
Known for quantitative investing and fundamental indexing; founded Research Affiliates in 2002 and in August 2026 sold its RAFI Indices unit to TMX Group.
Syzygy Asset ManagementResearch AffiliatesFirst QuadrantFinancial Analysts Journal
Syzygy Asset Management Insights (formerly Research Affiliates Publications)
Fundamental Indexation launched the smart-beta industry and The Fundamental Index turned it into a book that outlived its news cycle, on top of a long asset-management record.
3 books of their own · 59 articles · 68 appearances
Portfolio insurance, optimisation, surplus management and tactical asset allocation.
Recommended by: Mohnish Pabrai
| Asset Allocation: A Handbook of Portfolio Policies, Strategies and Tactics | – | 1988 | T2 | – |
Active Asset Allocation: State-of-the-Art Portfolio Policies, Strategies & Tactics | Portfolio insurance, optimisation, surplus management and tactical asset allocation. | 1992 | T2 | – |
The Fundamental Index: A Better Way to Invest | – | 2008 | T4 | Mohnish Pabrai |
| The Active Side of Indexing | Syzygy Asset Management (Research Affiliates) | Article | 2026 |
| Fundamental Growth | Syzygy Asset Management (Research Affiliates) | Article | 2026 |
| Fear, Not Risk, Explains Asset Pricing | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2025 |
| Fundamental Growth | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2025 |
| Revaluation Alpha | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2025 |
| Does Fiscal Stimulus Stimulate? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2025 |
| The EV Shakeout | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2025 |
| Smart Rebalancing | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2023 |
| Reimagining Index Funds | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2023 |
| The Avoidable Costs of Index Rebalancing | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2022 |
| History Lessons: How 'Transitory' Is Inflation? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2022 |
| Non-Covid Excess Deaths, 2020-21: Collateral Damage of Policy Choices? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2022 |
| Mitigating the Hidden Risks of Factor Investing | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2022 |
| Where's the Beef? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2022 |
| Reports of Value's Death May Be Greatly Exaggerated | Financial Analysts Journal | Research paper | 2021 |
| Big Market Delusion: Electric Vehicles | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2021 |
| Factor Momentum | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2020 |
| A Backtesting Protocol in the Era of Machine Learning | The Journal of Financial Data Science | Research paper | 2019 |
| Alice's Adventures in Factorland: Three Blunders That Plague Factor Investing | The Journal of Portfolio Management | Research paper | 2019 |
| Buy High and Sell Low with Index Funds! | Research Affiliates (RAFI archive) | Article | 2018 |
| Can Momentum Investing Be Saved? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2018 |
| The Folly of Hiring Winners and Firing Losers | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2018 |
| How Can 'Smart Beta' Go Horribly Wrong? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Timing 'Smart Beta' Strategies? Of Course! Buy Low, Sell High! | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Forecasting Factor and Smart Beta Returns (Hint: History Is Worse than Useless) | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| The Incredible Shrinking Factor Return | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| To Win with 'Smart Beta' Ask If the Price is Right | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Why Factor Tilts are Not Smart 'Smart Beta' | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Presidential Politics and Stock Returns | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| I Was Blind, But Now I See: Bubbles in Academe | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Whither Bonds, after the Demographic Dividend? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Rip Van Winkle Indexing | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Clairvoyant Discount Rates | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| Labor Conditions and Future Capital Market Performance | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| A New 'New Normal' in Demography and Economic Growth | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2017 |
| How Can "Smart Beta" Go Horribly Wrong? | Research Affiliates (RAFI archive) | Article | 2016 |
| Timing "Smart Beta" Strategies? Of Course! Buy Low, Sell High! | Research Affiliates (RAFI archive) | Article | 2016 |
| Rethinking the Equity Risk Premium | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2015 |
| King of the Mountain: The Shiller P/E and Macroeconomic Conditions | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2015 |
| The Myth of Dynastic Wealth: The Rich Get Poorer | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2015 |
| The Glidepath Illusion... and Potential Solutions | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2013 |
| The Winner's Curse: Too Big to Succeed? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2012 |
| Rebalancing and the Value Effect | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2012 |
| Demographic Changes, Financial Markets, and the Economy | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2011 |
| The Equity Premium Revisited | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2010 |
| Beyond Cap-Weight: The Search for Efficient Beta | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2009 |
| Clairvoyant Value and the Growth/Value Cycle | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2009 |
| Clairvoyant Value and the Value Effect | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2008 |
| Valuation-Indifferent Weighting for Bonds | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2008 |
| Can Noise Create Size and Value Effects? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2006 |
| Noise, CAPM, and the Size and Value Effects | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2006 |
| Fundamental Indexation | Financial Analysts Journal | Research paper | 2005 |
| Fundamental Indexation | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2004 |
| Earnings Growth: The Two Percent Dilution | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2004 |
| Surprise! Higher Dividends = Higher Earnings Growth | Financial Analysts Journal | Research paper | 2003 |
| Surprise! Higher Dividends = Higher Earnings Growth | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2003 |
| Does Dividend Policy Foretell Earnings Growth? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2002 |
| What Risk Premium is 'Normal'? | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 2002 |
| Surprise! TAA Can Work in Quiet Markets | SSRN / Financial Analysts Journal / Journal of Portfolio Management | Research paper | 1998 |
| Taking an Alternative Approach to Index Funds Paywall | The Wall Street Journal | 2013 |