Jason is partner and senior advisor of Research Affiliates and chairman and CIO of Rayliant Global Advisors. Based in Hong Kong, Rayliant Global Advisors is an investment management firm focused on smart beta strategies tailored to the Asian markets as well as Chinese equity strategies targeted at foreign institutional investors. Research Affiliates, a research-intensive asset management firm, is the global leader in smart beta and asset allocation, delivering investment solutions globally in partnership with leading financial institutions.
Jason is at the forefront of the smart beta revolution and is a recognized innovator and thought leader in the space. Building on his pioneering work on the RAFI™ Fundamental Index™ approach to investing with Rob Arnott in 2005, he has published numerous articles on the topic, notably including “A Survey of Alternative Equity Index Strategies,” which won a 2011 Graham and Dodd Scroll and the Readers’ Choice Award from CFA Institute, and "The Surprising Alpha from Malkiel's Monkey and Upside-Down Strategies," which won the 2013 Bernstein Fabozzi/Jacobs Levy Award for Outstanding Paper in the Journal of Portfolio Management. In 2005 and 2013, he received the William F. Sharpe Award for Best New Index Research, which is awarded by Institutional Investor Journals, for his research on smart beta.
Jason has authored more than 40 peer-reviewed articles. He is an associate editor of the Journal of Investment Management and serves on the editorial board of the Financial Analysts Journal, Journal of Index Investing, Journal of Investment Consulting, and Journal of Investment Management.
Jason graduated with a BS summa cum laude in physics from the California Institute of Technology, was awarded an MS in finance from Stanford University, and earned his PhD in finance from UCLA, where he conducted research on the equity premium, business cycles, and portfolio allocations.
Awards & Recognitions
2015 Bernstein Fabozzi/Jacobs Levy Outstanding Article Award for "A Study of Low-Volatility Portfolio Construction Methods" in the Journal of Portfolio Management
2013 Bernstein Fabozzi/Jacobs Levy Outstanding Article Award for "The Surprising Alpha from Malkiel's Monkey and Upside-Down Strategies" in the Journal of Portfolio Management
2013 William F. Sharpe Award - ETF/Indexing Paper of the Year for "A Framework for Examining Asset Allocation Alpha" in the Journal of Index Investing
2011 CFA Institute Graham and Dodd Scroll Award for "A Survey of Alternative Equity Index Strategies"
2011 Financial Analyst Journal Readers' Choice Award for "A Survey of Alternative Equity Index Strategies"
2009 Outstanding Service to UCLA Anderson School of Management
2008 Institutional Investor 20 Rising Stars of Hedge Fund Award
2005 William F. Sharpe Award - Best Index Research for "Fundamental Indexation"