Rob Arnott: Founder & Chairman of the Board of Research Affiliates – Rob’s firm RALLC manages and licenses over $200 billion and also sub advises mutual funds and ETFs for the Schwab Funds, Powershares and Nomura. He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and a suite of PIMCO products based on the Fundamental Index® approach. Rob is a 7 time Graham & Dodd award winner, a global leader in innovative investing and asset allocation strategies. Research Affiliates did the original research on fundamental indexing and Rob is the author of “The Fundamental Index” (John Wiley & Sons, 2008). He is also a former editor of the Financial Analysts Journal.


Felix Zulauf : KWN


Rob Arnott: Founder & Chairman of the Board of Research Affiliates – He is also portfolio manager on the PIMCO All Asset and All Asset All Authority family of funds and the PIMCO RAE™ suite of funds.

Over his career, Rob has endeavored to bridge the worlds of academic theorists and financial markets, challenging conventional wisdom and searching for solutions that add value for investors. He has pioneered several unconventional portfolio strategies that are now widely applied, including tactical asset allocation, global tactical asset allocation, tax-advantaged equity management, and the Fundamental Index approach to investing. His success in doing so has resulted in a reputation as one of the world’s most provocative practitioners and respected financial analysts.

Rob managed two asset management firms before founding Research Affiliates. As chairman of First Quadrant, LP, he built up the former internal money manager for Crum & Forster into a highly regarded quantitative asset management firm. He also was global equity strategist at Salomon Brothers (now part of Citigroup), the founding president and CEO of TSA Capital Management (now part of Analytic Investors, LLC), and a vice president at The Boston Company.

In 2002, Rob established Research Affiliates as a research-intensive asset management firm that focuses on innovative products. The firm explores novel approaches to active asset allocation, optimal portfolio construction, efficient forms of indexation, and other quantitative strategies. Research Affiliates delivers investment solutions globally in partnership with leading financial institutions.

Rob has published more than 100 articles in such journals as the Journal of Portfolio ManagementHarvard Business Review, and Financial Analysts Journal, where he also served as editor in chief from 2002 through 2006. In recognition of his achievements as a financial writer, Rob has received seven Graham and Dodd Scrolls, awarded annually by CFA Institute to the top Financial Analysts Journal articles of the year. He also has received four Bernstein Fabozzi/Jacobs Levy awards from the Journal of Portfolio Management. He is co-author of The Fundamental Index: A Better Way to Invest (Wiley 2008).

Rob Arnott received a BS summa cum laude in economics, applied mathematics, and computer science from the University of California, Santa Barbara.​

Awards & Recognitions

CFA Institute Graham and Dodd Award or Scroll

2012 “Demographic Changes, Financial Markets, and the Economy” in the Financial Analysts Journal
2003 “Surprise! Higher Dividends = Higher Earnings Growth” in the Financial Analysts Journal
2002 “What Risk Premium Is ‘Normal’?” in the Financial Analysts Journal
1989 “A Disciplined Approach to Global Asset Allocation” in the Financial Analysts Journal
1989 “A Total Differential Approach to Equity Duration” in the Financial Analysts Journal
1985 “The Business Cycle and Security Selection” in the Financial Analysts Journal
1983 “Systematic Asset Allocation” in the Financial Analysts Journal

William F. Sharpe Indexing Achievement Award

2013 Lifetime Achievement Award
2012 Institutional Investor Journals Paper of the Year for “Rebalancing and the Value Effect”
2005 Best Index-Related Research Paper for “Fundamental Indexation”

Bernstein Fabozzi/Jacobs Levy Award

2013 Outstanding Article for “The Surprising Alpha from Malkiel’s Monkey and Upside-Down Strategies” in the ​Journal of Portfolio Management
2001 “The Death of the Risk Premium” in the Journal of Portfolio Management
1997 “Bull Market, Bear Market: Should You Really Care?” in the Journal of Portfolio Management

About Us – Research Affiliates, LLC, is a global leader in smart beta and asset allocation. Dedicated to creating value for investors, we seek to have a profound impact on the global investment community through our insights and products.

Our investment strategies are built on a strong research base and are led by Rob Arnott and Chris Brightman. We deliver solutions in partnership with some of the world’s leading financial institutions, through their offerings of mutual funds, ETFs, separately managed accounts, and/or commingled accounts.

Research Affiliates was founded in 2002 and is based in Newport Beach, California.

As of December 31, 2017, $214 billion in assets are managed worldwide using investment strategies developed by Research Affiliates.

Our Mission – Research Affiliates is committed to being the preeminent source of insights and products that transform the global investment community for the benefit of investors.

Central Philosophy – The largest and most persistent active investment opportunity is long-horizon mean reversion.

Supporting Beliefs – 

  •  Investor preferences are broader than risk and return.
  • Prices vary around fair value.
  • Lack of conviction restricts investors from exploiting long-term value.