Author and Renowned Systematic Investment Expert to Lead Team
Managing $125 Billion in Client Assets
NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) announces the appointment of Andrew Ang, PhD,
as a Managing Director and Head of the Factor-Based Strategies Group. In
this role, Dr. Ang will lead BlackRock’s expansion in the emerging field
of active investing via exposure to different risk premiums. BlackRock
currently manages over $125 billion in client assets across a variety of
factor-based products and strategies.
Dr. Ang joins BlackRock from Columbia Business School, where he has
focused on understanding the nature of risk and return in asset prices,
in particular the behavior of factor risk premiums within and across
asset classes, over the past 15 years. His research spans bond markets,
equities, asset management and portfolio allocation, and alternative
investments. Most recently, Dr. Ang was Chair of the Finance and
Economics Division and the Ann F. Kaplan Professor of Business at
Columbia. Dr. Ang’s recent book “Asset Management: A Systematic Approach
to Factor Investing” published by Oxford University Press in 2014 has
been lauded by the investment community.
In addition to his academic work, Dr. Ang has consulted for Canada
Pension Plan Investment Board, Norges Bank and the Norwegian Ministry of
Finance, the UAW Retiree Medical Benefits Trust and other large
institutional managers on factor investing strategies.
“Markets are constantly evolving. Historic sources of outperformance are
so widely understood and incorporated by investors that their impact has
diminished. To generate sustainable investment results, investors will
need to use data and technology in factor-aware investment processes,”
said Ken Kroner, Global Head of Multi-Asset Strategies for BlackRock.
“Andrew Ang is a leading light in this arena, having applied his
knowledge to some of the largest portfolios in the world. His
combination of knowledge and experience make him ideal person to drive
BlackRock’s development in factor-based strategies.”
“With BlackRock’s established systematic investment platform, along with
its data analytics capabilities and superior talent, this is the perfect
opportunity for factor investing to truly transform asset management,”
said Dr. Ang. “BlackRock is a trusted advisor to some of the most
sophisticated asset owners in the world. Having that credibility
supporting the next generation of factor-based strategies will be
critical in educating investors and clients about these important
developments in portfolio construction and active asset management.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20150609006608/en/
BlackRock, Inc.
Ed Sweeney, 1-646-231-0268
Ed.Sweeney@blackrock.com
Source: BlackRock, Inc.