Wednesday, June 20, 2007

Scholes, Nobel Winner for Options Formula, Seeks Japan Investment License

(Bloomberg) -- Myron Scholes, who won a Nobel prize
for developing the model used to value options, is seeking a
license to advise Japanese pension funds after opening an office
in the country.

``We have an application in to Japanese regulators for a
discretionary fund management license to enable us to allocate
pension fund money in our fund or other alternative
investments,'' Scholes said in an interview in Tokyo yesterday.


Read more at Bloomberg Currencies News

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