Rick Di Mascio joined the British Coal Pension Fund in September 1979 which at that time accounted for 1% of the UK stock market. Over the next decade, he held positions at the Abu Dhabi Investment Authority in London and later joined a boutique investment advisory known as MIM which eventually became Invesco.
Rick was invited back to the British Coal Pension Fund, where he held the joint roles of CIO and CEO. In this capacity, Rick managed the investment portfolio and a team of 26 investment professionals while working closely with the Trustees, including the Mineworkers and Government. At that time, the scheme became one of the earliest adopters of a strategy that later became known as LDI.
Prior to launching Inalytics in 1998, Rick also held positions at Goldman Sachs Asset Management, where he was the co-head of the UK business unit and then launched and managed risk at one of the early European Long / Short funds, Olympus Capital.
In 1998, Rick launched Inalytics with the idea that the Fund Management industry would come to need objective empirical measures of how they generate alpha. As a private business Inalytics strives to have close working relationships with its Clients, which include over fifty of the World’s largest and smallest Fund Managers, Sovereign Wealth Funds and Pension Funds, and Investment Consultants.
Rick is currently a Special Advisor to the Universities Superannuation Scheme, one of the largest principal private pension schemes for universities and other higher education institutions in the UK and has recently completed, with his Co-Authors at The London Business School and Columbia University, a paper investigating the relationship between holding periods and alpha.