James R. Vertin Award

The James R. Vertin Award is presented periodically to recognize individuals who have produced a body of research notable for its relevance and enduring value to investment professionals.

James Vertin
James R. Vertin

This award was established in 1996 to honor James R. Vertin, CFA, for his outstanding leadership in promoting excellence and relevancy in research and education.

Vertin Award Winners


Jack Bogle Headshot

John C. Bogle


John C. Bogle was founder and former chief executive of the Vanguard Group, Valley Forge, Pennsylvania, and president of its Bogle Financial Markets Research Center.

William N. Goetzmann

William N. Goetzmann


William N. Goetzmann is Edwin J. Beinecke Professor of Finance and Management Studies and director of the International Center for Finance at Yale School of Management, New Haven, Connecticut.

William Bernstein

William J. Bernstein


William J. Bernstein is co-principal at Efficient Frontier Advisors, Eastford, Connecticut.

Terrance Odean

Terrance Odean


Terrance Odean is Rudd Family Foundation Professor of finance at the University of California, Berkeley, Haas School of Business.

Frank Fabozzi

Frank J. Fabozzi CFA


Kenneth French

Kenneth R. French


Kenneth R. French is Roth Family Distinguished Professor of Finance at the Tuck School of Business at Dartmouth College, Hanover, New Hampshire.

Richard Grinold

Richard C. Grinold


Ronald Kahn

Ronald N. Kahn


Ronald N. Kahn is a managing director and global head of systematic equity research at BlackRock, where he has overall responsibility for the research underpinning the Systematic Active Equity products. His service with the firm dates back to 1998, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to that, he worked as director of research at Barra. An expert on portfolio management, risk modeling, and quantitative investing, Dr. Kahn has published numerous articles on investment management, and he coauthored, with Richard Grinold, Active Portfolio Management: Quantitative Theory and Applications. The two of them won the 2013 James R. Vertin award, presented periodically by CFA Institute to recognize individuals who have produced a body of research notable for its relevance and enduring value to investment professionals. He has won the Bernstein Fabozzi/Jacobs Levy award for best article in the Journal of Portfolio Management. Dr. Kahn is on the editorial advisory boards of the Financial Analysts Journal, the Journal of Portfolio Management, and the Journal of Investment Consulting. He teaches “International Equity and Currency Markets” in the Master of Financial Engineering Program at the University of California, Berkeley. Dr. Kahn received an AB in Physics, summa cum laude, from Princeton University and a PhD in Physics from Harvard University. He was a postdoctoral fellow in physics at the University of California, Berkeley.

Elroy Dimson

Elroy Dimson FSIP, PhD


Elroy Dimson, FSIP, is emeritus professor of finance at London Business School and visiting professor of finance at Cambridge Judge Business School. He also serves as chair of the strategy council for Norwegian Government Pension Fund Global. Professor Dimson has co-authored several books, worked as editor at a number of journals, including the Journal of Finance and Journal of Investment Management, and contributed to the CFA Institute Investment Management Code of Conduct for Endowments, Foundations, and Charitable Organizations. He is also the recipient of the 2011 James R. Vertin Award from the Research Foundation of CFA Institute, for producing a body of research notable for its relevance and enduring value to investment professionals. Professor Dimson holds a PhD from London Business School.

Roger Clarke

Roger G. Clarke PhD


Roger G. Clarke is chairman of the board of Analytic Investors, Inc., an investment management firm, and serves as president of Ensign Peak Advisors, Inc. He is currently on the editorial board of the Journal of Portfolio Management and the Journal of Investment Management and previously served on the editorial board of the Financial Analysts Journal. Dr. Clarke has authored numerous articles and papers relating to quantitative investment management and is the recipient of three Graham and Dodd Scrolls from CFA Institute. He holds a BA degree in physics and an MBA degree from Brigham Young University, and an MS degree in economics and a PhD degree in finance from Stanford University.

Robert Shiller

Robert J. Shiller


2013 Nobel Laureate in Economic Sciences, Sterling Professor of Economics, Yale University.

Keith Ambachtsheer

Keith P. Ambachtsheer


Keith Ambachtsheer is director emeritus of the International Centre for Pension Management at the Rotman School of Management at the University of Toronto, founding editor of the Rotman International Journal of Pension Management, and founding academic director of the Rotman-ICPM Board Effectiveness Program for Pension and Other Long-Horizon Investment Institutions. He founded and continues to serve as president of KPA Advisory Services Ltd, which provides strategic advice on governance, finance, and investment matters to governments, industry associations, pension plan sponsors, foundations, and other institutional investors around the world. Mr. Ambachtsheer also co-founded CEM Benchmarking Inc., which monitors the organizational performance of pension plans around the world. He has authored four books on pension management, has received pension industry awards for his work in Europe, the United States, Canada, and the Pacific Rim, and has been named one of the 10 Most Influential Academics in Institutional Investing by aiCIO. Mr. Ambachtsheer currently serves as a member of two corporate boards and four advisory councils.

