Alan Biller, Ph.D.
Founder, Principal, Chairman & CEO
In 1982, Mr. Biller founded the firm to provide strategy and investment consulting services to institutional clients. Today, he serves as Chairman and CEO of the firm.
Mr. Biller has advised major pension plans since 1975 when he led the Wells Fargo team which developed the first (and only) pension plan stochastic optimization model. Since 1986 he has been fiduciary adviser (and since 2013 OCIO) to the largest multi-employer pension plan in the world. He periodically serves as an expert witness in Federal Court on fiduciary responsibility, investment policy and portfolio management, and was a court-appointed trustee of a corporate ESOP.
Mr. Biller earned an accelerated B.A. as Scholar of the House with distinction, magna cum laude and Phi Beta Kappa at Yale, a M. Phil. in the History and Philosophy of Religion at the University of London, a Ph.D. in Philosophy at Columbia University, and an M.B.A. in Finance at Harvard Business School, where he was a Baker Scholar. He was awarded a Younger Humanist Fellowship from the National Endowment for the Humanities. He started his career as an Assistant Professor of Philosophy at Pomona College.
The French Government awarded Mr. Biller a medal for helping to found and serve as president of the International School of the Peninsula. He formerly was a board member and treasurer of Child Family Health International, a non-profit NGO which sends medical students to work in clinics in underdeveloped countries. He is a member of the Band of Angels and the Alliance of Angels.
Jennifer Newell, CFA, CAIA
Ms. Newell joined the firm in 2010 with more than 20 years of experience managing institutional investment portfolios. She is a member of the team that advises the firm’s largest client, as well as the lead consultant to its other multi-billion dollar funds. Her work includes asset allocation design and investment education.
Prior to joining the firm, she was a managing director and senior portfolio manager at Wells Capital Management, where she was responsible for the Advantage Dividend Income Fund. Previously she was president and portfolio manager of Newell Associates, where she managed over $2 billion for pension, endowment and foundation clients, and co-managed the Vanguard Equity Income Fund. She has also held marketing positions at Putnam Investments and Massachusetts Financial Services.
She holds the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA) designations, is a member of the CFA Institute, Security Analysts Society of San Francisco, and Financial Women’s Association.
Ms. Newell earned a B.A. magna cum laude, Phi Beta Kappa, in Economics from Wheaton College, attended the London School of Economics, and holds an M.B.A. from the University of California, Berkeley. She is a frequent speaker at industry events.
Simon Lim, JD, CFA, CAIA
Principal, Chief Compliance Officer & Managing Senior Consultant
Mr. Lim joined the firm in 2010 with over 12 years of experience in finance. He is a member of the team that advises the firm’s largest client, as well as the lead consultant for other defined benefit, defined contribution and health and welfare plans. He serves as Chief Compliance Officer.
Previously, he was a lead analyst at CalPERS where he oversaw $3 billion in fixed income securities, made investment recommendations and created credit models. He also held positions in corporate finance at Hewlett-Packard and Cisco, where he assisted with strategic planning and business forecasting.
He holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations and is a member of the CFA Institute and the CFA Society of San Francisco.
Mr. Lim earned a B.A. in Economics from the University of California, Los Angeles and holds a J.D. and M.B.A. from the University of California, Davis and a Masters in Finance from the London Business School.
Asad Ali, MBA
Principal, Executive Vice President
Mr. Ali joined the firm in 2014 with 16 years of experience in institutional investment consulting and asset management. He is a lead consultant for defined benefit, defined contribution, and health and welfare plans. He assists clients with all types of projects, including asset allocation and liability studies, all-in-fee assessments, plan investment structure reviews, manager searches, and investment policy statements. He is a member of the firm’s management committee.
Prior to joining the firm, Mr. Ali served as a Principal and Senior Consultant with Mercer Investments for six years. Prior to entering the consulting field, he worked with Miller & Jacobs Capital leading the development of their credit business in New York. Before obtaining his MBA, he worked as an Assistant Vice President at Mizuho Corporate Bank in their Alternative Investments Group.
Mr. Ali earned a B.A. in Economics from the University of Connecticut. He received his M.B.A from the Isenberg School of Business at the University of Massachusetts. He is a decorated veteran who served in the U.S. Air Force.
David Vas, ASA
Director of Consulting
Mr. Vas joined the firm in 2012 with 25 years of experience in actuarial consulting, financial analytics, and portfolio management. He is the lead consultant for defined benefit, defined contribution, and health and welfare plans. He is a member of the firm’s Investment Committee.
Prior to joining the firm, he was a co-portfolio manager with Symphony Asset Management. His previous experience includes over a decade as a senior analyst with that firm and Bank of America Securities. He brings strong knowledge of retirement plans and actuarial liabilities as a result of his 12 years as a pension actuary with Towers Watson and Buck Consultants.
Mr. Vas is an Associate of the Society of Actuaries and was an Enrolled Actuary for the U.S. Treasury.
He earned a B.A. in Applied Mathematics from the University of California, Berkeley and an M.B.A. in Finance from the University of San Francisco, where he graduated Beta Gamma Sigma and first in his class.
Chief Operating Officer
Ms. Burrows joined the firm in 2004 with experience in performance analysis, cash reconciliation, and investment policy modification. She is now the firm’s Chief Operating Officer and heads our OCIO Solutions team. She is a member of the firm’s management committee. Formerly, she managed the Reporting & Analytics team responsible for performance reporting and analytics for the firm’s clients.
Prior to joining the firm, she was an investment operations manager with Northwestern Mutual Financial Network, where she coordinated all transactions for the San Jose branch office. Her prior work experience includes performance measurement with Clerical Medical Investment, Ltd., London, UK.
Ms. Burrows earned an A.S. in Computer Business Administration from Heald College. She also attended University College Galway, Galway, Ireland.