"Leading Consultants in the Closed-end Fund and ETF Sector"
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Born in Philadelphia, Pennsylvania (USA) in 1956
Graduated with BS in Accounting (1978) and MS (Honors) (1979) in Finance from the Pennsylvania State University
Qualified as a certified public accountant (CPA) with Arthur Young in 1980 before moving to the Financial Services Consulting Group in New York in 1981
Joined the Financial Services Consulting Group of Coopers and Lybrand in London in 1984
Joined Lehman Brothers (L Messel and Co) in 1985 on the trading and risk arbitrage desk of Closed End Funds, specializing in reconstructions of Split Capital Investment Trusts
In 1987 became head of Investment Trust research at BZW. Pioneered London’s first on-line split capital and warrant analysis system
Moved with team to SBC Warburg in 1990 as Head of Closed-end Funds research. Engineered the world’s first online real-time global closed end funds analysis system. Started the first weekly investor publication dedicated to split capital research
In 1997 became co-head of Closed-end Funds at West LB before founding Fundamental Data in early 1999
Founded Fundamental Data Ltd. in early 1998 and was its Research Director until its sale in October 2008 to Morningstar Inc. Remain a consultant to the firm
Director of Fund Consultants LLC, an organization that provides independent risk and performance evaluation studies of funds and their managers to a variety of interested parties – boards of directors, investors, regulators, lawyers, accountants, and the courts