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10/5/11
The Huffington Post
"European Crisis Could Tip U.S. Into Recession, Economists Warn"
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As the Greek government appears increasingly likely to default on its debt, economists are envisioning potential dire spillovers to the United States, with anxiety afflicting the financial system, making money tight and possibly tipping the American economy back into recession. MIT Sloan Professor Andrew Lo says, "We may see a number of banks go under."
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Available HERE
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9/28/11
MarketWatch, MSN Money
"5 Investment Tips for Volatile Times"
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With shock waves roiling financial markets worldwide, investors are seeking new ways to protect their portfolios from the next upheaval. MIT Sloan Professor, Andrew Lo, says that key strategies to eke out a profit include minimizing costs and getting as much diversification as you're comfortable with."
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Available HERE
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9/11/11
The New York Times
"Market Swings are Becoming New Standard"
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Day after day, stocks swing sharply by hundreds of points. Some experts see volatility as a problem. Another viewpoint is that stocks are rightly volatile now because there is so much uncertainty about where the economy is heading. MIT Sloan Professor Andrew Lo says that the last few years have been the most volatile for all of recorded history—10 of the biggest 20 daily upswings and 11 of the largest 20 daily drops since the beginning of 1980 to the end of August have occurred in just the last three years.
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Available HERE
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8/30/11
MIT News
"Andrew Lo Joins CSAIL"
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MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) welcomed its first full-time member from the MIT Sloan School of Management: Andrew Lo. While the fields of computer science and artificial intelligence may seem atypical for the work of an economist, Lo feels that joining CSAIL is a natural extension of the research path he has forged for many years.
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Available HERE
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8/25/11
The Boston Globe
"Stocks' Wild Ride"
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Stock markets have calmed down over the past few days, but economists and analysts warn that investors face years of severe market swings until national debt crises and other threats to the global financial system are finally resolved. MIT Sloan Professor, Andrew Lo, notes that "What's unique is the volatility of the volatility."
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Available HERE
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8/24/11
The Huffington Post
"Stock Correlation Reaches Record as Traders Fear Grim Economy"
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More than ever on record, individual stocks in the Standard & Poor's 500 Index are moving in unison, according to data from the stock market research and money management firm Birinyi Associates. Andrew Lo says "When you have overriding political considerations hanging over the market, all stocks are going to respond in kind."
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Available HERE
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8/19/11
The Huffington Post
(Source: Reuters)
"Insight: The Madness of Wall Street"
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Experts say investors should expect even more volatility in stocks, as herd trading by hedge funds, knee-jerk trader reaction to news and lightning fast computer programs combine to make for a new and uncomfortable normal on Wall Street. MIT Sloan Professor, Andrew Lo, says "We are seeing extraordinary emotional reactions from central banks, politicians, regulators and investors. That kind of reaction is not conducive for building long-term wealth."
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Available HERE
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8/12/11
The Financial Times
"Beware the Inner Reptile"
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Andrew Lo's recent research—which weaves together the work of psychologists, neuroscientists, biologists, and economists—is highlighted in this article. |
Available HERE |
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8/11/11
The New York Times
"Four European Nations to Curtail Short-Selling"
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The European Securities and Markets Authority said in a statement that short sales—negative bets on stocks—would be curtailed in France, Belgium, Italy, and Spain. Andrew Lo says that it is impossible to know whether the panic of 2008 would have been worse without the ban, but general studies of short-selling have found that bans on that activity can lead to more volatility in the market and lower trading volume. |
Available HERE |
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8/10/11
The Huffington Post
"Stock Market Losses Threaten Economic Recovery as Household Wealth Takes Another Hit"
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With consumer spending already declining in recent months, economics say the plunge in the stock markets over the past month could deal another significant blow to Americans' spending habits—a threat that could imperil any meaningful economic recovery. MIT Sloan Professor, Andrew Lo says: "That kind of perception of a loss in wealth is going to make people more frugal, more reluctant to spend—and that's exactly the wrong direction for the economy to go." |
Available HERE |
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8/8/11
The Huffington Post
"Dow Jones Suffers Worst Day Since 2008 Crisis as Economic Outlook Darkens and Downgrade Risk Looms"
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As investors adjusted to a new world in which the United States government doesn't have a perfect credit rating, stocks suffered one of the worst sell-offs in history Monday, and a fresh recession seems increasingly possible. Professor Andrew Lo says: "American voters are going to realize that the political impasse has consequences that will hit them in the pocketbook." |
Available HERE |
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8/6/11
