#1 A Crime Foretold
In 1967, Arch Catapano was an analyst for Merrill Lynch, touted in advertisements as a rock star without equal. But as Institutional Investor columnist Angelo Calvello discovered, a darker truth about Catapano would emerge in years ahead.
#2 Jim Grant’s Botched Bridgewater Takedown
The anatomy of publishing disaster, investment-style.
#3 Asset Managers, Stop Blaming Others for Your Sloth
In 2016 the BlackRock ASF Sterling Currency Hedging Fund lost over 43 percent and was rated by Morningstar as the worst-performing actively managed fund. BlackRock deserves some credit: At least it had the fortitude to give an inventive explanation for its underperformance.
#4 The CIAs Unexploded Cyberbomb
After WikiLeaks published techniques used by the CIA for breaking into smartphones, the biggest leak in the spy agency’s history faded away.
#5 The Key to Saving is Gambling. Seriously.
Why do we seem to gamble our most precious — and often our last — dollars for a small chance to win big?
