BRUCE I. JACOBS, Principal, co-founded Jacobs Levy Equity Management in 1986. He is co-chief investment officer, portfolio manager, and co-director of research. Dr. Jacobs's articles on equity management have appeared in the Financial Analysts Journal, Journal of Portfolio Management, Journal of Investing, Japanese Security Analysts Journal, and Operations Research. He has received Financial Analysts Journal Graham and Dodd Awards and outstanding article awards from the Journal of Portfolio Management and Journal of Investing. Dr. Jacobs is author of Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes (Blackwell), co-author with Ken Levy of Equity Management: Quantitative Analysis for Stock Selection (McGraw-Hill and a Chinese translation), co-editor with Ken Levy of Market Neutral Strategies (Wiley), and co-editor of The Bernstein Fabozzi/Jacobs Levy Awards: Five Years of Award-Winning Articles from The Journal of Portfolio Management (Institutional Investor). He was a featured contributor to How I Became a Quant: Insights from 25 of Wall Street's Elite (Wiley). Dr. Jacobs has spoken at many forums, including the Institute for Quantitative Research in Finance, Berkeley Program in Finance, CFA Institute, Rutgers University, Society of Quantitative Analysts, and New York Society of Security Analysts, and he has given a Financial Analysts Journal Media Seminar and presented at conferences for Goldman Sachs and Morgan Stanley. Formerly he was First Vice President of the Prudential Insurance Company of America, where he served as Senior Managing Director of a quantitative equity management affiliate of the Prudential Asset Management Company and Managing Director of the discretionary asset allocation unit. Prior to that, he was on the finance faculty of the University of Pennsylvania's Wharton School and consulted to the Rand Corporation. Dr. Jacobs has a B.A. from Columbia College, an M.S. in Operations Research and Computer Science from Columbia University's School of Engineering and Applied Science, an M.S.I.A. from Carnegie Mellon University's Graduate School of Industrial Administration, and an M.A. in Applied Economics and a Ph.D. in Finance from the Wharton School. He is an Associate Editor of the Journal of Trading and serves on the Journal of Portfolio Management Advisory Board and the Financial Analysts Journal Advisory Council. Dr. Jacobs also served on the Committee to Establish the National Institute of Finance and is a member of its successor, the Office of Financial Research Discussion Forum.