Myron Scholes


Myron Scholes News

  • PCA Said to Shut Down Hedge Fund After CIC Withdraws Backing

    PCA Investments decided to shut a multistrategy hedge fund after China’s sovereign wealth fund, its only major outside investor, indicated it would pull its money, said two people familiar with the matter.

  • Mathew Gladstein, Options Guru With Merton, Scholes, Dies

    Mathew L. Gladstein, a Wall Street executive who tapped the expertise of Robert Merton and Myron Scholes -- future Nobel Prize-winners -- in the 1970s to bring options trading to the masses, has died. He was 90.

  • Andy Redleaf Math Fails as Whitebox Hedge Fund Loses Appetite for Ethanol

    A mile down an unpaved road on the outskirts of Canton, Illinois, population 14,500, stands a shuttered ethanol plant.

  • How Unhip Amazon Can Walk the Fashion Runway

    When I caught Jeff Bezos’s eye at the press preview for the Metropolitan Museum of Art’s new Costume Institute exhibit, which Amazon.com Inc. sponsored, his face burst into an enormous smile. I’d like to think this was because the Amazon chief executive officer likes me so much. (We see each other socially on rare occasions.)

  • Stamos Buys Back Stakes From Merrill Lynch, Mets’ Wilpon

    Peter Stamos, the former McKinsey & Co. consultant who joined New York Mets co-owners Fred Wilpon and Saul Katz to start a hedge-fund firm in 2002, reacquired their stakes through a management buyout.

  • Nobel Economists Back Austerity Amid Budget Cuts

    Nobel-prize winning economists including Robert Mundell, Reinhard Selten and Myron Scholes favor tough austerity measures to tackle deficits in Europe and the U.S. amid debt crises that shook the euro and saw the world’s largest economy lose a triple-A rating.

  • Wall Street Quants Owe a Debt to Obscure French Student

    The 21st century began with a major correction on Wall Street and a long period of volatility in global financial markets. The VIX, sometimes called the fear index, soared, and congressional hearings explored why major investment banks couldn’t better hedge market risk. Traders sought reprieve, and risk management became elevated from prudent practice to a tool for financial survival.

  • Fed Concerned About Overheated Markets Amid Record Bond Buys

    Federal Reserve officials are voicing increased concern that record-low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they reverse their unprecedented bond purchases.

  • Yuan Forwards Drop for Second Week on Global Recovery Concern

    Yuan forwards completed a second weekly decline before a report that economists predict will show U.S. growth in the last quarter was less than previously forecast, adding to evidence the global recovery is faltering.

  • Hedge Fund in a Single Security Makes Bogle See ETFs as Insane

    The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions.

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