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.
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.
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.
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.
From aiCIO Magazine: With 52% of world reserve supply, the Canadian government, along with the Potash Corporation of Saskatchewan and two minor producers, collude to keep potash prices artificially high. Editor-in-Chief Kip McDaniel reports.
Betting on a rebound following the bailout of Greece in May, the Government Pension Fund Global has rekindled its interest in Greek, Spanish, Portuguese and Italian government debt.
The Massachusetts state pension fund is seeking to replace BlackRock Inc. because it "lacks confidence that the firm is adequately focused" on fixed-income markets.
aiCIO congratulates asset owners -- public and corporate pensions, endowments and foundations, and insurance general accounts -- that have successfully understood and acted upon material risks in today's markets, delivering long-term and consistent results to establish a solid foundation for future returns.
Morgan Stanley is selling its 34.3% stake in China International Capital Corp. to Kohlberg Kravis Roberts & Co., TPG Capital, Singapore’s Great Eastern Holdings Ltd. and the nation’s sovereign-wealth fund.
Pittsburgh City Council President Darlene Harris has proposed another possible option to tackle the city's pension crisis -- -- taking out life insurance policies on those vested in the fund.
According to a report by an independent council, Norway's 3 trillion kroner ($494 billion) Government Pension Fund-Global should take better advantage of its size, lack of liabilities, and long investment horizon.
Ireland's National Pension Reserve Fund, which holds roughly €24.5 billion in assets, may contribute up to €10 billion to cover the cost of the bailout package from the European Union and International Monetary Fund.
The co-founder of New York-based Quadrangle Group Steven Rattner has said Attorney General Andrew Cuomo's lawsuit in a pension-fund kickback case is “close to extortion.”
