Editorial
Vale Steve Ross
Steve Ross was a pioneer of fields such as asset pricing, investment management and corporate finance. His colleagues at MIT and Caltech regarded him as generous and kind.
Amanda WhiteMarch 10, 2017
Uncategorised posts
Managing culture with risk management techniques
The interaction between governance, culture and performance is increasingly a topic around asset owner board tables. But little has been written about the relationship between culture and the financial crisis, and how to change culture in financial services organisations. Andrew Lo, professor of finance at MIT, has come up with a proposal to change culture […]
Amanda WhiteJuly 17, 2015
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Innovation to align investors with the social good
The CFA Institute’s president John Rogers, believes there is evidence of innovation in investment products that meet the needs of asset owners in a more sustainable, longer-term way, and points to the work of professors and advisors to the CFA , Andrew Lo of MIT and Robert Shiller of Yale. One of the main […]
Amanda WhiteFebruary 19, 2014
Uncategorised posts
A new model of liquidity
The risk-adjusted benefit of being able to rebalance a portfolio is worth tens of basis points, according to new research that assigns risk and return measures to liquidity so it can be analysed alongside other portfolio decisions. The award-winning research is now being used by large sovereign wealth funds, to determine the value they should […]
Amanda WhiteJanuary 8, 2014
Uncategorised posts
Merton’s message: give up on alpha
Nobel Prize winner, Robert Merton, has thrown down the gauntlet. He claims that by focusing on a retirement income goal he can beat any competitor that is managing a 70:30 portfolio that has wealth accumulation as the goal. Do you dare take him on? The defined contribution pension management industry has it wrong, according to […]
Amanda WhiteDecember 18, 2013