...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...

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.

MIT Laboratory for Financial Engineering's Andrew Lo on why volatility is the biggest risk to your investments.

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.

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.

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."

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.

"Why would you equalize risks if some risks are not giving you proper rewards?" MIT Sloan Prof. Andrew Lo asks of risk parity funds.

MIT Sloan Prof. Andrew Lo is launching a new managed futures fund, the Natixis ASG Managed Futures Strategy Fund.

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.

Andrew Lo evaluates the evidence of bizarre robot behavior in the markets and offers his interpretation.

MIT Harris & Harris Group Professor Andrew Lo on how investors can make heads or tails of the mounds of market information to make smart investments and create a diverse portfolio.

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.

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.

...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.