Panel of Judges
An esteemed panel of judges with broad finance and investment experience has been assembled to review submissions and select the winner(s) of the IRRC Institute Research Award:
Mark J.P. Anson, Managing Partner and Chief Investment Officer, Oak Hill Investment Management
Prior to Oak Hill, Mr. Anson was president and executive director of investment Services at Nuveen Investments, an asset management firm with nearly $145 billion assets under management. Prior to Nuveen, he served as chief executive officer of Hermes Pensions Management Ltd., an institutional asset management company with $80 billion AUM, where he was also the chief executive officer of the British Telecom Pension Scheme, the largest pension fund in the United Kingdom and the sole owner of Hermes. Prior to Hermes, he served as the chief investment officer of the California Public Employees' Retirement System, one of the largest pension funds in the U.S.
Mr. Anson is the former chairman of the board of the International Corporate Governance Network. He also has served on the advisory boards for the New York Stock Exchange, NYSE/Euronext, MSCI-Barra, The Dow Jones-UBS Commodity Index, and the International Association of Financial Engineers.
Currently, he is a member of the Board of Governors of the CFA Institute and the SEC Advisory Committee to SEC Chairwoman Mary Schapiro. He has published over 100 research articles in professional journals, has won two Best Paper Awards, is the author of five financial textbooks including the Handbook of Alternative Assets, which is the primary textbook used for the Chartered Alternative Investment Analyst program. He sits on the editorial boards of several financial journals.
Mr. Anson earned a B.A. in Economics and Chemistry from St. Olaf College, a J.D. from Northwestern University School of Law, and a Masters and a Ph.D. in Finance from Columbia University Graduate School of Business, all with honors. In addition, Mark has earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, Certified Management Accountant, and Certified Internal Auditor professional designations.
Robert Arnott, Chairman, Research Affiliates
Over his 30-year career, Robert Arnott has endeavored to bridge the worlds of academic theorists and financial markets. His success in doing so has resulted in a reputation as one of the world's most provocative and respected financial analysts.
Mr. Arnott 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 indexation.
In 2002, he established Research Affiliates as a research-intensive asset management firm. He 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 & Foster 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.
Mr. Arnott is a frequent contributor to leading financial journals and books. He has published more than 100 articles in journals such as the Journal of Portfolio Management, the Harvard Business Review, and the Financial Analysts Journal where he also served as editor in chief from 2002 through 2006. He received five Graham and Dodd Scrolls awarded annually by CFA Institute for best articles of the year. He also has received two Bernstein-Fabozzi/Jacobs-Levy awards from the Journal of Portfolio Management.
He lectures frequently, served as a visiting professor at UCLA, and served on the product advisory board of the Chicago Board Options Exchange and two other exchanges. Mr. Arnott graduated summa cum laude from the University of California, Santa Barbara in 1977 in economics, applied mathematics, and computer science.
Collette Chilton, Chief Investment Officer, Williams College
Ms. Chilton is responsible for the investment of approximately $1.7 billion in assets held by the Williams endowment. Previously, she served as the chief investment officer for Lucent Technologies from 1998 to 2006 where she responsible for the investment and oversight of approximately $40 billion in retirement-related assets.
From 1996 to 1998, she served as chief investment officer of the $30 billion Pension Reserves Investment Management Board. She held a similar position with the Massachusetts State Teachers and Employees Retirement Systems Trust from 1993 to 1996. Prior to 1993, Ms. Chilton was in investment banking with the First National Bank of Boston and Citicorp Investment Bank.
She is a member of the investment committee at Dartmouth College, and a member of the board and chairman of the nominating committee of the Center for Private Equity and Entrepreneurship at The Tuck School of Business at Dartmouth College. Ms. Chilton is a member of the board, and audit and governance committees of TIFF Advisory Services. She serves on the investment committee of The Edna McConnell Clark Foundation. In addition, she has been a Visiting Fellow in Private Equity at the Tuck School of Business since 1998.
She graduated from the University of California, Berkeley, with a Bachelor of Science degree in Political Economy of Natural Resources. She received a Masters of Business Administration from the Tuck School of Business at Dartmouth.
Dr. Jim Hawley is Professor in the Graduate Business Programs, School of Economics and Business Administration; and, Director of the Elfenworks Center for the Study of Fiduciary Capitalism, at Saint Mary's College of California.
He has been at Saint Mary's for almost 25 years. Previously, he worked at Wells Fargo Bank as a country risk analyst, and previously taught at the University of California, Davis. Dr. Hawley also has been an invited guest professor at the Universite de Paris and at the Universite de Montpillier in France. He was a guest scholar at the Judge Institute at the University of Cambridge, U.K, and has lectured in a number of countries in Europe.
Dr. Hawley is the author of two books. The first is on international banks and the global monetary system, and the most recent on U.S. pension funds and the ownership of U.S. corporations, titled, "The Rise of Fiduciary Capitalism: How Institutional Investors Can Make Corporations More Democratic," published by the University of Pennsylvania Press in 2000. Additionally, he is the author of numerous articles, chapters in books and papers on a range of topics including corporate governance, the international monetary and financial system, and environmental issues. Most recently he is co-editor of the book "Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis" (also from the University of Pennsylvania Press).
He received his BA from the University of Wisconsin, MA from the University of California, Berkeley, and Ph.D. from McGill University in Montreal, Canada.
Bill Miller, Chairman, Legg Mason Capital Management
Mr. Miller is the Chairman of Legg Mason Capital Management. Prior to joining Legg Mason in 1981, he served as treasurer of the J.E. Baker Company, a major manufacturer of products for the steel and cement industries.
Mr. Miller has received many professional honors over the course of his career, including Morningstar's "Fund Manager of the Decade" and recognition as a member of the "All Century Investment Team" by Barrons. Mr. Miller is also the Chairman Emeritus of the Santa Fe Institute.
He earned his economics degree from Washington and Lee University where he graduated in 1972 with honors. Subsequent to graduation, he served as a military intelligence officer overseas and then pursued graduate studies in philosophy in the Ph.D. program at The Johns Hopkins University. Bill received his CFA designation in 1986.
Jon Lukomnik, Executive Director of the IRRC Institute, acts as coordinator for the IRRC Institute Research Award.
NOTE: Please do not contact judges regarding award. All inquiries should be directed to Jon Lukomnik at email@example.com or 212-344-2424.