A new Value-at-Risk model brought into use in Q1 masked the Chief Investment Office losses at...

|By:, SA News Editor

A new Value-at-Risk model brought into use in Q1 masked the Chief Investment Office losses at JPM that eventually grew to $2B, reports Chris Whittall. The new model put the CIO's average VAR at $67M, when it would have been $129M under the old one (now back in use). Somewhere, Nassim Taleb is getting a call to make a media appearance.