Mr. Arnott is the founder and chairman of Research Affiliates, a subadvisor to PIMCO. In 2002, he established Research Affiliates as a research-intensive asset management firm that focuses on innovative asset allocation and alternative indexation products. He previously served as chairman of First Quadrant, as president of TSA Capital Management (now part of Analytic Investors), and as vice president at The Boston Company. He also was global equity strategist at Salomon Brothers. He has published more than 100 articles in journals.

Mr. Masturzo is CIO of Research Affiliates, a subadvisor to PIMCO. He leads the firm’s research efforts and alongside Rob Arnott, is a co-portfolio manager of the PIMCO All Asset and PIMCO All Authority funds and the PIMCO RAE (Research Affiliates Equity) strategies. Prior to joining Research Affiliates, he worked at Bloomberg, specializing in portfolio analytics. In this role, he advised portfolio managers on best practices related to performance measurement, attribution, and risk analytics for equity and fixed income portfolios. He holds an MBA from the Duke University Fuqua School of Business and a B.S. in electrical engineering from Cornell University. He holds the Chartered Financial Analyst designation and is a member of CFA Institute and CFA Society Orange County.