The Huffington Post
"U.S. Credit Downgrade by S&P Darkens Economic Outlook, Stokes Recession Fears"
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In an unprecedented and historic move, Standard & Poor's downgraded U.S. Treasury securities one category from AAA to AA+. Experts are increasingly worried that the American economy is headed back into recession. MIT Sloan Professor, Andrew Lo says "This is the worst thing to have happened, given the weak economy we already have." |
Available HERE |
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7/31/11
The Financial Times
"Retreat of hedge funds would be no bad thing"
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Hedge funds are facing increased obstacles, of which the regulatory requirements are just one. MIT Sloan Professor Andrew Lo says "weighed against the economic value hedge funds arguably create through the more efficient allocation of capital, must also be set the systemic risks which their herdlike and short-termist behaviour create." |
Available HERE |
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7/28/11
The Huffington Post
"As U.S. Credit Downgrade Looms, Municipalities and Pension Funds Seen to be at Risk"
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For municipalities struggling to get their finances in order and for the professionals who oversee their investments, the battle being waged in Washington over the federal debt ceiling has become an urgent source of worry. MIT Sloan Professor Andrew Lo provides his input, saying "Any time you have any kind of coordinated divestiture, there's alwasy the risk of a panic and a bank run, but instead of a run on a bank, it's going to be a run on money market funds." |
Available HERE |
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7/25/11
The New Yorker
"Mastering the Machine"
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An article about how Ray Dalio built his hedge fund, the world's largest. MIT Sloan Professor Andrew Lo discusses the impact of hedge funds on the markets and the economy at large. |
Available HERE |
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7/6/11
MoneyScience
"Andrew Lo - Computation and the Evolution of Financial Technology"
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A summary of the presentation made by Andrew Lo and John Thain at the MIT150 Computation and the Transformation of Practically Everything Symposium held in April. |
Available HERE |
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7/1/11
AR Magazine
"Are hedge funds good for you?"
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In this article, the question posed is "are hedge funds good for you?". MIT Sloan professor, Andrew Lo says: "Hedge funds are the tip of the spear when it comes to new investment opportunities. They are also the canary in the coal mine when things start to break down." |
Available HERE |
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5/22/11
The Boston Globe
"30 Most Innovative People in Massachusetts"
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The Globe 100 celebrates companies that do the most in the means of innovation and helping the state's economy. A panel of judges determined 30 people, across ten categories, to be the most innovative for the state's economy. Andrew Lo was named second runner up in the Banking, Finance, and Insurance category. |
Available HERE
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5/20/11
National Journal
"Neo-Voodoo Economics"
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In an article that addresses the short supply of good ecnomics in the wake of the financial crisis, MIT Sloan Prof. Andrew Lo states that "the profession has reached a cul-de-sac"... |
Available HERE |
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5/17/11
The Santa Fe New Mexican
"Could financial engineering help retool society's ills?"
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Professor Andrew Lo and his recent research are highlighted in this article. |
Available HERE |
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5/9/11
Forbes.com
"All That is Gold Does Not Glitter"
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In a discussion of gold, Andrew Lo's research from the 1980s and 1990s on earnings momentum is cited. |
Available HERE |
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5/4/11
Marketwire
"Forward-Thinking Handbook on News Analytics in Finance is Published"
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OptiRisk, the optimisation and financial analytics provider, announced the publication of 'The Handbook of News Analytics in Finance', the first compilation of the research from leading industry experts on the impact of news in moving the financial markets. Andrew Lo's research is included. |
Available HERE |
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5/2/11
The Huffington Post
"Bin Laden's Death Gives Markets Boost of Optimism, Eases Fear of Recession"
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The news of Osama bin Laden's death resulted in a boost for the financial markets. Andrew Lo offered one way to interpret this boost, and cautioned that "Financial markets will likely react positively to this news in the short run, but the repercussions may be more complex over time as we learn how bin Laden's death affects his organization and, consequently, the political economy of the Middle East." |
Available HERE |
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4/29/11
Business Insider
"Andrew Lo: This Chart is the Reason John Paulson's Performance is Down This Year"
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Andrew Lo spoke to financiers in April and explained why everyone, including John Paulson, is having so much trouble making money right now: "Alpha is becoming beta," he says. |
Available HERE |
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4/19/11
The Huffington Post
"Financial System Riskier, Next Bailout will be Costlier, S&P Says"
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...more than the last financial crisis. "The impact of the next crisis will be greater because the economy is in a much more fragile state," said Andrew Lo, professor of Finance at the MIT Sloan School of Management. "My worry about the next financial crisis is it will come from some corner..." |
Available HERE |
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4/18/11
The Huffington Post
"Cost of Tax Cuts for America's Rich Exceeds Value of Budget Cuts"
