Andrew Lo

Andrew Lo News

  • JPMorgan Dad Starts Biotech in Muscular Dystrophy Quest

    Ilan Ganot, a hedge fund banker at JPMorgan Chase & Co., left his life in finance to create a new business model aimed at developing drugs more quickly. His son’s life may depend on his success.

  • Calpers After Scandal Embraces Risk Facing $240 Billion Gap

    Joe Dear is giving a pep talk to more than two dozen colleagues at the California Public Employees’ Retirement System. As Dear paces before his people on this July afternoon in Sacramento, he implores them to shake off the funk of the pension fund’s recent troubles.

  • Cleaning Up Calpers

    After the largest U.S. pension fund lost $70 billion and got embroiled in an influence- peddling scandal, new investment chief Joe Dear says the only way out of this mess is to take more risk.

  • Asness Meets ‘Grim Reaper’ Before Fund Rebounds From 50% Loss

    Clifford Asness , who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of the administration of President Barack Obama , calling his economic team “Cossacks on a shtetl,” a reference to the Russian cavalrymen who sacked Jewish villages in Eastern Europe in the 19th century.

  • DeMark Fibonacci Charts Embraced by Cohen Lure Investors

    Past the two Bentleys in the driveway and beyond the pool and mini water park, the home theater and a sports bar hung with enough memorabilia to equip a basketball team, Tom DeMark has his office -- a dark, wood- paneled lair with six computer screens.

  • Janus's Intech to Revise Stock-Picking After $6.7 Billion in Withdrawals

    Janus Capital Group Inc. plans to tweak the stock-picking process at its Intech unit after a net $6.7 billion in client withdrawals from the quantitative-fund manager during the past six months.

  • Brain Scans Show Social Signals Used to Build Bubbles

    The same brain functions that enable people to be socially successful can also lead to financial ruin, according to a study.

  • Fama, Shiller, Hansen Win Nobel Prize for Asset-Price Work

    Eugene F. Fama, Robert J. Shiller and Lars Peter Hansen shared the 2013 Nobel Prize in Economic Sciences for at times conflicting research on how financial markets work and assets such as stocks are priced.

  • No Joy on Wall Street as Biggest Banks Earn $63 Billion

    Four years ago today, President George W. Bush signed into law the biggest corporate rescue in American history. Even as U.S. unemployment has remained above 8 percent for 43 months, the country’s biggest banks are making almost as much as they ever have.

  • Speed Geeks

    High-frequency firms deploying fast computers made $7.2 billion in trading profits in 2009. After the May 6 10-minute crash, regulators are studying how to put the brakes on.

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