Robert D. Arnott

Robert D. Arnott (born June 29, 1954) is an American businessman, investor, and writer who focuses on articles about quantitative investing.

For other people with the same name, see Robert Arnott (disambiguation).
Robert D. Arnott
Arnott in 2016
Born (1954-06-29) June 29, 1954
Chicago, IL
NationalityU.S.
Alma materUniversity of California at Santa Barbara
Scientific career
FieldsBusiness, Finance, Investments
InstitutionsResearch Affiliates

He is the founder and chairman of the board of Research Affiliates, an asset management firm. Research Affiliates develops investment strategies for other firms, and there are over US$166 billion assets under the management of firms using their strategies as of September 2021.[1] He edited CFA Institute's Financial Analysts Journal from 2002 to 2006, and has edited three books on equity management and tactical asset allocation.[2] 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.[3]

Arnott has also served as a Visiting Professor of Finance at the UCLA Anderson School of Management, on the editorial board of the Journal of Portfolio Management, the product advisory board of the Chicago Mercantile Exchange, and the Chicago Board Options Exchange.[2] He previously served as Chairman of First Quadrant, LP, as global equity strategist at Salomon (now Salomon Smith Barney), president of TSA Capital Management (now TSA/Analytic), and as vice president at the Boston Company.[4]

Arnott has received seven[5] 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.[6]

Education and personal life

Arnott graduated summa cum laude from UCSB in 1977 with a degree in economics, applied mathematics and computer science.[4][7] While a high school student in 1970, he attended the Summer Science Program.[8]

He is married with three children. As of 2019, Arnott lived in Miami Beach, Florida.[9]

Writing

Arnott has published over 130 academic papers in refereed journals.[4] 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-based investment management firm. As of June 30, 2021, about $171 billion in assets are managed worldwide using investment strategies developed by Research Affiliates.[10] The firm has been involved with fundamentally based indexes since mid-2004 and has worked with the FTSE Group to create indices based on this methodology.[11] Research Affiliates licenses its indexes to Schwab, Invesco and PIMCO.[12]

In November, 2009, Research Affiliates was granted a patent for their index methodology that selects and weights securities using fundamental measures of company size. Laise, Eleanor (November 18, 2009). "Indexing Patent to Test Fund Firms". The Wall Street Journal.

Arnott co-manages the PIMCO 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 funds.[13]

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, and opposes the Patient Protection and Affordable Care Act.[14] In 2015, Arnott donated $100,000 to America's Liberty PAC, a political action committee formed in support of Representative Rand Paul's 2016 presidential bid.[15]

References
  1. "About Us - Research Affiliates". 3 January 2022.
  2. ""Q&A with Rob Arnott" NAREIT - Capital Markets". January–February 2007. {{cite web}}: Missing or empty |url= (help)
  3. "Wiley: The Fundamental Index: A Better Way To Invest".
  4. "Robert D. Arnott biography". Research Affiliates.
  5. "All Past Graham and Dodd Award Winners". Taylor & Francis.
  6. "Bernstein-Fabozzi/Jacobs Levy Award".
  7. "Fundamental Index ETFs; The difference is fundamental" (PDF). Invesco PowerShares. 2009. Retrieved November 29, 2010.
  8. "The Universal Times". Summer Science Program. February 2010. Archived from the original on July 28, 2011. Retrieved November 29, 2010.
  9. "Rob Arnott | La Gorce Island | Miami Dade Most Expensive Homes". 4 June 2018.
  10. "About Research Affiliates".
  11. "How to Corral an Index Fund (with a new rope)", January 21, 2007, The New York Times
  12. https://www.researchaffiliates.com/content/dam/ra/advisors/ra-model-portfolios-how-to-invest.pdf
  13. PIMCO All Asset Fund: Overview. US News and World Report, accessed 06 May 2022
  14. Yang, Jia Lynn (11 October 2013). "Here's who pays the bills for Ted Cruz's crusade". Washington Post. Retrieved 11 October 2013.
  15. "These 2 Donors Are Propping up Rand Paul's Super PAC". HuffPost. 24 July 2015.
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