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Bruce Clarke, CFA
Partner, President
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Bruce Clarke is responsible for managing the firm's business
affairs as well as developing and implementing Arrowstreet's
strategic business plan. Bruce holds a seat on the firm's
Investment Committee.
From 1994 to 1999, Bruce was the President and CEO of
PanAgora Asset Management. He led the management of the
business with $17 billion of assets for 100 clients. In
addition, Bruce served as Chairman of the Investment Committee.
Bruce directed the global investment group at PanAgora
and its predecessor, The Boston Company, from 1988 to
1994. In that role, he oversaw the investment process
for all Global Asset Allocation, International Equity
and Emerging Market Strategies.
From 1984 to 1988, Bruce worked in London and Milan in
portfolio management and corporate finance. He started
his career in 1980 as a financial analyst at a Canadian
brokerage firm.
Bruce received his MBA from London Business School in
1984 and a B.Com.
from the University of British Columbia in 1980. Bruce
is a CFA charterholder.
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Peter Rathjens, Ph.D.
Partner, CIO |
Peter Rathjens has the overall responsibility for Arrowstreet's
investment products and chairs the firm's Investment Committee.
From 1998 to 1999, Peter was the Chief Investment Officer,
and from 1995 to 1999, the Director of Global Investments
at PanAgora Asset Management. He oversaw all of PanAgora's
investment strategies, with particular responsibility
for the global strategies, including Global Asset Allocation,
International Equities, and Emerging Market Equities.
Prior to that, he directed PanAgora's research team since
1992. In that role, he was responsible for coordinating
and overseeing all the research undertaken at PanAgora.
Peter started his career in quantitative asset management
at Colonial Asset Management where he built quantitative
models for forecasting and managing active equity portfolios.
His previous work experience includes jobs at Data Resources
and Lehman Bros., where he built economic forecasting
models.
Peter's academic career included positions as an Instructor
at Princeton University and as an Assistant Professor
and Adjunct Professor at Brandeis University. His publications
include papers in the Journal of Forecasting and
in the Review of Economic and Statistics.
Peter received his Ph.D. and MA in Economics from Princeton
University in 1990, and a BA in Economics and Mathematics
from Oberlin College in 1981.
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John Campbell, Ph.D.
Partner, Research |
John Campbell works with Peter Rathjens and Tuomo Vuolteenaho to formulate Arrowstreet's research agenda. In doing so, he provides investment insights based on the latest academic work and helps to solve specific technical problems that arise as Arrowstreet builds its products. John holds a seat on the firm’s Investment Committee.
John's industry experience includes 8 years consulting with PanAgora Asset Management, before helping to found Arrowstreet Capital. In addition, John serves on the board of the Harvard Management Company. He has consulted to the Federal Reserve Board and the Social Security Advisory Board, has held an appointment as a visiting fellow at the Bank of England, and has directed the Asset Pricing program at the National Bureau of Economic Research.
John is the Morton L. and Carole S. Olshan Professor of Economics at Harvard University. Prior to joining Harvard, John was Professor of Economics at Princeton University. In this course of his career John has held visiting appointments at several institutions including the Sloan School at MIT, the Wharton School at the University of Pennsylvania, and the London School of Economics. John is a Fellow of the American Academy of Arts and Sciences, and served as President of the American Finance Association in 2005.
John has published over 60 articles in finance and economics journals, and is a co-author of the leading advanced textbook in empirical finance, The Econometrics of Financial Markets (Princeton University Press, 1997). His latest book is Strategic Asset Allocation: Portfolio Choice for Long-Term Investors, with Luis Viceira (Oxford University Press, 2002). Both books have won Paul A. Samuelson Awards for outstanding scholarly writing on lifelong financial security. In 1999, John received the Fame Award for outstanding research contribution to the practice of asset management and, in 2005, he received the Graham and Dodd Award for his Financial Analysts Journal paper with Luis Viceira entitled “The Term Structure of the Risk-Return Tradeoff.”
John received his Ph.D. from Yale University in 1984 and a BA from Oxford University in 1979.
Further details about John's academic work can be found on his Harvard website  .
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John Capeci, Ph.D.
Partner, Portfolio Management |
John Capeci helps oversee all elements of Arrowstreet's portfolio management and production processes, including incorporating new research and implementation initiatives. John holds a seat on the firm’s Investment Committee.
John was the Director of Research at PanAgora Asset Management from 1998 to 1999. John’s areas of responsibility included overseeing PanAgora's quantitative research program and supervising an internal research staff responsible for the development and refinement of the firm’s forecasting models. In addition, he coordinated collaborative efforts between internal research staff and the external academic advisory council.
John’s previous positions at PanAgora included Senior Investment Manager, where he managed several U.S. Equity portfolios, as well as Research Manager, where he developed and enhanced forecasting models for a wide range of quantitative investment strategies.
Prior to joining PanAgora in 1994, John was an Assistant Professor of Economics at Brandeis University where he taught courses in Finance, Statistics, Public Finance, and Managerial Economics. Previously, John was a lecturer in the Economics Department at Princeton University.
John received a Ph.D in Economics from Princeton University in 1990, and a BA from Harvard University in 1984.
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Ezra Levine, CFA
Partner, Portfolio Management |
Ezra Levine is responsible for many of the functions associated
with the day-to-day implementation of the firm's investment
strategies. Ezra holds a seat on the firm's Investment
Committee.
