Theodore Aronson

Theodore Aronson

In 1984, Theodore R. Aronson (MBA, BS, Wharton), 60, founded AJO
(formerly Aronson+Partners and Aronson+Fogler), an institutional investment
manager with $20 billion under management.

Ted joined Drexel Burnham Lambert in 1974 while still a graduate student. He was a
member of the Quantitative Equities Group, which provided innovative practical
applications of Modern Portfolio Theory and quantitative portfolio management.
This group managed the Revere Fund, the first actively managed fund registered
with the SEC to employ Modern Portfolio Theory. Prior to forming AJO, Ted
founded Addison Capital Management.

Ted was past chair of the CFA Institute (formerly AIMR) and is a CFA charterholder.
He chaired AIMR’s Trade Management Guidelines Task Force. Ted is a trustee of
Spelman College and chair of its investment committee. He was a Lecturer in
Finance at The Wharton School and is a frequent speaker on Wall Street issues,
especially innovations in trading methods to minimize transaction costs — including
a session at Salomon Brothers’ training program. (Salomon’s training program was
immortalized in Michael Lewis’ Liar’s Poker. When Ted spoke, however, he was not
pelted by spitballs!).

Hirtle Callaghan

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