Scott Patterson's book serves as something of a corrective to the prevailing narrative on Wall Street over the past few decades—that raw cognitive abilities and ever more complex mathematical models will smooth out risk and bring us the Great Moderation.
Ayaan Hirsi Ali's most recent book, "“Nomad: From Islam to America,” is a challenging, thought-provoking, and personal account of her rejection of Islam and the cooperative response to the religion that she believes is needed from the West.
Odyssey Investment Partners LLC and HFV Management LP have reached agreements with New York Attorney General Andrew Cuomo that resolve probes of their involvement with pay-to-play at the state pension fund.
Following a nearly year-long review, the biggest US public pension has OK'ed a new asset allocation to position the fund for better risk-adjusted performance.
A new report by EarthRights International (ERI) has shown how the Norwegian Government Pension Fund Global has $4.7 billion invested in 15 oil and gas companies from eight countries operating in Myanmar, putting Norway in violation of its own Ethical Guidelines for responsible investment.
In the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pensions, the global consulting and actuarial firm showed these plans experienced a $22 billion decrease in pension funded status for the month of November.
A legal firm hired to scrutinize the CalPERS’ staffing and conflict-of-interest issues has recommended barring employees from leaving for asset management firms with ties to the pension giant.
While lawsuits over allegedly imprudent cash-collateral reinvestment programs continue to work their way through the courts, a Senate subcommittee has reportedly started an investigation into securities lending providers.
From aiCIO Magazine: Editor-at-Large Joe Flood executes the ultimate tie-in-reviewing a book on the roots of innovation (whose author shares an editor with Flood) two weeks after our Industry Innovation Awards. Kudos, Flood.
Cover Story from aiCIO Magazine: Warren Buffett chooses an heir. Kip McDaniel & Paula Vasan report.
Strategy + Tactics from aiCIO Magazine: "We call it a capital preservation philosophy," notes Theodore Economou, the pension head at the European Organization for Nuclear Research (CERN), echoing Benjamin Graham's mantra that to win, the first thing you have to do is not lose. "Losing money is not okay."
From aiCIO Magazine: This is the new era of fund administration—the ‘Yes We Do’ era, not just for administrators, but for managers, as well as end investors. Bonnie Scott reports.
From aiCIO Magazine: It is a curious twist of historical fate: Two bodies established to enshrine the past of an impoverished nation are the forerunners of a very wealthy future. Nick Lord reports.
The Consultant Corner from aiCIO Magazine: As the consultant industry—an expensive, time-consuming, litigious space—continues to shift, one can't help wonder if other firms will follow Mercer's lead in a clustering effect, spurred by fear of being the last out. aiCIO Senior Editor Paula Vasan reports.
From aiCIO Magazine: CalSTRS is quietly undermining public funds’ staid image with a unit focused exclusively on testing new investment strategies. aiCIO Editor-in-Chief Kip McDaniel reports.