Risk & Capital Management
The Role of Models in Weather Forecasting
UKMET. ECMWF. GFS. GFDL. To most of us, this potpourri of letters are seemingly chosen at random and have no meaning. It's almost as if someone reached into a large sack filled with all 26 alphabetic ...
Bond Insurer Pursues Fraud Claims in Lawsuit Over Detroit Pension Debt
A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on ...
Jana Partners Adds to AIG and Hertz Holdings
Jana Partners LLC, the $10 billion hedge-fund firm run by Barry Rosenstein, bought shares of FMC Corp. and exited stakes in Sirius XM Holdings Inc. and Juniper Networks Inc. during the second ...
Has Global Warming Been Ongoing or Not?
The climate change debate continues with new research pointed to a steady global warming trend over thousands of years to the present, contrary to a major work issued in 2013 that tracked cooling ...
More Time Needed for Defining and Deploying Alternatives
To many investors, alternatives are a relatively new phenomenon directly associated with finding solutions to the impact of the financial crisis five years ago. But not for all, says Calvin (Chip) ...
Managing Risk Amidst a Sea(son) of Change
It is hard not to notice that the business environment for property/casualty insurers has changed the past few years. Profound changes, including an evolving regulatory construct and the rise of "big ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...
SEC Alleges Kansas Avoided Revealing Pension Bond Liability
The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a "multibillion-dollar" pension liability to bond investors. Documents for eight bond offerings in 2009 and 2010 by ...