lbs-ebsphoto-large2 (1)Laurence B. Siegel is the Gary P. Brinson director of research at the Research Foundation of CFA Institute, senior advisor to Ounavarra Capital LLC, and an independent consultant, writer, and speaker specializing in investment management.



University of Chicago, Graduate School of Business, MBA in finance, 1977

University of Chicago, The College, Bachelor of Arts, with honors, 1975


Ounavarra Capital LLC

Senior advisor, 2009-present (part time)

Research Foundation of CFA Institute

Gary P. Brinson Director of Research, 2012-present (part time)

Research Director, 2005-2012 (part time)

The Ford Foundation

Director of research, investment division, 2004-2009

Director, policy research, investment division, 1996-present

Director, quantitative analysis, investment division, 1994-1996

Ibbotson Associates, Inc.

Managing director, 1987-1994

Vice president, 1984-1987

Senior consultant and research director, 1982-1984

Analyst and research economist, 1979-1982

Robert M. James, Inc.

Regulatory economic consultant to The Marmon Group, 1977-1979


Editorial boards

Financial Analysts Journal, 2007-2012.

Investment Policy Magazine: founding editor, 1997-1998; contributing editor, 1998-1999

Journal of Investing, 1992-present

Journal of Portfolio Management, 1986-present

Research Foundation of CFA Institute, 2000-2005

Investment committees

NAACP Legal Defense and Educational Fund, investment committee, 1997-2010

Trust for Civil Society in Central and Eastern Europe, investment committee, 2000.2012;
chairman, 2001-2012.

Selected boards of directors and advisory boards

Advanced Portfolio Management, 2002-present

CFA Institute, Executive Advisory Board, 2009-2010

Criterium Advisors, 2007-present

Dow Jones Hedge Fund Strategy Benchmarks, 2001-2010

E. G. West Institute for Effective Schooling, 2009-present

Foundation Financial Officers Group (investment thought leader), 2011-present

Ibbotson Associates, board of directors, 1989-1994

Oberweis Emerging Growth Fund, board of directors, 1993-1994

Q Group – Institute for Quantitative Research in Finance (board of directors, 2008 – present;
program committee, 1999 – present; planning committee, 2011; 40th anniversary [Fall
2006] program subcommittee chair)