Look who is in the news--Myron Scholes

Bloomberg.com: Japan:

"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, 65, said in an interview in Tokyo yesterday."