Biography
Kurt D. Winkelmann has over 30 years of experience in investments and pension-related issues. He is a co-founder and the CEO of Navega Strategies, LLC, a quantitative investment research firm providing investment solutions. He has been a senior fellow at the Heller-Hurwicz Economics Institute (University of Minnesota), where he spearheaded the organization’s pension policy initiative. Before founding Navega, Winkelmann was managing director and global head of research at MSCI. Prior to that, he was a managing director at Goldman Sachs, where he led the Global Investment Strategies group in the Investment Management Division. Winkelmann has written extensively on asset allocation and risk management themes. He has been an adviser to the Monetary Authority of Singapore, a board member of the Alberta Investment Management Company, an adviser to the British Coal Staff Superannuation Scheme, and a director of the University of Minnesota Foundation Investment Advisors. Winkelmann is chair of the Advisory Board for the Heller-Hurwicz Economics Institute. He received his PhD and MA in economics from the University of Minnesota and his BA in economics and mathematics from Macalester College.
If active managers cannot add value, then passive is the preferred position, not the other way around.