Education
He graduated Phi Beta Kappa from Harvard University in 1953, and earned a Doctor of Philosophy in mathematics from Harvard in 1958, with a dissertation entitled Derivations in Commutative Semi-Simple Banach Algebras.
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Leonard Esau Baum
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At the time he wrote his work with Welch, he was working for the Institute for Defense Analyses in Princeton, New Jersey. Later, in the late 1970s and early 1980s, Baum used mathematical models for currency trading, working with Monemetrics, a predecessor of hedge fund management company Renaissance Technologies.