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...years, calling for additional cuts across the board. "If they make serious cuts over time, that's actually going to be quite good for the economy," said Andrew Lo, professor of Finance at the MIT Sloan School of Management. "It's bitter medicine, but we've got to take it." |
Available HERE |
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4/14/11
American Banker
"Dodd-Frank's 'Too Big to Fail' Fix May Sting, But Others May Be a Lot Worse"
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...since Dodd-Frank was enacted, the Obama administration has failed to nominate a director. It's reportedly considering accomplished academics—Andrew Lo at MIT and Bob Shiller at Yale are two under consideration—but for now the research office is being run by the Treasury Department's Office of... |
Available HERE |
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3/31/11
AR Magazine
"The Hunt for the Next LTCM"
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...observers disagree. "When the straw that breaks the camel's back lands on the pile, I guess you could argue that none of the other straws were at fault," says Andrew Lo, Director of MIT's Laboratory for Financial Engineering and FSOC proponent, in response to AIMA contentions on hedge funds and the financial... |
Available HERE |
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3/30/11
The Huffington Post
"Prolonged Government Shutdown Could Wither Confidence and Even Trigger Recession"
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...like such a big deal, it could trigger a mass panic or sell-off, or other types of market dynamics that could be really hard to predict or control," said Andrew Lo, professor of Finance at the MIT Sloan School of Management. He added that Americans might "start wondering whether or not government..." |
Available HERE |
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3/30/11
Financial Post
"Black Swans not so rare: MIT's Lo"
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So-called black swan events aren't as rare as the label implies and present opportunities to investors when markets overreact to them, according to Andrew Lo of the Massachusetts Institute of Technology. "Rare events happen a lot more frequently than you might think," said Lo, director of MIT's Laboratory for Financial Engineering..." |
Available HERE |
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3/29/11
TheAtlantic.com
"Man vs. Machine on Wall St.: How Computers Beat the Market"
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...the same trading strategies led to terrible losses, as the firms all tried to sell the same stocks at the same time. As Andrew Lo, a professor at MIT's Sloan School of Management, observed in a September 2007 paper on the event, an "apparent demand for liquidity" that week "caused a fire sale liquidation."... |
Available HERE |
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3/25/11
Banker & Tradesman
"MIT Professor to Serve on Banking Advisory Council"
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It was announced that MIT Professor Andrew Lo was selected to serve on The Clearing House's Academic Advisory Council (AAC), which pairs distinguished scholars from the nation's top academic institutions with leaders from the financial industry to analyze key issues facing the global financial system. |
Available HERE |
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3/23/11
New Scientist
"Banking cheats will always prosper"
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Clever schemes to make bankers earn their bonuses look good on paper, but economics proves they won't work. Finance theorist Andrew Lo is mentioned as having first said 10 years ago that there's a fundamental problem with finance. |
Available HERE |
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3/4/11
CNBC, Online
"White House Struggles to Fill Key Regulatory Positions"
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...himself out, according to people familiar with the search. Mr. Shiller declined to comment. Other academics with an interest in the field, including Andrew Lo of the Massachusetts Institute of Technology, have taken themselves out of the running. The administration has also spoken to John Geanakoplos... |
Available HERE |
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3/4/11
Institutional Investor
"Wall Street to Trade Municipal Bonds Like It Trades Mortgages"
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...It's not an unreasonable comparison to make, between the credit crisis of the last decade and the muni market Citi envisions busting out next year, says Andrew Lo, a professor of finance at Massachusetts Institute of Technology's Sloan School. "People are mostly focused on the muni market and... |
Available HERE |
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2/25/11
Pensions and Investments, Online
"Lo, Mueller first recipients of Markowitz Award"
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Massachusetts Institute of Technology finance professor Andrew W. Lo and Mark T. Mueller, a senior lecturer at MIT's Sloan School of Management, are the first winners of the Harry M. Markowitz Award for their 2010 paper exploring the limitations of quantitative models in predicting market outcomes. |
Available HERE |
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2/25/11
Opalesque, Alternative Market Briefing
"Futures Lab: A study by Andrew Lo and Amir Khandani showed a surprising result for managed futures returns"
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Liquidity and a Premium? This is a brief review of a surprising result from a working paper by Andrew Lo and Amir Khandani. |
Available HERE |
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2/7/11
The New York Times
"In Europe, a Growing Effort to Shed More Light on Short-Selling"
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...Authorities are expected to vote on the measure this year. "It's definitely a step in the right direction in terms of providing transparency," said Andrew Lo, professor of finance at the Massachusetts Institute of Technology, who has studied hedge funds for more than a decade. "While it is good... |
Available HERE |
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1/29/11
Xinhuanet
"Interview: U.S. Financial Regulations Not Effective Enough: Expert"
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...The current U.S. financial regulations were not as effective as they needed to be and should be updated, a top financial expert told Xinhua Friday. Andrew Lo, a professor at the Massachusetts Institute of Technology (MIT) and director of MIT's Laboratory for Financial Engineering, said... |
