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David Booth is Chief Executive Officer and Chief Investment Officer of Dimensional Fund Advisors, an investment management firm with $123 billion under management. The core conceptualist and philosophical leader of the firm, Mr. Booth founded Dimensional Fund Advisors in 1981 and continues to head operations as chairman, CEO and CIO. Many of his original concepts underpin Dimensional's overall strategy, and his problem-solving innovations for clients set the firm apart from its competitors.
Mr. Booth’s groundbreaking work in indexing and small capitalization investing is an example of his ability to connect the academic side of economic science to the practical world of investment management—two worlds that previously existed in separate realities. In so doing, he has furthered both the state of investment management and the state of portfolio theory.
Mr. Booth was one of the pioneers of indexing when he started his career with Wells Fargo and worked on the first index funds with John A. McQuown. He later served as vice president and pension investment consultant at A.G. Becker, Inc. (now SEI, Inc.). Working initially out of his Brooklyn, New York brownstone, he founded Dimensional's US office in 1981 to provide access to the small capitalization dimension, which was largely underrepresented in institutional portfolios.
Board Position
Mr. Booth is a member of the Board of Trustees of the University of Chicago, where he is chairman of the investment committee, the University of Kansas Endowment Association, and the American Academy in Rome.
publications and awards
He has written numerous articles including "Diversification Returns and Asset Management" with Eugene F. Fama, which won a Graham and Dodd Award of Excellence from the Financial Analysts Journal in 1992.
Community Involvement
Mr. Booth also serves on the advisory council of the University of Chicago Graduate School of Business and is a member of the Paintings Conservation Council of the J. Paul Getty Trust and the California Commission for Jobs and Economic Growth.
Education
Mr. Booth received his MBA from the University of Chicago in 1971. He also holds an M.S. and a B.A. from the University of Kansas.
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