The only private affiliation listed on his personal website is as founder and chief scientist at the hedge fund AlphaSimplex, but on its website we learn, “Andrew has 24 years of industry experience. Prior to starting AlphaSimplex, Andrew developed investment strategies and trading technologies as a consultant to a number of prominent Wall Street firms.” Professor Lo never lists any of these consultancies on his public papers and appearances, nor does he mention his position at the New York Fed or FINRA, an organization dedicated to the private self-regulation of the securities industry, along the lines of a “Better Business Bureau.” But we are getting used to this pattern of strategic silences. Despite all these rather specific commitments, Professor Lo presents himself as an open-minded, impartial arbiter of all things having to do with the crisis, all the while promoting a very specific political set of positions.

Philip Mirowski, Never Let a Serious Crisis …, loc. 572