On The Move: Schoenfeld Named CIO

By
ETF.com Staff
August 11, 2006
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Hey, this active indexing stuff works! Steven Schoenfeld named chief investment officer at Northern Trust.

 

Steven Schoenfeld, author of Active Index Investing and founder of this Web site, will be named Chief Investment Officer of Global Quantitative Management at Northern Trust Global Investments (NTGI) on Monday, Aug. 14.

Schoenfeld joined NTGI in 2004 as its chief investment strategist, helping to lead the research, strategy and product development efforts for NTGI's quantitative management group. In his new position, he will also take on responsibility for the total investment performance across all of NTGI's index, enhanced index and quantitative active products. NTGI is one of the leaders in the index/quant management space, with over $216 billion in index/quant assets under management at its Global Quantitative Management group.

Schoenfeld has a strong background in the index community, where he serves on the S&P Index Advisory Panel, the Dow Jones Wilshire Indexes Advisory Board, the FTSE Global Equity Indices Committee and the Russell Indexes Client Advisory Board. Previously, he served as a managing partner of Global Index Strategies, as managing director of Barclays Global Investors and as an investment officer at IFC/World Bank. He had also earlier served on the Editorial Board of the Journal of Indexes.

"Steven Schoenfeld has been a dynamic leader of our quantitative investment team as it forges new strategies for domestic and international markets, and his new title and duties recognize that leadership," said NTGI President Terry Toth. "In addition to showcasing Northern Trust's quantitative investment capabilities in the global marketplace, Steven and his team have earned the respect of their professional peers with important investment research for our clients and externally published articles over the last two years."

John O'Connell, vice president and director of public relations, added that the new title and increased responsibility "reflect the fact that he's done a lot of great work since he arrived here 18 months ago."

In related news, NTGI said it would be growing its quantitative arm in the weeks and months to come, as quantitative strategies continue to gain traction in the investment marketplace.

NTGI had $216 billion in assets under management as of June 30, 2006.

 

ETF DAILY DATA

iShares' 'Core' funds 'IEFA' and 'IEMG' hauled in major money on Wednesday, Feb. 25, as total U.S.-listed ETF assets reached $2,096 trillion.

Big inflows into the 'Core' fund 'IEFA' and 'IEMG' fueled the firm's issuer-leading inflows on Wednesday, Feb. 25, as total U.S.-listed ETF assets reached $2.096 trillion.

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