The reading (and listening) room
We are immensely proud to announce that Dr. Sorina Zahan has received recognition as one of P&I’s inaugural group of Most Influential Women in Institutional Investing.
Her unwavering dedication, expertise, and relentless pursuit of changing the way investors think about risk, including a completely new framework for portfolio construction, have firmly established her as an integral pillar within the broader investment landscape.
We invite you to explore Sorina’s profile featured in P&I.
We are excited to announce that Aiperion, in recognition of the service of Dr. Zahan, won the CIO Consultant of the Year Award on December 7th, 2022, in New York. Aiperion was selected from among the finalists by a team of judges tasked with evaluating consultants driving innovation in institutional investing.
This might be the sign that things are changing in our industry. Asset owners are increasingly realizing that in modern-day investing, adopting new methods and perspectives is not a luxury anymore, it has become an imperative.
Exciting news! Aiperion was named as Consultant of the Year finalist by CIO magazine.
Big thanks to our clients and partners, to Aiperion's founder, Dr. Sorina Zahan, whose decades of research serve as the basis for the Aiperion paradigm, and to Aiperion's amazing team for bringing this completely new way of thinking to the asset owner community.
Natural and artificial intelligence come together in building a better future for portfolio management!
In this paper, Dr. Zahan shows how the traditional investment framework, based on variance and reward/risk metrics, induces allocators to make investment decisions that are in fact contrary to their organizations’ interests. This antagonism, which we call utility incompatibility, can be easily grasped from real-life examples.
In response, we propose a framework for portfolio optimization and investment selection which is utility-based. Among other features, making decisions based on utility criteria makes practical sense for stakeholders and can be easily fine-tuned by each organization.
In a paper published in Chaos, Solitons & Fractals Journal, Marcel and his wife, Ligia analyze the impact of diversity in social systems. They demonstrate how complex systems that lack diversity, relying on conformity and identity, lose their adaptation capability. However, without coherent goals, diversity can lead to chaos and contagion of dishonest behavior. Uniformity, as well as inconsistent diversity are seeds of self-destruction.
