|James Investment Firm Earns Lipper Award
Savvy forecasting based on quantitative research has paid off for Frank James, M.S. ’66, Ph.D. ’67, founder and chairman of James Investment Research, an investment management firm near Dayton, Ohio, that manages over $2 billion in assets. His firm’s James Balanced Golden Rainbow Fund has been awarded “Best Mixed-Asset Allocation Moderate Fund Over 10 years” by Lipper, a Reuters company. The Fund also received Performance Achievement Certificates for a No. 1 ranking for both the one-year and five- year periods.
“We’ve been toiling away here in Alpha, Ohio (population 402), for the past 36 years,” says James. “Good research helps us to better anticipate the future, and we do all of our own research. We don’t disparage Wall Street advice, but we prefer to follow our own guidance.”
The 10-year time period covered by the award encompassed the boom and bust of the dot.com stocks, 9/11, the real estate bubble, and financial and credit crises. Correctly predicting an extended recession and declining stock prices enabled James’s firm to make good choices that preserved capital and avoided losses for client portfolios.
James’s degree dissertation at Rensselaer, “The Implications of Trend Persistency in Portfolio Management,” provided a computer-based study of the price movements of every security listed on the New York Stock Exchange between 1926 and 1960. The results of his research in identifying securities with high probability of future appreciation continue to be used in the firm today.
James was formerly in charge of the graduate management program, and a professor of management and statistics, at the Air Force Institute of Technology.