Available HERE |
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1/14/11
Barron's, Focus on Funds
"Study: Hedge Funds Crowding Into Same Stocks"
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Highlights a Wall Street Journal report, which discusses the study of hedge fund performance by Andrew Lo that shows that fund returns have been moving more closely together over the past five years. |
Available HERE |
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1/10/11
Investors Chronicle
"The Evolution of Markets and Strategies"
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Andrew Lo's research is highlighted in this article, which questions why the success of particular strategies changes over time. According to Lo, "the basic premise here is that investors have bounded rationality."... |
Available HERE |
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1/10/11
China Daily
"Path from Babylon to Wall Street"
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MIT Sloan Prof. Andrew Lo's book, The Evolution of Technical Analysis: Financial Prediction from Babylonian Tablets to Bloomberg Terminals, co-authored with Jasmina Hasanhodzic is highlighted as a book to read. |
Available HERE |
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1/1/11
The New York Times
"The New Speed of Money, Reshaping Markets"
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"It is a technological arms race in financial markets and the regulators are a bit caught unaware of how quickly the technology has evolved," says Andrew Lo, director of the Laboratory for Financial Engineernig at M.I.T. "Sometimes, too much technology without the ability to manage it effectively can yield some unintended consequences. We need to ask the hard questions about how much of this do we really need. It is the Wild, Wild West in trading."... |
Available HERE |
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12/24/10
Investment News
"Andrew Lo: Reconsidering our notions of risk"
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MIT Sloan Prof. Andrew Lo and fellow researchers have built models and algorithms that attempt to account for overconfidence in certain market sectors and extreme risk aversion in others: "The problem is that you can't manage what you don't measure," he says. "And since we don't have single measure of systemic risk, we can't say whether it is higher or lower today than it was before."... |
Available HERE |
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12/20/10
CNNMoney.com
"The best books on investing"
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David Warsh provides a list of four books about investing that he considers to be the best, including Andrew Lo and Jasmina Hasanhodzic's The Evolution of Technical Analysis: Financial Prediction from Babylonian Tablets to Bloomberg Terminals, which he says is destined to become a classic. |
Available HERE |
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12/6/10
Compliance Reporter
"Prof: CFTC must scope disruptive trading"
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...The Commodity Futures Trading Commission should take an expansive view of its new powers to police disruptive trading practices, according to Andrew Lo, professor at MIT Sloan... |
Copy Available through MIT Sloan Media Relations |
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11/24/10
MSN Money
"3 new investing rules to live by"
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It's a challenging environment in which to make money—volatility is high, and returns are sideways to low. As investors proceed, they should consider the new world order of investment truths, as expressed in three basic principles outlined by Andrew Lo. |
Available HERE |
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11/17/10
The New York Times
"Wall Street, the Home of the Vanishing I.P.O."
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Andrew Lo is quoted about the shrinking size of the nation's stock market: "We should be very concerned about this trend. Capital markets are central to business formation and economic growth, and if listings are falling, that is a sign there is not the same level of capital formation as there was in the past." |
Available HERE |
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11/14/10
The Financial Times
"Financial Regulation: A garden to tame"
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MIT Sloan Prof. Andrew Lo is quoted about the potential risks of labeling companies which would be a necessary evil stemming from the Dodd-Frank financial reform bill: "I think that it could actually be quite dangerous and there could be a lot of unintended consequences to that process."... |
Available HERE |
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11/11/10
Businessweek
"Fixing American Finance"
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The U.S. financial system is erratic and voracious, and keeps score in milliseconds. Andrew Lo says "The U.S. equity markets have become the Wild, Wild, West." |
Available HERE |
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11/8/10
The New York Times
"The Flash Crash, in Miniature"
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Andrew Lo says "I am worried about the potential instability that these technologies create in market dynamics. The U.S. equity markets have become the Wild, Wild West." |
Available HERE |
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11/4/10
American Banker
"OFR Will Do Better Work if the Treasury Isn't Its Boss"
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Andrew Lo says the OFR "should be a separate and independent agency" offering the National Transporation Safety Board as a hopeful example. |
Available HERE |
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11/1/10
Pensions & Investments
"Funds begin to move risk to center stage"
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Risk management has begun to eclipse investment returns as the primary focus of a growing number of U.S. pension fund executives, reflecting lingering concerns over just how vulnerable institutional portfolios proved during the market's recent meltdown. MIT professor, Andrew Lo says that a growing number of institutional investors have "gotten religion," concluding they can't sit idly by and allow these volatility shocks to take them by surprise. |
Available HERE |
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10/2/10
The Wall Street Journal
"How risky are those low-risk funds?"
