IMCA Honors Gary Brinson, L. Randolph Hood, and Gilbert Beebower at 2013 Annual Conference

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Investment Management Consultants Association® (IMCA®) presented four prestigious industry awards today at its 2013 Annual Conference in Seattle.

Investment Management Consultants Association® (IMCA®) presented four prestigious industry awards today at its 2013 Annual Conference in Seattle.

Gary P. Brinson, CFA®, L. Randolph Hood, CFA®, and Gilbert L. Beebower received the 2013 Matthew R. McArthur Award for their outstanding contributions to the profession of investment management consulting. Together they wrote one of the pioneering studies on asset allocation, “Determinants of Portfolio Performance,” which was published in 1986 and updated in 1991.

Brinson is president of GP Brinson Investments, a private investment company. He is the founder of Brinson Partners, Inc. and is a nationally recognized authority on global investing. He also is chair of The Brinson Foundation, a philanthropic organization that funds charitable grants, focusing support in the area of education and scientific research. He is a member of the Economic Club of Chicago, a former Executive Committee member and past chairman of the Institute of Chartered Financial Analysts, a former member of the Financial Analysts Journal Advisory Council as well as a former member of the Advisory Council for the CFA Centre for Financial Market Integrity.

Hood is chief investment officer, U.S. Employee Benefit Plans at Prudential Financial, Inc. He is the senior investment manager responsible for the merged retirement plan, the employee savings plan, and the welfare benefits plan. Before joining Prudential in 1986, he was a research analyst and portfolio manager at First Chicago Investment Advisors, and he has served as an officer in the United States Army Field Artillery.

Beebower directed advanced investment research at SEI Investments Co. He was a member of the Presidential Task Force on Market Mechanisms (The Brady Commission) in 1987. He also conducted investment-related studies for the U.S. Department of Labor and the U.S. Securities and Exchange Commission, and performed work for the New York, American, Hong Kong, and Singapore stock exchanges. Prior to SEI, he also held positions with the Funds Evaluation group of A.G. Becker, O’Brien Associates, James H. Oliphant and Company, and the Planning Research Corporation.

Arthur B. Laby won the 2013 Richard J. Davis Legal/Regulatory/Ethics Award for his article, “Selling Advice and Creating Expectations: Why Brokers Should Be Fiduciaries” (Washington Law Review 87 Wash. L. Rev. 707, October 2012: 707–776). The award honors the author of an article that has made a significant contribution to advancing the understanding and knowledge of investment management consulting and/or private wealth management in the area of ethics, and/or the fiduciary, legal, or regulatory issues that affect these professional practices. Mr. Laby is a professor at the Rutgers School of Law in Camden, where he teaches courses in securities regulation, business organizations, and the regulation of mutual funds. He is a recognized expert in securities law, the regulation of investment management, and fiduciary obligation. Before joining the Rutgers faculty, he served for nearly 10 years on the Securities and Exchange Commission staff, most recently as Assistant General Counsel. Before that, he was awarded a Fulbright scholarship and was a visiting lecturer in Germany. He is a magna cum laude graduate of Boston University School of Law, where he was an editor on the Law Review.

Carrie H. Pan, PhD, and Meir Statman, PhD, took home the 2013 Edward D. Baker III Journal Award for their article, “Questionnaires of Risk Tolerance, Regret, Overconfidence, and Other Investor Propensities” (Journal of Investment Consulting 13, no. 1, 2012: 54–63). The award honors the author of an original article that represents the best writing for the previous year and is germane to the investment management consulting and/or private wealth management professions. Carrie Pan is an assistant professor of finance at Santa Clara University. Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University and Visiting Professor at Tilburg University in the Netherlands.

Bruce Curwood, CIMA®, CFA®, received the 2013 Stephen L. Kessler Writing Award for his article, “Choosing Investment Risk Systems” (Investments & Wealth Monitor 27, no. 4, July/August 2012: 42–48), which he co-authored with Thomas Gillespie, PhD. The award honors IMCA members for their excellent editorial contributions during the previous year to IMCA’s Investments & Wealth Monitor. He is director, investment strategy, with Russell Investments in Toronto.

Click here to learn more about IMCA’s awards and to read the award-winning articles.

About IMCA

Established in 1985, IMCA is a nonprofit professional association and credentialing organization with more than 9,000 individual members. IMCA members collectively manage more than $1.9 trillion, providing investment consulting and wealth management services to individual and institutional clients. Since 1988, IMCA has offered the Certified Investment Management Analyst® (CIMA®) certification, which earned accreditation by the American National Standards Institute (ANSI) in April 2011, making it the first financial services credential in the United States to meet international standards (ISO 17024) for personnel certification. IMCA’s Certified Private Wealth Advisor® (CPWA®) certification is suited for wealth management professionals working with high-net-worth clients. In 2012, IMCA conferences and workshops hosted approximately 4,000 attendees.

IMCA® and Investment Management Consultants Association® are registered trademarks of Investment Management Consultants Association Inc. CIMA®, Certified Investment Management Analyst®, CIMC®, CPWA®, and Certified Private Wealth Advisor® are registered certification marks of Investment Management Consultants Association Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or practices on the basis of race, color, religion, gender, national origin, age, disability, or any other characteristic protected by law.

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