Gary L. Bergstrom
Founder of Acadian Asset Management
Gary L. Bergstrom, PhD ’68 (XV) founded Acadian Asset Management in 1986, to offer advanced global investment strategies to institutional investors around the world. He has been investing globally for over 40 years and was one of the first institutional managers to advocate the benefits of disciplined global equity investment for U.S. based investors. He spent nine years at the Putnam Companies and later founded Acadian Financial Research (precedessor of Acadian Asset Management). That firm worked extensively with a number of major investment organizations, including the State Street Bank and Trust Company where it developed and helped manage the first international index matching strategies. When the formal relationship with State Street ended, Acadian Asset Management began managing institutional assets directly. Since then, the firm has grown to over $100 billion of assets under management and has continued to be a pioneer in developing a variety of active management strategies for global investing.
Gary has been a member of the editorial board of the Journal of Portfolio Management. His award-winning article, “A New Route to High Returns and Lowers Risks”, published in the journal in 1975, was one of the first to advocate significant allocations of the assets of U.S. - based funds to global equities. His other publications include articles in the Financial Analysts Journal, Columbia Journal of World Business, Management Science, The Wall Street Journal, and The Sloan Management Review, as well as chapters in many books.
Gary currently serves on the boards of several major non-profit institutions. He has a particular interest in development economics and emerging markets, gained in part from his extensive research experience in India. He earned a doctorate from MIT’s Sloan School of Management, where he also served on the faculty.