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"Why would you equalize risks if some risks are not giving you proper rewards?" MIT Sloan Prof. Andrew Lo asks of risk parity funds. |
Available HERE |
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9/16/10
Newsweek
"Our Best minds Are Failing Us"
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Recently, the National Science Foundation sent out a query asking economists and social scientists to draw up "grand challenge questions that are both foundational and transformative"—a request that Andrew Lo, says is a first in his experience. |
Available HERE |
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9/16/10
MIT Sloan Management Review
"Overheard at MIT: Why economics isn't like physics"
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"Economists desire to be able to explain 99% of all economic phenomena with three laws," says MIT Sloan Prof. Andrew Lo in a discussion on why economists envy physicists. "That's what physicists can do [in physics]. In fact, [in economics] we have 99 laws that explain maybe 3% of all phenomena"... |
Available HERE |
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9/4/10
The Wall Street Journal
"Futures funds flounder"
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MIT Sloan Prof. Andrew Lo, manager of the Natixis ASG Managed Futures Strategy Fund, advocates vigilant oversight of Managed Futures products, to limit the risk of abuse. "The regulations need to be toughened up even more," he said. "There's all sorts of opportunities and potential for abuse if we don't manage this carefully."... |
Available HERE |
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9/2/10
The Wall Street Journal
"Bruised Quant Funds Seek a Human Touch"
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MIT Sloan professor Andrew Lo says that quant managers need to focus on the adaptation to changing environments that characterizes the biological realm, rather than the sort of immutable laws that form the foundation of physics. |
Available HERE |
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8/16/10
Barron's
"The SEC brings fund fees into the light"
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MIT Sloan Prof. Andrew Lo is launching a new managed futures fund, the Natixis ASG Managed Futures Strategy Fund. |
Copy Available through MIT Sloan Media Relations |
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8/13/10
FT Magazine
"Getting into U.S. investment banking"
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In a discussion of the Chartered Financial Analyst (CFA) designation, Andrew Lo's presentation at a London CFA conference is highlighted as an example of how the CFA is adapting to changing conditions. |
Available HERE |
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8/6/10
The Atlantic
"Explaining Bizarre Robot Stock Trader Behavior"
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Andrew Lo evaluates the evidence of bizarre robot behavior in the markets and offers his interpretation. |
Available HERE |
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7/22/10
The Economist
"Agents of Change"
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A workshop sponsored by America's National Science Foundation at which economists explored the potential of "agent-based models" (ABM) is highlighted. Professor Lo presented a model of the American housing market, inspired by ABM approaches, which showed how a fateful conjunction of rising house prices, falling interest rates and easy access to refinancing created an awesome burden of debt. |
Available HERE |
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7/12/10
The New York Times, DealBook
"Seeing the Forest for Its Hedges"
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Andrew Lo likes the diversification that timberland investments bring, saying that the returns correlate less with, say, United States stocks than Western European stocks would. As a result, timberland might help to prop up the value of a portfolio during a bear market. |
Available HERE |
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7/9/10
The Baltimore Sun
"Professor says investors' grief over stock losses similar to the sorrow of losing a loved one"
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...Many of us are in deep mourning—for big stock losses going back to 2008. And our sorrow is so similar to what we feel after divorce or death in the family that we're likely working through the five stages of grief, says Andrew W. Lo, a finance professor at MIT who has studied investor behavior. |
Available HERE |
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7/8/10
Business Day (South Africa)
"StreetDogs: Markets are not efficient - but exploiting their anomalies is hard"
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A central challenge to the efficient markets hypothesis is the existence of stock market anomalies. Andrew Lo says: "If the Efficient Markets Hypothesis in its classical form seems to be violated so often, maybe we economists ought to re-examine our theory instead of arguing that the world is crazy." |
Available HERE |
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7/1/10
Employee Benefit News
"Conference tackles current, looming retirement issues"
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The Retirement Income Summit, a gathering of financial advisers this spring, confirmed that employers committed to educating workers about saving for retirement have a lot on their plate, both now and in the years to come. Andrew Lo, a professor at MIT, cited a study that found as people age they begin to make poor financial decisions. |
Available HERE |
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July 2010
Automated Trader
"What just happened?"
