William Sharpe

William F. Sharpe was awarded the Nobel Prize in Economics in 1990, sharing the honor with Harry M. Markowitz and Merton H. Miller. Sharpe developed the capital asset pricing model, a system to explain the relationship between securities prices, risks, and returns. He founded an investment consulting firm, William F. Sharpe Associates, in 1986, with seed funding from the Frank Russell Company. After that company folded, he established Financial Engines Inc., a portfolio advising company, in 1996.