correlation structures.

In:

NDES 2017, 25th Nonlinear Dynamics of Electronic Systems Conference, Zernez, 5-7 June 2017.

Verfügbar unter: https://www.ini.uzh.ch/~lorimert/NDES2017/assets/NDES2017_programme_booklet.pdf
Schwendner, Peter,

2017.

Data-driven risk analytics.

In:

26th Risk Management Innovation Platform, Frankfurt a. M., 23 November 2017.
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2017.

Network analytics of sovereign bond dynamics.

In:

Frankfurt Summit on Network Analysis, Frankfurt, Germany, 26 October 2017.
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2017.

Sovereign bond network dynamics.

In:

Mathfinance Conference, Frankfurt, Germany, 20-21 April 2017.
Hillebrand, Martin; Ott, Thomas; Schüle, Martin; Schwendner, Peter,

2016.

European government bond dynamics and stability policies.

In:

ADEMU Workshop on Risk-Sharing Mechanisms for the European Union, Fiesole, Italy, 20-21 May 2016.
Schüle, Martin; Schwendner, Peter,

2016.

European government bond dynamics and stability policies : taming contagion risks.

In:

9th Financial Risks International Forum, Paris, France, 21 March 2016.
Schwendner, Peter,

2015.

Case study : global macro correlation dynamics in 2016.

In:

TradeTech FX 2015, London. United Kingdom, 15-17 September 2015.
Schwendner, Peter; Schüle, Martin; Hillebrand, Martin,

2015.

European government bond dynamics and stability policies : taming contagion risks.

In:

Financial Risk and Network Theory, Cambridge, United Kingdom, 9 September 2015.

Verfügbar unter: https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/risk/downloads/150909_slides_schwendner.pdf
Schwendner, Peter; Papenbrock, Jochen; Eichenberger, Alexander,

2014.

Currency correlations in various timeframes and what this means for trading strategies.

In:

TradeTech FX 2014, London, United Kingdom, 16-18 September 2014.
Schwendner, Peter; Papenbrock, Jochen,

2014.

Multi-asset correlation dynamics : impact for specific investment strategies and portfolio risk.

In:

TSAM Europe: Performance Measurement & Investment Risk, London, United Kingdom, 1 March 2014.

The Summit for Asset Management (TSAM).
Schwendner, Peter,

2013.

New methodological answers to the new normal in risk and investment management.

In:

PRMIA Chapter Event, Frankfurt, Germany, 4-5 November 2013.

Professional Risk Managers' International Association (PRMIA).
Schwendner, Peter; Papenbrock, Jochen,

2013.

Understanding the changing relationships in asset class correlation and the impact for trading FX.

In:

TradeTech FX 2013, London. United Kingdom, 17-18 September 2013.

Publikationen vor Tätigkeit an der ZHAW

Engelmann, Bernd; Fengler, Matthias; Schwendner, Peter (2009). "Hedging under alternative stickiness assumptions: an empirical analysis for barrier options". Journal of Risk, 12
Engelmann, Bernd; Fengler, Matthias; Nalholm, Morten; Schwendner, Peter (2006). "Static versus Dynamic Hedges: An Empirical Comparison for Barrier Options". Review of Derivatives Research, 9, 3.
Fengler, Matthias; Schwendner, Peter (2004). "Quoting Multiasset Equity Options in the Presence of Errors from Estimating Correlations. Journal of Derivatives, 11, 4.
Engelmann, Bernd; Schwendner, Peter (1998). "The Pricing of Multi Asset Options using a Fourier Grid Method". Journal of Computational Finance, 1, 4.
Schwendner, Peter; Beck, Christian; Schinke, Reinhard (1998). “Ladder Climbing and Multiphoton Dissociation of Polyatomic Molecules Excited with Short Pulses: Basic Theory and Applications to HCO." Physical Review A, 58, 3.
Schwendner, Peter; Seyl, Frank; Schinke, Reinhard (1997). "Photodissociation of Ar_2^+ in Strong Laser Fields". Chemical Physics, 217, 2.
Fengler, Matthias; Pilz, Kay; Schwendner, Peter (2007). "Basket Volatility and Correlation": Nelken I. (ed.), "Volatility as an Asset Class". London: RISK Books.
Andreas, Annette; Engelmann, Bernd; Schwendner, Peter; Wystup, Uwe (2002). "Fast Fourier Method for the Valuation of Options on Several Correlated Currencies": Hakala J. (Ed.), U. Wystup (Ed.): Foreign Exchange Risk. London: RISK Books.
Schwendner, Peter; Engelmann, Bernd (2001). "Effizientes Pricing und Hedging von Multi-Asset Optionen": Eller, R. (Ed.), W. Gruber (Ed), C. Reif (Ed): Handbuch Gesamtbanksteuerung. Frankfurt: Schäffer-Poeschel.
Schwendner, Peter; Martin, Stephan; Papies, Simon (2002). "Transparentes Monte-Carlo-Verfahren zur Risikosteuerung im Aktienderivatebereich". Die Bank, 1
Schwendner, Peter; Engelmann, Bernd (2001). "Electronic Tools for Retail Hedging". Equity Risk Special Report, RISK, 1
Schwendner, Peter (2001). "Transparente Investmentstrategie durch konsistente Handelssysteme". Die Bank, 5

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