WEST PALM BEACH, Fla.--(BUSINESS WIRE)--INTECH Investment Management LLC (INTECH) announced today that Danny Meidan, Ph.D., has joined the firm as Vice President, Senior Investment Officer effective January 18, 2011. Based out of INTECH’s West Palm Beach, Florida global headquarters, Dr. Meidan will supervise the firm’s Florida research team. He will also be working with INTECH’s clients and consultants to further their understanding of the firm’s investment philosophy, process and products. Additionally, Dr. Meidan will be collaborating with INTECH’s Princeton-based research team on research projects related to its mathematical investment theory.
In announcing the hiring of Dr. Meidan, Robert A. Garvy, M.B.A., Chairman and Co-CEO of INTECH noted, “This is a key appointment. The senior investment officer at INTECH connects our Ph.D. team of researchers based in Princeton with our clients and their consultants. Dr. Meidan possesses the requisite balance of practical investment experience along with a deep-rooted understanding of mathematical and quantitative investment theory. His background makes him uniquely qualified to help lead our Florida-based research efforts and we are very pleased to have him on board.”
In explaining what attracted him to INTECH, Dr. Meidan remarked, “INTECH has earned the reputation as a leader and innovator in the field of mathematical investment theory and I am very pleased to be joining the Florida research team. The stability of the organization, its strong investment philosophy, and long-term history of providing alpha to its clients, all contributed to my decision to join INTECH.”
Dr. Meidan joins INTECH from Menta Capital (San Francisco), where he was a Senior Quantitative Researcher working on generating and back-testing new quantitative trading ideas for a hedge fund investing globally in several market neutral equity strategies. Prior to that, he worked at Barclays Global Investors (BGI; San Francisco), now BlackRock, where he was a Principal, Portfolio Manager/Researcher, with a focus on U.S. large-cap active equity management. While at BGI, he was responsible for the management and research agendas of a $2 billion U.S. large-cap, mid-horizon strategy and a $100 million long/short strategy based on U.S. sector timing. In this role, he was responsible for monitoring portfolio holdings and portfolio rebalancing, and signal exposure and performance. Additionally Dr. Meidan developed and tested new quantitative trading ideas, wrote research reports in connection with the signal approval process, and provided oversight and guidance to other researchers. Dr. Meidan was also a Lecturer in Finance at Northwestern University and UC Davis, where he taught corporate finance to undergraduate and M.B.A. students, respectively. Prior to commencing his Doctoral studies, Dr. Meidan was Vice President in the Technology Investment Banking Group at Friedman Billings Ramsey (Arlington, VA).
Dr. Meidan earned his Ph.D. in Finance from Northwestern University’s Kellogg School of Management (Evanston, Illinois), his Master of Business Administration from Washington University (St. Louis) and a Bachelor of Science in Electrical Engineering from Technion – Israel Institute of Technology (Haifa, Israel).
About INTECH
Headed by Chairman and Co- Chief Executive Officer Robert A. Garvy, INTECH was founded in 1987 following research undertaken by Dr. E. Robert Fernholz, the company’s Co-Chief Investment Officer, and the publication of his paper in 1982 on mathematical investment processes titled “Stochastic Portfolio Theory and Stock Market Equilibrium.” The company’s global headquarters is located in West Palm Beach, Florida and has offices in Princeton, New Jersey and London, England. As of September 30,2010, INTECH had approximately $42.4 billion under management and 83 employees. INTECH is an independently managed subsidiary of Janus Capital Group, based in Denver, Colorado.
About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform. At the end of September 2010, JCG managed $160.8 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo and Melbourne.
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