Rick joined the British Coal Pension Fund in 1979 and eventually held the joint roles of CIO and CEO. At that time the Fund was one of the earliest adopters of a strategy that later became known as LDI. Rick’s career included spells at Goldman Sachs Asset Management, and an early European Long / Short hedge fund, Olympus Capital.
In 1998, Rick launched Inalytics to provide objective empirical measures of how Fund Managers generate alpha. Inalytics’ clients include some of the world’s largest and smallest Fund Managers, Sovereign Wealth Funds, and Pension Funds.
Rick has co-authored a number of academic papers, including:
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors