Jim Kaffen President

Dr. Frank A. Sortino Director Emeritus

PRI, founded in 1981, has conducted research projects with firms such as Shell Oil Pension Funds, Netherlands; Fortis, Netherlands; Manulife, Toronto, Canada; Twentieth Century Funds, City & County of San Francisco Retirement System, Marin County Retirement System, and The California State Teachers Retirement System. The results of this research have been published in many leading financial journals and magazines.
Prior to teaching, Dr. Sortino was in the investment business for more than a decade and was a partner of a New York Stock Exchange firm and Senior V.P. of an investment advisory firm with over $1 billion in assets. He is known internationally for his published research on measuring and managing investment risk and the widely used Sortino ratio. Dr. Sortino serves on the Board of Directors of the Foundation For Fiduciary Studies and writes a quarterly analysis of mutual funds for Pensions & Investments magazine. Dr. Sortino earned an MBA from U.C. Berkeley and a Ph.D. in finance from the University of Oregon.