Biography
Richard M. Ennis, CFA, managed money at Transamerica and pioneered quant investing in the early 1970s. He helped create the field of institutional investment consulting at A.G. Becker & Co. Richard co-founded EnnisKnupp, the first consultancy to be recognized as a professional services firm. During his career, Ennis received lifetime achievement awards from CFA Institute and Investment Management Consultants Association. His research won Graham & Dodd and Bernstein Fabozzi Jacobs Levy Awards. He edited the Financial Analysts Journal. Upon the sale of his firm to Aon in 2010, he and his wife, Sally, retired to Sanibel Island, Florida. In 2019, Ennis published a memoir, Never Bullshit the Client: My Life in Investment Consulting.
When it comes to their benchmarking practices, US public pension funds need to find faster rabbits to chase.