Gary P. Brinson | |
---|---|
Born | 1943 Seattle, Washington |
Residence | Chicago, Illinois |
Alma mater |
Seattle University (BA, 1966) Washington State University (MBA, 1968) |
Occupation | Investment management |
Employer |
UBS (Retired) Brinson Partners (Prior) First National Bank of Chicago (Prior) |
Known for | Research on asset allocation Founder of Brinson Partners |
Gary P. Brinson is a former investor and money manager. He is the founder of Brinson Partners a Chicago-based asset management firm acquired in 1994 by Swiss Bank Corporation, the predecessor of UBS. Prior to retiring in 2000, Brinson would run the asset management division of Swiss Bank Corporation and later UBS Global Asset Management.
He is the co-author of two books on global investing and has authored numerous articles on an array of investment topics. Brinson has been called one of the investment field's "Living Legends" alongside investors such as George Russell, Jr., Warren Buffett, and Bill Gross.
Brinson was born in Seattle, Washington in 1943. His father worked as a bus driver and his mother worked at Sears as a clerk. He graduated from Seattle University in 1966 and would go on to receive an MBA from Washington State University in 1968.
Brinson entered the investment management business in the late 1960s as an analyst at Travelers Insurance Company. In 1979, Brinson left Travelers to join the trust department of First National Bank of Chicago as chief investment officer. By 1981, Brinson had assembled the team that would become First Chicago Investment Advisors and later Brinson Partners.
First Chicago Investment Advisors became a separate money management company in 1983. Through the 1980s, Brinson established himself as a pioneer in the development of the theory of asset allocation. Brinson pushed for allocation across stocks, bonds, cash, real estate, venture capital and other alternative asset classes using simple cost effective investment strategies. This would largely become conventional wisdom among money managers in the 1990s.