Valuing Currency Management: TOM vs. U.S. Commerce Bank

When the inventor of an investment model sues a U.S. bank for breaking a joint-venture agreement, what should the court decide, based on expert financial analysis from both parties?
Geert Bekaert  | Spring 2012
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The Ciber Case Series

In 2009, Geert Rijkaard, the founder of a Dutch currency management firm whose investment models had made him one of the richest men in the world, sued a large U.S. bank for more than $300 million for breaking a joint-venture agreement. The judgment would depend largely on the answer to a single question: Was Rijkaard's firm truly capable of delivering the returns it had promised? Both sides offer detailed financial analyses supported by their own research. This case places students in the role of the court tribunal, and asks them to interpret the evidence and determine the appropriate ruling.

Case ID: 100313
Supplemental Materials: Teaching Note, Teaching Slides

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