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Welcome at LFIN !

LFIN, Louvain Finance, is a research center of the Université catholique de Louvain, located in Louvain-la-Neuve (Belgium). It has been founded in 2016 and it now houses about 11 professors, and 15 researchers.

LFIN promotes and contributes to academic research in Finance via its research projects and the organization of top-level PhD courses, conferences and other public research activities. The Center’s main area of expertise are related to most of the areas of finance, including Asset Pricing, International Finance, Asset and Risk Management, Mathematical Finance, Macro-Finance, Market Microstructure, Corporate Finance and Behavioral Finance.

The center is leading several innovative projects, such as the first Bloomberg learning center in Belgium and it is supported in its activities by leading private institutions such as TreeTop Asset Management and Candriam.

Together with CORE, IRES, ISBA, LFIN, and SMCS, LFIN is part of the Institute of Multidisciplinary Research for Quantitative Modeling and Analysis (LIDAM) where researchers develop and use a coherent set of tools and methods for quantitative modeling and analysis in their various fields of expertise.

What's new at LFIN ?

  • 26 March 2026
    How Francesco Roccazzella built a dual career between academia and Central Banking
    “My PhD did not just give me techniques. It gave me a structured way of thinking about economic mechanisms.”
  • 16 March 2026
    How to build the best portfolio when the future is uncertain ?
    Rodolphe Vanderveken dives into one of the most practical and challenging questions in finance: how to select the best portfolio when the key data you rely on might be wrong ... Watch the video >
  • 11 September 2025
    Louvain Finance day - 08/10/2025
    Topic : Navigating through Economic and Financial Uncertainty, with Frédéric Vrins (LFIN) ; Pierre Wunsch (Governor of the National Bank of Belgium) ; Charlotte de Montpellier (ING) ; Matthew Lehrfeld (American Chamber of Commerce in Belgium).
  • 1 August 2025
    La fin du multilatéralisme
     Bertrand Candelon "C'est clairement la fin du multilatéralisme qu'on avait mis en place à la fin de la Deuxième Guerre mondiale, on voit bien que Monsieur Trump remet en cause l'Organisatio
  • 20 March 2025
    Derivatives Pricing - Frédéric Vrins
     Ready to explore quantitative finance like never before? Discover "Derivatives Pricing" : The latest book by Professor Frédéric Vrins (LFIN)!
  • 21 November 2024
    Fast & Serious with Tom Duterme
     Meet Tom Duterme, a PhD student at UCLouvain (LIDAM), working at the intersection of sociology and finance .In this video, Tom delves into his research on the role of financial information in gu
  • 6 February 2024
    Antoine Duysinx (LFIN) has written one of the three best finance dissertations in Belgium in 2023
      Antoine Duysinx (LFIN) has written one of the three best finance dissertations in Belgium in 2023 !  The subject ?

Latest LFIN Discussion Papers

  • 11 March 2026
    LFIN DP 2026 / 02
    Clagging: an efficient alternative to bagging / Arnaud Germain, Frédéric Vrins. > We introduce a new forecast combination strategy called clagging (for cluster aggregating), which consists in
  • 5 March 2026
    LFIN DP 2026 / 01
    ESG Mutual Fund Attributes and Investor Behavior / Bertrand Candelon, Jean-Baptiste Hasse. > In this paper, we investigate investor behavior related to the attributes of ESG mutual funds.
  • 5 December 2025
    LFIN DP 2025 / 05
    Testing for the Interconnection channel / Bertrand Candelon, Angelo Luisi.> When modeling the dynamics of a large cross section of interdependent variables, the employment of small scale Vector Aut
  • 5 December 2025
    LFIN DP 2025 / 04
    Forecasting European Sovereign Spreads using Machine Learning / Roland Bouillot, Bertrand Candelon, Clemens Kool.> Accurate forecasting constitutes a central objective for policymakers.
  • 7 August 2025
    LFIN DP 2025 / 03
    Efficient Monte Carlo estimation of credit concentration risk / Matteo Barbagli, Frédéric Vrins. > In this paper we address the explicit exclusion of credit concentration risk from the Pillar
  • 15 July 2025
    LFIN DP 2025 / 02
    Shrink with Purpose: Optimal Covariance Matrix Estimation for Portfolio Selection / Nathan Lassance, Rodolphe Vanderveken, Frédéric Vrins. > We introduce analytical linear and nonlinear shrink
  • 2 April 2025
    LFIN DP 2025 / 01
    On the distribution of the integral of a function with respect to a Brownian Bridge / Frédéric Vrins. > We derive a couple of results associated with the distribution of the integral J of a sq