The DFA Model
Daring to be different.
In the current issue of Barron's, Beverly Goodman profiles Dimensional Fund Advisors, the nation's eighth-largest mutual fund company. It's a good read.
Dating back to the early 1980s, DFA is the most self-consciously academic of fund companies, having been founded by two former University of Chicago graduate students, David Booth and Rex Sinquefield, who had studied under efficient-markets theorist Eugene Fama. Other fund companies trumpeted star managers; DFA would trumpet star research.