Advertisement
Skip to Content
  1. Authors
  2. Paul Kaplan

Paul Kaplan

Paul D. Kaplan is director of research at Morningstar, responsible for the quantitative methodologies behind Morningstar's fund analysis, stock analysis, advice, advisor tools, and other services. He conducts research on style analysis, performance measurement and attribution, equity and fixed income models, asset allocation, and portfolio construction. He has developed models of investment style, fund ratings, and asset allocation. He has performed asset-allocation analysis, developed and back tested portfolio-management strategies, and led the development of a family of equity style indexes.

 

Many of Dr. Kaplan's research papers have been published in professional books and publications such as the Journal of Portfolio Management, the Journal of Investing, the Journal of Performance Measurement, the Journal of Indexes, and the Handbook of Equity Style Management. The paper he wrote with Roger Ibbotson, "Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance?" which appeared in the Financial Analysts Journal, won a Graham and Dodd Award of Excellence for 2000.

 

Dr. Kaplan has made numerous presentations on fund analysis, asset allocation, portfolio management, and related topics at professional conferences, meetings of professional organizations, and professional education programs. His opinions have been quoted in the Financial Times, U.S. News & World Report, Pensions & Investments, Investment News, Financial Planning, and Bloomberg Wealth Manager. He has also appeared on CNBC.

 

Before joining Morningstar in 1999, Dr. Kaplan was a vice president of Ibbotson Associates and was the firm's chief economist and director of research. Prior to that, he served on the economics faculty of Northwestern University where he taught international finance and statistics.

 Dr. Kaplan holds a bachelor's degree in mathematics, economics, and computer science from New York University and a master's degree and doctorate in economics from Northwestern University. He has served as a member of the editorial board of the Financial Analysts Journal, and holds the Chartered Financial Analyst® designation.

Latest