Dimensional Fund Advisors does not have a sales force nor does it sell its funds directly to individual investors. But that’s not what concerns CEO David Booth.
What keeps the chairman, founder and co-CEO of the $214 billion fund company awake at night? Finding good managers.
At the annual Tiburon conference in New York today Booth took the stage with host Chip Roame to discuss his firm’s path to success. Dimensional Fund Advisors was launched in 1981 in Booth’s New York City apartment with classmate Rex Sinquefield (albeit with support from some notable academics like Myron Scholes , Robert C. Merton and Eugene Fama) and has quietly transformed into a fund family powerhouse.