International Indexing Pro and BGI Senior Executive, Steven Schoenfeld Joins Distinctive Separate Account Manager, Active Index Advisors.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--April 22, 2003 Advisors and investors to benefit greatly as AIA AIA - Application Integration Architecture brings widely-used institutional strategy to the managed accounts market Active Index Advisors (AIA) today announced that Steven A. Schoenfeld has joined as Chief Investment Officer. Previously, Mr. Schoenfeld was a Managing Director of Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. (BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International ) serving most recently as Head of International Equity Product Strategy and BGI's Global Coordinator for Index Methodology and Vendor Relationships. In his six years at BGI, Steven helped develop and manage a variety of industry-leading index products, including institutional developed and emerging market funds, and global iShares Exchange Traded Funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETFs). Mr. Schoenfeld joins a seasoned management team that includes President, Henry Alexander; Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Mark Adams Mark Adams is a college basketball analyst on the ESPN family of networks. Adams was a college basketball coach for 17 years. He was known as a program rebuilder who took over programs that were a combined 28-54 (. ; and Chief Technology Officer, Daniel Goter. Mr. Schoenfeld will also join Mr. Alexander and AIA Chairman, Kevin Carter, on the company's Board of Directors. AIA's Advisory Board includes Charles Schwab Charles Schwab can refer to:
"Steven's experience and knowledge of index-based portfolio management, coupled with his reputation and relationships in the indexing world make him the ideal leader for our efforts to bring institutional quality index strategies to the managed account market," said Mr. Carter, Chairman of Active Index Advisors. "We are thrilled he is joining the AIA team." "Active Index Advisors is bringing indexing to a market where index strategies are greatly underrepresented un·der·rep·re·sent·ed adj. Insufficiently or inadequately represented: the underrepresented minority groups, ignored by the government. , and we will use the power of indexing to deliver the benefits of customization and tax-optimization in an efficient manner," said Mr. Schoenfeld. "I also am excited to help champion the use of customized index-based strategies based on leading benchmark indexes, and to spearhead the use of ETFs within the managed account market." Mr. Schoenfeld will continue to serve the broader index industry, through his work on several key Index Committees, including his role as the Chair of the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. Americas Index Committee. In addition, he is editing a book, "Active Index Investing", which will be the definitive guide to understanding the concepts and practices of indexing. The book, to be published by John Wiley & Sons in October, will detail the theoretical case for indexing, best practices in benchmark construction and portfolio management, and the ways in which the world's most sophisticated investors use index-based products and strategies in their portfolios. About Active Index Advisors Active Index Advisors (www.activeindexing.com) is a San Francisco-based investment management firm that offers index-based separately managed accounts. AIA is transforming the investment choices available to the individual investor by delivering institutional quality investment management to the managed account market through the use of its proprietary platform and unique focus. AIA's strategies offer the diversification and risk control of index strategies combined with individual portfolio customization and active tax management. |
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