Our Team

Rob Arnott 

Chairman & Chief Executive Officer

Research Affiliates Chairman & Chief Executive Officer 620 Newport Center Dr, Ste 900 Newport Beach CA USA

Rob Arnott is the founder and chairman of Research Affiliates. 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.

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 Management, the Harvard Business Review, and the 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's papers have received seven Graham and Dodd Scrolls, awarded annually by CFA Institute for top Financial Analysts Journal articles of the year. He also has received three 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 degree (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" Financial Analysts Journal
2003 "Surprise! Higher Dividends = Higher Earnings Growth" Financial Analysts Journal
2002 “What Risk Premium is ‘Normal’?Financial Analysts Journal
1989 “A Disciplined Approach to Global Asset Allocation,” Financial Analysts Journal
1989 “A Total Differential Approach to Equity Duration,” Financial Analysts Journal
1985 “The Business Cycle and Security Selection,” Financial Analysts Journal
1983 “Systematic Asset Allocation,” 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" ​Journal of Portfolio Management
2001 “The Death of the Risk Premium,”
Journal of Portfolio Management
1997 “Bull Market, Bear Market: Should You Really Care?” Journal of Portfolio Management

  • Rip Van Winkle Indexing

    Journal Papers  

    August 2015 | Rob Arnott, Vitali Kalesnik, Noah Beck

    A whimsical and provocative look at an investment “strategy” with remarkable efficacy—how 20-year-old cap weights can beat today's cap-weighted market.

  • Whither Bonds After the Demographic Dividend?

    Journal Papers  

    March 2015 | Rob Arnott

    With aging populations, economic growth is slowing in the United States and other developed countries. And the long-term trend in real GDP growth affects the natural real interest rate. These linkages have vital implications for bond investing and public policy.

  • Getting Smarter About Commodities

    Journal of Indexes  

    November 2014 | Rob Arnott, Jason Hsu, Denis Chaves, Jodie Gunzberg, Peter Tsui

    A fresh approach to commodities indexing may help investors protect their portfolios against inflation shocks, lower overall volatility, and achieve better performance…without giving up desirable characteristics of conventional indices.

  • What Are We Doing to Our Young Investors?


    October 2014 | Rob Arnott, Lillian Wu

    With the growing use of target date funds, young workers’ defined contribution (DC) portfolios are increasingly concentrated in stocks. But in a recession many young workers cash out their DC assets to meet living expenses. A potential solution: less risky starter portfolios.

  • What "Smart Beta" Means to Us


    August 2014 | Rob Arnott, Engin Kose

    The controversial term “smart beta” is used so broadly in the marketplace that it risks becoming meaningless. This article describes the characteristics of equity strategies that, in our view, merit the smart beta designation.

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