by admin | Jan 18, 2012 | risk, risk management
In yesterday’s WSJ we saw yet another article regarding MF Global Holdings and its former CEO, Jon Corzine (“MF Probe Targets Back-Office Unit”) . This time we learn that just about everyone in the company has been interviewed by federal prosecutors,...
by admin | Feb 22, 2011 | risk, risk management
Perhaps it might seem odd that one can draw anything from Jane Austen’s classic, Pride And Prejudice, in regards to our profession, but alas it is possible, and I believe I have.The scene occurs at the start of Chapter 5 in Volume 3, shortly after the main...
by admin | Dec 13, 2010 | risk, risk management
You’ve no doubt heard the expression about the weather and no one doing anything about it. Well, we could apply the same idea to information, especially regarding risk, and how firms measure and manage it. There is great interest in understanding what firms are...
by admin | Sep 17, 2010 | risk management
I have become used to some of Nassim Taleb’s seemingly outlandish remarks, and so was not terribly surprised when reading Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets that he would make such a statement. To try to at least start to...
by admin | Mar 15, 2010 | GIPS, Global Investment Performance Standards, risk, risk management
We spend a great deal of time debating the value of various risk measures, arguing, for example, whether it’s appropriate for the Global Investment Performance Standards (GIPS(R)) to require the disclosure of the 3-year annualized standard deviation or whether...