Campbell Harvey

Campbell R. Harvey


Campbell R. Harvey is Professor of Finance at the Fuqua School of Business, Duke University, and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts. He is President of the American Finance Association.

Clifford Asness

Clifford S. Asness


Clifford S. Asness is managing and founding principal at AQR Capital Management LLC. Previously, he was managing director and a director of quantitative research for the asset management division at Goldman Sachs. Dr. Asness serves on the editorial boards of the Journal of Portfolio Management and the Financial Analysts Journal and the governing board of the Courant Institute of Mathematical Finance at New York University. He has received the James R. Vertin Award from the Research Foundation of CFA Institute for producing a body of research notable for its relevance and enduring value to investment professionals in addition to other awards given for his written articles. Dr. Asness holds a BS from the Wharton School at the University of Pennsylvania, a BS from the Moore School of Electrical Engineering, and an MBA and a PhD from the University of Chicago.

Andrew Lo

Andrew W. Lo


Charles E. and Susan T. Harris Professor of Finance​ and Director, Laboratory for Financial Engineering, Sloan School of Management, MIT

Andrew W. Lo is Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management and the director of MIT’s Laboratory for Financial Engineering. He focuses his research on the fundamental aspects of investments and financial markets, including the measurement of illiquidity risk in hedge fund returns, the growth of systemic risk in the hedge fund industry, and most recently, evolutionary and neurobiological models of individual risk preferences and financial markets. Before joining MIT’s finance faculty, Mr. Lo taught at the University of Pennsylvania’s Wharton School. He has published numerous articles and books on finance and economics. Mr. Lo received his PhD in economics from Harvard University.

Edwin Elton

Edwin J. Elton


Edwin J. Elton is professor emeritus and scholar in residence at the New York University Leonard N. Stern School of Business, New York.

Martin Gruber

Martin J. Gruber


Martin J. Gruber is professor emeritus and scholar in residence at the New York University Leonard N. Stern School of Business, New York.

Barr Rosenberg

Barr Rosenberg


William Fouse

William L. Fouse CFA


Rex Sinquefield

Rex A. Sinquefield


Roger Ibbotson

Roger G. Ibbotson PhD


Roger G. Ibbotson is Professor in the Practice Emeritus of Finance at Yale School of Management and chairman of Zebra Capital Management, LLC, a global equity investment and hedge fund manager. He is founder and former chairman of Ibbotson Associates. Dr. Ibbotson conducts research on a broad range of financial topics, including popularity, liquidity, investment returns, mutual funds, international markets, portfolio management, and valuation. He has written numerous books and articles, including Stocks, Bonds, Bills, and Inflation (coauthored by Rex Sinquefield), which is updated annually and serves as a standard reference for information and capital market returns. Dr. Ibbotson’s other books include The Equity Risk Premium, Lifetime Financial Advice, and, most recently, Popularity: A Bridge between Classical and Behavioral Finance. He is a regular contributor to and an editorial board member of both trade and academic journals. Dr. Ibbotson serves on numerous boards and frequently speaks at universities, conferences, and other forums. He received his bachelor’s degree in mathematics from Purdue University, his MBA from Indiana University, and his PhD from the University of Chicago, where he also taught for more than 10 years and served as executive director of the Center for Research in Security Prices.

Peter Bernstein

Peter L. Bernstein


Martin Leibowitz

Martin L. Leibowitz PhD


Martin L. Leibowitz is a managing director on Morgan Stanley's Global Research Strategy team, responsible for producing studies on such topics as beta-based asset allocation, long/short equity strategies and the need for greater fluidity in policy portfolios. Prior to joining Morgan Stanley, Mr. Leibowitz was vice-chairman and chief investment officer of TIAA-CREF from 1995 to 2004, with responsibility for the management of more than $300 billion in equity, fixed income and real estate assets. Previously, he had a 26-year association with Salomon Brothers, where he became director of global research, covering both fixed income and equities. Mr. Leibowitz has written more than 150 articles on various financial and investment analysis topics and has been the most frequently published author in both the Financial Analysts Journal and the Journal of Portfolio Management. Ten of his articles have received the Graham and Dodd Award for excellence in financial writing. He also has written several books: his first, Inside the Yield Book, is considered an investment standard. The CFA Institute has presented him with three of its highest awards. Mr. Leibowitz received an AB and MS from the University of Chicago and a PhD in mathematics from the Courant Institute of New York University.

Jack Treynor

Jack L. Treynor


William Sharpe

William F. Sharpe


We’re using cookies, but you can turn them off in Privacy Settings. If you use the site without changing settings, you are agreeing to our use of cookies. Learn more in our Privacy Policy.