Founder, Aronson+Johnson+Ortiz B.S., University of Pennsylvania, The Wharton School of Business, M.B.A., University of Pennsylvania, The Wharton School of Business Spelman College Board of Trustees: Elected in 2004 City of Residence: Philadelphia, Pennsylvania Ted Aronson is Founder of Aronson+Johnson+Ortiz, an institutional investment advisor with $20 billion under management. Aronson joined Drexel Burnham Lambert in 1974 while still a graduate student. He was a member of the Quantitative Equities Group, which provided innovative practical applications of modern portfolio theory and quantitative portfolio management. His group managed the Revere Fund, the first actively managed fund registered with the SEC to employ modern portfolio theory. Prior to forming AJO, Aronson founded Addison Capital Management. He is past chair of the CFA Institute (formerly AIMR) and is a CFA charter holder.