QWAFAFEW is an informal organization of quantitatively oriented professionals in various aspects of financial services (primarily investment management). The group was formed a number of years ago to provide a venue for quantitative researchers to discuss their evolving work with peers. As the field has become more “main stream” our membership has also broadened. Our membership includes a wide variety of interests and levels of responsibility. The members span the gamut from owners and senior executives of investment related organizations to recent entrants to the industry. Most attendees have some technical training beyond the M.B.A. level, and many have Ph.D.s All share a common interest in quantitative solutions to understanding investment markets.