From 1998 to 1999, Ezra was an Investment Manager within
the Global Investment team at PanAgora. In this role,
he was responsible for the daily management and implementation
of PanAgora's global strategies, including International
Equities, Emerging Market Equities and Global Asset Allocation.
From 1995 to 1998, Ezra was an Analyst and Trader for
Walden Capital Management. At Walden, Ezra was responsible
for the firm's equity and bond trading and assisted the
investment team with equity research.
Ezra started his career in asset management in 1993 as
a Trader and Sales Trader for Valores Bursatiles de Mexico
in Mexico City. While there, he developed trading relationships
with global investment firms located in the United States,
Japan and Europe.
Ezra received his B.S. in Business Administration with
a Finance concentration
from Northeastern University in 1992. Ezra is a CFA charterholder.
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Jim Thames, CFA
Partner, Portfolio Management |
Jim Thames is responsible for many of the functions associated
with the day-to-day implementation of the firm's investment
strategies. Jim holds a seat on the firm's Investment
Committee.
From 1995 to 1999, Jim was a Senior Equity Research Analyst
at the Frank Russell Company. He was responsible for evaluating
and recommending stock selection strategies to Frank Russell
clients. Jim focused primarily on strategies utilizing
quantitative tools and techniques for implementation purposes.
His specific areas of research responsibility included:
US Market-Oriented, Market-Neutral, TAA, Global TAA, and
Global Balanced.
From 1989 to 1993, Jim was an Analyst for Merrill Lynch
Consulting Services. He was part of a three-person team
responsible for providing overall investment consulting
services to public plan sponsors throughout Florida. Services
included asset allocation studies, manager searches, and
ongoing performance measurement.
Jim received his MBA from the University of W. Florida
in 1994 and his BA in Finance from the University of Florida
in 1989. He has also completed MBA course work at
Duke University's Fuqua School of Business. Jim is a CFA
charterholder.
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Tuomo Vuolteenaho, Ph.D.
Partner, Research |
Tuomo Vuolteenaho works with John Campbell, John Capeci, and Peter Rathjens to advance Arrowstreet's research agenda, focusing on new signals and strategies based on both academic public-domain and proprietary quantitative research.
Prior to joining Arrowstreet Capital on a full-time basis, Tuomo held a position as an Associate Professor of Economics at Harvard University. Simultaneously with his Harvard appointment, Tuomo also served as a Faculty Research Fellow at the National Bureau of Economic Research. Tuomo has published and has forthcoming articles in top finance and economics journals, such as the Journal of Finance, Journal of Financial Economics, Review Financial Studies, Quarterly Journal of Economics, and American Economic Review. His research has focused on the dynamics of firms' cash-flow fundamentals, realized stock returns, and expected stock returns. Most of this published research is directly relevant for Arrowstreet Capital's quantitative processes.
Tuomo's industry experience includes several years of consulting while at Harvard. In addition to working with Arrowstreet Capital, he has advised other asset management organizations, such as a European private fund, a Finnish mutual-fund family, and other investment managers.
Tuomo graduated from the University of Chicago Graduate School of Business with a doctoral degree in finance in 2000.
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Vaithi Muttulingam, CPA, CFA
Partner, Finance & Compliance |
Vaithehi Muttulingam is responsible for financial and compliance monitoring at Arrowstreet.
From 1994 to 1999, Vaithehi was an Auditor in the assurance and business advisory services unit at PricewaterhouseCoopers LLP. Her responsibilities included managing client relationships and fund audits for large mutual fund complexes, preparation of internal control reports on fund accounting functions, and performing centralized assessments of expense structures of funds complex-wide. She also provided research and consulting services in connection with business re-engineering, security lending programs, and implications of recently issued regulatory guidelines.
Vaithehi started her career in accounting in 1993 as a Staff Accountant for Gregor Professional Corporation. While there, she was responsible for preparing financial statements and quarterly payroll tax forms for clients.
Vaithehi received her MBA in Finance and Accounting from The University of Oregon in 1993, and her BS in Biochemistry from the University of Oregon in 1991. She is a Certified Public Accountant and a CFA charterholder.
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| Marketing and Client Service Team |
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Michael Stanton, CFA
Partner, Business Development |
Michael Stanton is responsible for leading Arrowstreet's sales and marketing effort.
Prior to joining Arrowstreet, Michael was a Managing Director on the Consultant Relations Team at Babson Capital Management from 2000 to 2006. His responsibilities included managing and servicing investment consultant relationships, new business development, and strategic marketing.
From 1994 to 2000, Michael worked as a Consultant Relations Associate at Putnam Investments. In this position, his responsibilities included marketing to investment consultants, database and RFP content and broad product development. Michael also spent time at Putnam in Defined Contribution Plan Administration, where he managed an investor services group and served as a registered representative working with retail mutual fund clients.
Michael received his BA in Government from Colby College in 1992. Michael is a CFA charterholder.
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Alex Casale, CFA
Associate, Business Development |
Alex provides support for Arrowstreet Capital's sales and marketing efforts.
Prior to joining Arrowstreet, Alex was a Principal at Hamersley Partners, a third-party marketing firm that supports boutique investment managers. In this role, he marketed global and international equity investment products to institutional consultants and plan sponsors. Alex also held the position of Director of Market Development at FNS, where he led consultant relations and marketing efforts. He began his career at Allen & Gerritsen as a Senior Account Manager.
Alex received an MBA from the Wharton School in 2001 and a BA summa cum laude from the University of Connecticut in 1994. Alex is a CFA charterholder.
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