Founded in 1996 the Centre for Financial Research (CFR) is based in the Statistical Laboratory at the Centre for Mathematical Sciences of the University of Cambridge. It is a centre of academic excellence with interests in mathematical and computational finance (including derivatives, risk management, trading systems, real options, foreign exchange, stock and commodity markets, fund management and hedge funds). In 2008 it amalgamated with the Centre for Research in Quantitative Finance (CRQF) and moved from the Judge Business School to the Centre for Mathematical Sciences.