Parametric Announces New Head of Responsible Investing and the Expansion of the Global Research Team
25 June 2019 – Parametric Portfolio Associates LLC (Parametric), an affiliate of Eaton Vance Corp. (NYSE: EV), today announced three new hires: Gwen Le Berre as Head of Responsible Investing; Benjamin Davis, Ph.D., as Managing Director of Research, equity and factor strategies; and Benjamin Hood, Ph.D., as Director of Research, liquid alternatives, options and futures strategies.
Ms. Le Berre will join Parametric July 8th and be based in Seattle. She replaces Jennifer Sireklove, who, as previously announced, becomes Managing Director, Investment Strategy. Ms. Le Berre was formerly Director of Investment Stewardship at Charles Schwab Investment Management, Inc. (CSIM), where she spearheaded proxy and corporate governance initiatives. She was previously Vice President, Corporate Governance and Responsible Investment, for BlackRock. Ms. Le Berre earned a B.S. in Economics and Computer Science from Duke University and is a member of the Council of Institutional Investors, where she served as chair of the Corporate Governance Advisory Council in 2018.
According to Ms. Sireklove, “Gwen’s experience in evolving investment stewardship programs, driving responsible investment policy development and understanding how to effectively engage with directors and executives on important issues will be invaluable to Parametric and its clients.”
Based in Seattle, Mr. Davis joined Parametric on June 3 from AQR Capital Management (AQR), where he was Managing Director, Firm-Wide Risk Management. At AQR, he led the research team responsible for providing quantitative risk analysis across all strategies and asset classes. Prior to AQR, he was a Quantitative Researcher at Citadel, managing quantitative portfolio construction for global equities. Mr. Davis was previously a member of the factor model research team at MSCI Barra focusing on risk methodology and portfolio analytics. He holds a Ph.D. in Mathematics from the University of California, Berkeley, and a B.A. in Mathematics from Reed College.
Based in Minneapolis, Mr. Hood joined Parametric on April 29 from AQR, where he was lead researcher on risk parity portfolio risk models. Since 2016, Mr. Hood has been an Adjunct Lecturer in the Department of Finance at Carlson School of Management, University of Minnesota, focused on options and derivatives. He holds a Ph.D. and M.A. in Economics from the University of California, Los Angeles, and a B.S. in Economics and B.A. in Mathematics from the University of Minnesota.
“We are delighted to expand our research and development capabilities with the addition of experienced investment professionals. Ben Davis is expanding our leadership in custom indexing, factor-based investing and systematic alpha strategies. His extensive knowledge of risk modeling strengthens Parametric’s research team and helps us to meet client demand for differentiated research,” said Paul Bouchey, Chief Investment Officer, Parametric. “Ben Hood is bringing industry leading expertise in risk forecasting and liquid alternatives to our research team and our clients.”
“We are committed to providing deep and comprehensive insights to our clients as we help them build customized portfolios,” added Mr. Bouchey, who on November 1, 2019 will become Global Head of Research & Development, Parametric, as previously announced.”
“This muted effect means that in our simulations, a portfolio holding a fair allocation of all IPO stocks on listing day only gets an average 3.5 basis points in performance each year from IPO participation. This modest result is hardly the stuff of breathtaking anecdotes and does not indicate that having institutional access to IPOs adds much value.”
Parametric Portfolio Associates® LLC ("Parametric"), headquartered in the United States in Seattle, Washington, with Australian offices at MLC Centre, Suite 6502, 19-29 Martin Place, Sydney NSW 2000, is registered as an investment adviser under the United States Securities and Exchange Commission Investment Advisers Act of 1940. With over $230 billion USD of assets under management as of 30 September 2018, Parametric is a global asset management firm offering investors a variety of portfolio solutions, including tax-managed centralised portfolio management, tax-managed indexing and factor investing strategies, as well as emerging markets and defensive equities strategies. Parametric Australia is a division of Parametric Portfolio Associates® LLC that is a majority-owned subsidiary of Eaton Vance Corp, one of the world's most dynamic global asset management companies.
For more information please visit website: www.parametricportfolio.com
About Eaton Vance:
Eaton Vance Corp. provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Hexavest and Calvert, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of April 30, 2019, Eaton Vance had consolidated assets under management of $469.9 billion. Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924.
For more information please visit website: www.eatonvance.com