Peter Lin

Thomas Y. L. Lin, Jerry Yao-Chieh Hu, Paul W. Chiou et al.

We revisit the Bayesian Black-Litterman (BL) portfolio model and remove its reliance on subjective investor views. Classical BL requires an investor "view": a forecast vector $q$ and its uncertainty matrix $Ω$ that describe how much a chosen portfolio should outperform the market. Our key idea is to treat $(q,Ω)$ as latent variables and learn them from market data within a single Bayesian network. Consequently, the resulting posterior estimation admits closed-form expression, enabling fast inference and stable portfolio weights. Building on these, we propose two mechanisms to capture how features interact with returns: shared-latent parametrization and feature-influenced views; both recover classical BL and Markowitz portfolios as special cases. Empirically, on 30-year Dow-Jones and 20-year sector-ETF data, we improve Sharpe ratios by 50% and cut turnover by 55% relative to Markowitz and the index baselines. This work turns BL into a fully data-driven, view-free, and coherent Bayesian framework for portfolio optimization.

Todd Huster, Peter Lin, Razvan Stefanescu et al.

Neural networks can conceal malicious Trojan backdoors that allow a trigger to covertly change the model behavior. Detecting signs of these backdoors, particularly without access to any triggered data, is the subject of ongoing research and open challenges. In one common formulation of the problem, we are given a set of clean and poisoned models and need to predict whether a given test model is clean or poisoned. In this paper, we introduce a detector that works remarkably well across many of the existing datasets and domains. It is obtained by training a binary classifier on a large number of models' weights after performing a few different pre-processing steps including feature selection and standardization, reference model weights subtraction, and model alignment prior to detection. We evaluate this algorithm on a diverse set of Trojan detection benchmarks and domains and examine the cases where the approach is most and least effective.