Steven A. Schoenfeld and Robert E. Ginis joined Northern Trust Global Investors in new quantitative strategy positions, effective Oct. 4. Mr. Schoenfeld will be chief investment strategist-global quantitative management and leader of NTGI's global quantitative investment committee; Mr. Ginis will be senior investment strategist-global quantitative management. Mr. Schoenfeld will report to Orie Dudley, CIO; Mr. Ginis will report to Mr. Schoenfeld. Both positions are new, said Richard Jurek, vice president. "Northern is adding a new layer of global strategy," he said.
"We won't be managing the day-to-day investment process," Mr. Schoenfeld said. "We will be integrating the perspective of the global quantitative management teams," which include equity and fixed-income indexing and enhanced indexing, Mr. Schoenfeld said. Their other duties will include product development and evaluating performance and benchmark issues.
He said Northern Trust approached the two about the jobs.
Messrs. Schoenfeld and Ginis were managing partners at consultant Global Index Strategies, which specializes in financial product development and benchmark research; they will close the firm. Mr. Schoenfeld was also founder of the firm and was previously CIO at Active Index Advisors, a managing director at Barclays Global Investors and an investment officer at the International Finance Corp./World Bank. Mr. Ginis was previously head of international equity strategy at BGI, a portfolio manager at Emerging Market Equity Management, and a market analyst at International Finance Corp./World Bank.