TORONTO, June 21, 2012 /CNW/ - Morningstar, Inc. (NASDAQ: MORN), a
leading provider of independent investment research, today announced
that Paul D. Kaplan, Ph.D., CFA, has been named director of research
for Morningstar Canada, reporting to Scott Mackenzie, president and CEO
of Morningstar Canada. Kaplan most recently served as director of
quantitative research for Morningstar Europe.
"Paul is a prominent thought leader in asset allocation and quantitative
analysis and will be a valuable addition to the Canadian research
team," Mackenzie said. "In his new role, he will continue to develop
methodologies for Morningstar's fund analysis and indexes as well as
assist in the creation of tools for advisors and retail investors
globally. He will also focus on Canadian-specific research."
Before joining Morningstar in 1999 as director of quantitative research,
Kaplan was vice-president and chief economist for Ibbotson Associates,
a leading expert on asset-allocation, which Morningstar acquired in
2006. Kaplan also served on the faculty of Northwestern University
during the 1980s where he taught international finance and statistics.
He holds a bachelor's degree in mathematics and computer science from
New York University a master's degree and doctorate in economics from
Northwestern University, and the Chartered Financial Analysts (CFA)
Over the past 13 years, Kaplan has held a number of research roles at
Morningstar. He led development of the current version of the
Morningstar RatingTM for funds (the "star rating") and the calculations behind the current
version of the Morningstar Style BoxTM as well as other fund analysis tools. He also developed the methodology
behind the firm's online retirement-planning service, and conducted
research on asset allocation, portfolio construction, and stock and
mutual-fund analysis. Kaplan has published numerous articles on
investment style analysis, performance and risk measurement, asset
allocation, retirement income planning, portfolio construction, index
methodologies, and alternative investments, many of which appear in his
recent book, Frontiers of Modern Asset Allocation (John Wiley & Sons, 2012). He has received the prestigious Graham and
Dodd Award and the Graham and Dodd Scroll for some of his published
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment
research in North America, Europe, Australia, and Asia. The company
offers an extensive line of products and services for individuals,
financial advisors, and institutions. Morningstar provides data on more
than 380,000 investment offerings, including stocks, mutual funds, and
similar vehicles, along with real-time global market data on more than
8 million equities, indexes, futures, options, commodities, and
precious metals, in addition to foreign exchange and Treasury markets.
Morningstar also offers investment management services through its
investment management subsidiaries and has more than $190 billion in
assets under advisement or management as of March 31, 2012. The company
has operations in 27 countries.
©2012 Morningstar, Inc. All Rights Reserved.
SOURCE Morningstar Research Inc.
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