Research Affiliates’ Advisory Panel Members

As you may know, Pro-Financial Asset Management’s Fundamental Index Funds are based on the patent pending methodology created by Research Affiliates. What you may not know is that Research Affiliates’ Advisory Panel is made up of some of the most influential financial minds in history.:

(NOTE: Mr. Peter Bernstein served on the Advisory Panel until his death in June of 2009)

Keith Ambachtsheer

Keith played a major role in founding of the Rotman International Centre for Pension Management (ICPM). He was recently appointed the Director of ICPM and Adjunct Professor of Finance at The Rotman School of Management, University of Toronto. In 2003, he was named One of the 30 Most Influential People in the United States by Pension and Investments Magazine. His drive for research excellence has won him several notable awards including four Graham and Dodd Awards and two Roger Murray Awards.

Burton Malkiel

Dr. Burton G. Malkiel, the Chemical Bank Chairman’s Professor of Economics at Princeton University, is the author of the widely read investment book, A Random Walk Down Wall Street. He is a past appointee to the Council of Economic Advisors. In addition, he is a past president of the American Finance Association. He holds a B.A. and MBA degree from Harvard and a Ph.D. degree from Princeton University.

Harry Markowitz

Dr. Markowitz has applied computer and mathematical techniques to various practical decision-making areas. In finance: in an article in 1952 and a book in 1959 he presented what is now referred to as MPT, “modern portfolio theory.” This has become a standard topic in college courses and texts on investments, and is widely used by institutional investors for asset allocation, risk control, and attribution analysis. In other areas: Dr. Markowitz developed “sparse matrix” techniques for solving very large mathematical optimization problems. These techniques are now standard in production software for optimization programs. Dr. Markowitz also designed and supervised the development of the SIMSCRIPT programming language.  SIMSCRIPT has been widely used for programming computer simulations of systems like factories, transportation systems and communication networks.

In 1989 Dr. Markowitz received The John von Neumann Award from the Operations Research Society of America for his work in portfolio theory, sparse matrix techniques, and SIMSCRIPT.  In 1990 he shared The Nobel Prize in Economics for his work on portfolio theory.

Jack Treynor

Jack Treynor was for many years editor of the Financial Analysts Journal. He is the author of more than 70 papers published in the Harvard Business Review, the Financial Analysts Journal, Journal of Business, the Journal of Finance, the Journal of Investment Management, and others, 13 of which have been anthologized.

Along with William Sharpe, Robert Merton, and Harry Markowitz, he is a Distinguished Fellow for the Institute for Quantitative Research in Finance.

He majored in mathematics at Haverford College, wrote cases for a year after graduating (with Distinction) from Harvard Business School, and devoted a sabbatical year to the study of economics at MIT.

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