The consulting industry honored two of its founding fathers last month at the Investment Management Consultants Association's annual conference in Tucson, Ariz.
John Casey and Edwin C. Callan were the first recipients of the Matthew R. McArthur award, which recognizes outstanding contributions to the consulting industry and a long-term commitment to the profession.
Several hundred people attended the April 30 award ceremony, which featured a video on the history of consulting and Mr. Casey's and Mr. Callan's contributions to the industry.
Mr. Casey was one of the first consultants to conduct a search for emerging managers.
As chairman of BARRA RogersCasey Inc., Darien, Conn., Mr. Casey adheres to his belief in the basics of consulting. "It's the relationship and trusted advice," he said. He founded Rogers, Casey & Barksdale in 1976.
Mr. Callan was one of the first consultants to measure manager performance and conduct searches for clients. He founded Callan Associates in 1973 and still serves as chairman of the San Francisco-based company.
Jeffrey Van Orden, president of IMCA and principal at Milliman & Robertson, Philadelphia, said the award was named for an ERISA attorney and IMCA board member who died last year. Mr. Van Orden helped to choose the recipients as part of a panel composed of Michael J. Clowes, editorial director of Pensions & Investments; Phil Maisano of Evaluation Associates; and Frank Minard of InvestorForce.com.
