Rob Arnott
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Robert D. Arnott (born June 29, 1954) is an American entrepreneur, investor, editor and writer who focuses on articles about
quantitative investing Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative s ...
. He is the founder and chairman of the board of
Research Affiliates Robert D. Arnott (born June 29, 1954) is an American entrepreneur, investor, editor and writer who focuses on articles about quantitative investing. He is the founder and chairman of the board of Research Affiliates, an asset management firm. R ...
, an
asset management firm An asset management company (AMC) is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more ...
. Research Affiliates develops
investment strategies In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment Portfolio (finance), portfolio. Individuals have different profit objectives, and their individual skills make ...
for other firms, and there are over US$166 billion assets under the management of firms using their strategies as of September 2021. He edited
CFA Institute The CFA Institute is a global, not-for-profit professional organization that provides investment professionals with finance education. The institute aims to promote standards in ethics, education, and professional excellence in the global investme ...
's ''Financial Analysts Journal'' from 2002 to 2006, and has edited three books on equity management and
tactical asset allocation Tactical asset allocation (TAA) is a dynamic investment strategy that actively adjusts a portfolio's asset allocation. The goal of a TAA strategy is to improve the risk-adjusted returns of passive management investing. Strategy descriptions TAA ...
. Arnott is a co-author of the book ''The Fundamental Index: A Better Way to Invest'', and co-editor of three other books relating to asset allocation and equity market investing. Arnott has also served as a Visiting Professor of Finance at the
UCLA Anderson School of Management The John E. Anderson Graduate School of Management, also known as the UCLA Anderson School of Management, is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The school offers MBA (ful ...
, on the editorial board of the ''
Journal of Portfolio Management ''The Journal of Portfolio Management'' (also known as JPM) is a quarterly academic journal for finance and investing, covering topics such as asset allocation, performance measurement, market trends, risk management, and portfolio optimization. ...
'', the product advisory board of the
Chicago Mercantile Exchange The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an a ...
, and the Chicago Board Options Exchange. He previously served as Chairman of First Quadrant, LP, as global equity strategist at Salomon (now
Salomon Smith Barney Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York. It was one of the five largest investment banking enterprises in the United States and the most profitable firm on Wall Street durin ...
), president of TSA Capital Management (now TSA/Analytic), and as vice president at the
Boston Company Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, incl ...
. Arnott has received seven Graham and Dodd Scrolls and Awards, awarded annually by the CFA Institute for best articles of the year, and has received four Bernstein-Fabozzi/Jacobs-Levy awards from the ''Journal of Portfolio Management'' and ''Institutional Investor'' magazine.


Education and personal life

Arnott graduated summa cum laude from UCSB in 1977 with a degree in economics, applied mathematics and computer science. While a high school student in 1970, he attended the Summer Science Program. He is married with three children. As of 2019, Arnott lived in
Miami Beach, Florida Miami Beach is a coastal resort city in Miami-Dade County, Florida. It was incorporated on March 26, 1915. The municipality is located on natural and artificial island, man-made barrier islands between the Atlantic Ocean and Biscayne Bay, the ...
.


Writing

Arnott has published over 130
academic papers Academic publishing is the subfield of publishing which distributes academic research and scholarship. Most academic work is published in academic journal articles, books or thesis, theses. The part of academic written output that is not forma ...
in refereed journals. Topics of these papers have included the following: mutual fund returns, the equity risk premium, tactical asset allocation, and alternative index investing.


Career

In 2002, Arnott founded Research Affiliates, a
Newport Beach, California Newport Beach is a coastal city in South Orange County, California. Newport Beach is known for swimming and sandy beaches. Newport Harbor once supported maritime industries however today, it is used mostly for recreation. Balboa Island, Newport ...
-based investment management firm. As of June 30, 2021, about $171 billion in assets are managed worldwide using investment strategies developed by Research Affiliates. The firm has been involved with fundamentally based indexes since mid-2004 and has worked with the
FTSE Group FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf. It operates ...
to create indices based on this methodology. Research Affliates licenses its indexes to Schwab, Invesco and
PIMCO PIMCO (Pacific Investment Management Company, LLC) is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, asset ...
. In November, 2009, Research Affiliates was granted a patent for their index methodology that selects and weights securities using fundamental measures of company size. Arnott co-manages the
PIMCO PIMCO (Pacific Investment Management Company, LLC) is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, asset ...
All Asset Fund, a tactical fund of funds with $16 billion in assets as of March 2022, which can invest in any of PIMCO's many
mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...
s.


Political contributions

Arnott has given $750,000 to support the Club for Growth, a politically conservative group advocating lower tax rates. Arnott considers himself a
libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's e ...
, and opposes the
Patient Protection and Affordable Care Act The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Presi ...
. In 2015, Arnott donated $100,000 to America's Liberty PAC, a political action committee formed in support of Representative
Rand Paul Randal Howard Paul (born January 7, 1963) is an American physician and politician serving as the junior U.S. senator from Kentucky since 2011. A member of the Republican Party, he is a son of former three-time presidential candidate and 12 ...
's 2016 presidential bid.


References


External links


Research Affiliates, LLCRAFI Indices, LLC
{{DEFAULTSORT:Arnott, Robert D. American businesspeople 1954 births Living people American business writers Summer Science Program University of California, Santa Barbara alumni PIMCO