PLANSPONSOR’s 15 Legends of the Retirement Industry
This is our 9th installation of the 15 “Legends.” In our future newsletters and bulletins, we will be featuring the other Legends that were selected by PLANSPONSOR. Fred Reish was selected as one of the 15 “Legends of the Retirement Industry.” These “Legends” are individuals who have, in the past decade and a half, made a lasting contribution to the nation’s retirement security.
Asset management has changed in the last 15 years; possibly, the most dramatic change of all has been on quantitative thinking on the investment process. Quantitative thinking is behind virtually every successful asset management strategy today.
Academics like Bill Sharpe and Harry Markovitz rightfully deserves the credit of these views, but a handful of asset management executives like Tom Leob, Co-founder and Chairman of Mellon Capital, Nick Lopardo at SSgA and Patricia Dunn at BGI, translated these views into investment products.
In the 1970s and 1980s, Loeb “led Wells Fargo’s pioneering efforts in index fund management, tactical asset allocation, and enhanced equity strategies. He also introduced equity trading strategies that have been widely adopted in the investment management and brokerage communities.”
Congratulations to Tom Loeb and a handful of his colleagues at Wells Fargo for “first testing the logic” and contributing to today’s defined contribution industry.
Any U.S. federal income tax advice contained in this communication (including any attachments) is neither intended nor written to be used, and cannot be used, to avoid penalties under the Internal Revenue Code or to promote, market or recommend to anyone a transaction or matter addressed herein.
© 2009
Reish & Reicher, A Professional Corporation. All rights reserved. The REPORT TO PLAN SPONSORS is published as a general informational source. Articles are general in nature and
are not intended to constitute legal advice in any particular matter. Transmission of this report does not create an attorney-client relationship. Reish & Reicher does not warrant and is not
responsible for errors or omissions in the content of this report.
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