Michael J. Clowes received the 2006 Matthew R. McArthur Award from the Investment Management Consultants Association, Denver, for fostering and supporting the work of investment consulting.
Mr. Clowes, editor-at-large of Pensions & Investments and sister publication InvestmentNews, retired from full-time involvement with the publications earlier this year; he'd been with P&I for 33 years.
"When we started P&I, our objective was to disseminate information about best practices — the things that worked and the things that didn't work. The things that worked, so other people could copy them, and the things that didn't so people wouldn't copy them," Mr. Clowes explained.
"We were doing it on a mass-market basis while consultants were doing it on a one-on-one basis. There are some similarities there."
In presenting the award on April 28, John Casey, chairman of investment consulting firm Casey, Quirk & Associates LLC, Darien, Conn., and a former recipient, said that although Mr. Clowes is not in the consulting business directly, "this man is a consultant to all of us."
Past recipients include Ed Callan, founder of Callan Associates, San Francisco, and Barr Rosenberg, founder of Rosenberg Institutional Equity Management, which is known today as AXA Rosenberg.
"There's no way I'm in (their) category," Mr. Clowes demurred. "I'm just a journalist doing his job."
