Dimensional Fund Advisors is an investment firm that develops mutual funds grounded in academic research. The company was founded in 1981 by David Booth and Rex Sinquefield, both M.B.A. graduates of the University of Chicago, where fundamental research informing the firm was first developed by Professor Eugene Fama and Professor Kenneth French of Dartmouth College. See also: Efficient market hypothesis. The company is headquartered in Santa Monica, California, with regional offices in Sydney, London, Vancouver, and Chicago. The company is owned by its employees, board members and 28 outside investors, including Gov. Arnold Schwarzenegger. Dimensional boasts Nobel laureates Myron Scholes and Robert Carhart Merton as two of the seven board members. The late Merton Miller has also served as a director.

Dimensional manages over 100 billion dollars of funds as of 2006. The funds are not offered to the public directly, but only to institutional investors and registered investment advisers.

External links

• Official site
• Morningstar profile
• NYT profile
• DFA Funds Hard to Buy, Easy to Own