GM Asset Management and Martingale's Low Volatility Strategy
Should General Motors' pension plan investment team adapt a low volatility strategy that, although attractive in many respects, contradicted generally accepted finance theory?
Risk Management
Stay the Course: Portfolio Advice in the Face of Large Losses
In the aftermath of the financial crisis of 2008, how does a registered investment advisor analyze the degree of risk her client is willing to take on?
Hermitage's Russian Quandary
What issues confront companies doing business in countries that lack well developed legal and political infrastructure?
A Turnaround Strategy Framework
What are the most common reasons that firms fail, and what are the critical ingredients for a successful turnaround?
Is Real Estate Real?
Should a consultant to pension funds add real estate investments to a mid-sized fund's portfolio?
Who Watches the Watchman? New York State Common Retirement Fund
What form of governance would best serve the beneficiaries of the New York State Common Retirement Fund, as well as taxpayers?
Minerve: Evaluating the Issuance of a New CDO
Should the head of a Wall Street firm launch a potentially risky CDO at a client's request, or lose out to competitors who would be eager to do the deal?
Banana Investments: Entrepreneurial Growth in Tanzania
When an entrepreneurial African business is offered a loan requiring dollar-denominated payments, should the owners accept the terms and ensuing risks?
Restructuring a Bank Loan in Default: Globex Storage Company
What strategy should the head of commercial real estate and chief credit officer of a bank employ when confronted with the default of a large construction loan?
Introduction to Expected Value Options on the S&P 500 Index
How can one measure the value of a stock option on the S&P 500 Index and the associated risk of making the investment?