We congratulate Eugene on this well-deserved award and extend our thanks for his continued contributions in the investment industry.
Harrisburg, PA (PRWEB) November 22, 2013
Conrad Siegel Actuaries, delivering comprehensive employee benefits services, congratulates Eugene F. Fama on being awarded the 2013 Nobel Memorial Prize in Economic Science.
Fama, a Board Director at Dimensional Fund Advisors (DFA), inspired the investment philosophy behind Conrad Siegel Investment Advisors, a wholly owned subsidiary of Conrad Siegel Actuaries. When Conrad Siegel Investment Advisors was formed in 2002, the firm was selected to be an advisor of DFA.
Conrad Siegel Investment Advisors met stringent DFA standards to become an advisor, such as offering only fee-based services and not accepting commissions. As a DFA advisor, Conrad Siegel Investment Advisors’ approach to the market follows Fama’s research that it is very costly and difficult to beat the market since prices in the short term don’t have a predictable direction.
Recognized as the “father of modern finance,” Fama developed the efficient market hypotheses, which states that the prices on shares on the stock market are the best estimates of their value. Fama’s studies have shown that active management incurs high fees and often underperforms the market over time.
“We congratulate Eugene on this well-deserved award and extend our thanks for his continued contributions in the investment industry,” said Conrad Siegel, Founder of Conrad Siegel Actuaries. “Having toured DFA offices and hearing Eugene speak at DFA conferences, I was inspired by his research. Following Eugene’s philosophy, Conrad Siegel Investment Advisors has grown to over $860 million assets under management since its start.”
To learn more about Conrad Siegel Investment Advisors and its investment approach, please visit conradsiegelinvestmentadvisors.com.