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.

  • The Quant Who Won't Shut Up

    After losses of more than 50 percent in 2007 and 2008, Cliff Asness of AQR Capital Management is starting new hedge and mutual funds--and sounding off on everything from taxes to Tea Partiers.

  • 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.

  • Andrew Lo on the Volatility of Volatility

    July 31 (Bloomberg) -- MIT Finance Professor Andrew Lo discusses the volatility of volatility. He speaks with Adam Johnson and Alix Steel on Bloomberg Television's "Street Smart." (Source: Bloomberg)

  • Trading Pennies Into $7 Billion Drives High-Frequency’s Cowboys

    A cowboy-hat-wearing robot with “Sell” emblazoned across its chest adorns a wall-length mural in the lounge of RGM Advisors LLC in Austin, Texas. Another robot, with “Buy” on it, wobbles toward a green Wall Street sign as two machines tote spark-emitting high-speed cables.

  • 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.

  • 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.

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