Target Date Funds Analysis By:
Thomas M. Idzorek, CFA
Chief Investment Officer, Director of Research & Product Development
Ibbotson Associates, a Morningstar company
22 West Washington Street
Chicago, IL 60602
Tom Idzorek joined Ibbotson in 2005 and is chief investment officer and director of research and product development. As chief investment officer, he leads the overall investment policy decisions on strategic and dynamic asset allocations as well as fund selections. In addition, Idzorek manages a team of Ph.D. researchers and is responsible for Ibbotson’s research agenda and new product development. Idzorek has expertise in strategic asset allocation, tactical (dynamic) asset allocation, asset allocation implementation, fund-of-funds optimization; risk budgeting, returns-based style analysis, and performance analysis. He is a member of Ibbotson’s Investment Policy Committee. Idzorek has authored numerous papers on a wide variety of asset allocation related topics. Prior to joining Ibbotson Associates, Idzorek was the senior quantitative researcher of Zephyr Associates. He developed and researched financial models and techniques for inclusion in the company’s analytical software. This included the co-development of the “Style Drift Score,” published in the Journal of Portfolio Management, the implementation of the Black-Litterman model, the application of returns-based style analysis to hedge funds, and the development of a methodology for creating fixed income universes. Idzorek received his bachelor’s degree in marketing from Arizona State University, his master’s degree in business administration from Thunderbird School of Global Management, and the Chartered Financial Analyst designation from the CFA Institute.
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