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There's high-frequency trading, and now there's high-frequency crashing. But identifying the causes of the 6th May 2010 'flash crash' has proved to be a relatively slow process. Bob Giffords goes in search of causes, outcomes, explanations and lessons to be learned. Andrew Lo gives his take on it. |
Available HERE |
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6/15/10
The Financial Times
"Frozen in Time"
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"We need a vibrant OTC swaps market for the global economy, but there are systemic issues that need to be considered," says MIT Sloan Prof. Andrew Lo in a story on the methods big banks use to price over-the-counter derivatives, potentially to their own advantage... |
Available HERE |
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6/2/10
Fortune Magazine
"Raising the right alarms on risk"
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When the rest of the world was busy buying second homes with no money down, MIT professor Andrew Lo was busy beating the drum over a coming financial crisis. For a while, he was playing to an empty room, but now his prescience makes him a voice of authority as we deal with the meltdown and its aftermath. Fortune recently spoke with Lo about the goods and bads of financial reform, how to prepare for calamities to come, and the "holy grail" of good regulation... |
Available HERE |
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5/22/10
The New York Times
"Rule No. 1: Make money by avoiding rules"
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"Technical advantage has far outstipped our capacity to manage it," says MIT Sloan Prof. Andrew Lo in this blog entry on the increasingly complex rule-bending practices of financial innovation. |
Available HERE |
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5/1/10
Institutional Investor
"Mind over markets"
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"Humans may be more sophisticated than animals, but we are nevertheless animals, subject to the same kind of forces that nature has built into all of creation," says MIT Sloan Prof. Andrew Lo of behavior affecting adaptive markets. |
Copy Available through MIT Sloan Media Relations |
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4/10/10
Barron's
"The Future of Personal Finance"
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Barron's chatted with MIT Sloan Prof. Andrew Lo about his investment outlook, the hedge-fund-like vehicles that reflect his research into portfolio design, and the future of personal finance. |
Available HERE |
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4/5/10
Nature
"Economists need their own uncertainty principle"
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This story on a recent paper co-authored by MIT Sloan Prof. Andrew Lo describes his proposal for a five-tiered organization of uncertainty to more effectively understand and calculate risk in economic systems. |
Available HERE |
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3/25/10
Professional Wealth Management
"Making allocation more complete"
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"What we thought was diversified became very highly correlated because of the global integration of the financial markets. Assets we thought were uncorrelated have moved together, so we have to be much more thoughtful about asset allocation," says MIT Sloan Prof. Andrew Lo. |
Available HERE |
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3/22/10
Fund Strategy (UK)
"Back to nature"
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"Economics evolve, dictated by the behaviours of individuals, who learn from experience and positive feedback," explains MIT Sloan Prof. Andrew Lo in a story on the use of biological ecology principles in financial models. |
Available HERE |
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3/22/10
Capital (German Language)
"Interview of the week: 'The trend in gold is questionable'"
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"The traditional approach in stocks, bonds, and funds is no longer enough. To get by, you have to invest in currencies, commodities, real estate and private equity as well as in long and short strategies," says MIT Sloan Prof. Andrew Lo in this interview. |
Available in German HERE
English Translation HERE
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3/9/10
Fund Strategy (UK)
"Cat and mouse"
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"Maybe we should provide more government support for financial PhDs, as we already do for engineers, so the pay scales would seem less skewed and government service not look such a poor choice," says MIT Sloan Prof. Andrew Lo. |
Available HERE |
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2/26/10
MIT Technology Review, The physics arXiv blog
"Scientists develop financial turing test"
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MIT Sloan Prof. Andrew Lo co-authored a report on an experiment to find out if humans are able to distinguish between real and randomly generated financial data. |
Available HERE |
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2/13/10
The Economist
"The gods strike back—Fingers in the dike: What regulators should do now"
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In an analysis of various regulatory options for big banks in the U.S., Andrew Lo, director of MIT's Laboratory for Financial Engineering, is cited for his suggestion that |
