David Kabiller

{{short description|American tennis player and investor}}

{{Use mdy dates|date=October 2024}}

{{Infobox person

| name = David G. Kabiller

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| birth_date = {{Birth date and age|1963|07|02}}

| birth_place = Chicago, Illinois, U.S.

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| occupation = investor

| known_for = Co-founder of AQR Capital Management

| children = 1 son{{cite web|title=An Audience With AQR's David Kabiller|url=https://www.fnlondon.com/articles/an-audience-with-aqrs-david-kabiller-we-are-not-a-religious-cult-20171204|publisher=FNLondon}}

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David G. Kabiller (born July 2, 1963United States Public Records) is the founder, founding principal, and head of business development of AQR Capital Management,{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=4663097&privcapId=4663068&previousCapId=7774336&previousTitle=J.L.%20Kellogg%20School%20of%20Management,%20Northwestern%20University|title=David Gary Kabiller CFA|work=Businessweek.com}}{{cite news|title=How I Became a Quant'|url=https://www.wsj.com/articles/SB118773080179804450|newspaper=The Wall Street Journal|date=August 22, 2007}} along with Cliff Asness, John M. Liew and Robert Krail.{{cite web |title=David Kabiller, CFA |url=http://www.aqr.com/AboutAQR/OurPeople/Biography.aspx?principalId=67 |publisher=AQR Capital |url-status=dead |archiveurl=https://web.archive.org/web/20140208193519/http://www.aqr.com/AboutAQR/OurPeople/Biography.aspx?principalId=67 |archivedate=2014-02-08 }} He initiated AQR's international growth and its introduction of mutual funds{{cite web|title=AQR's David Kabiller Pioneers Hedge Funds for the Masses|url=http://live.wsj.com/video/hedge-funders-move-into-mutual-funds/DCD413A1-26C1-44B8-87FE-D254C18F1359.html#!DCD413A1-26C1-44B8-87FE-D254C18F1359|publisher=Wall Street Journal}} as well as the creation of the AQR University symposia series and the AQR Insight Award for outstanding innovation in applied academic research. Kabiller established AQR's QUANTA Academy program, which is designed to help employees reach their full potential. The program offers a holistic approach, focusing on both professional and personal development.

Early life and education

Kabiller was born July 2, 1963, in Chicago, Illinois, to a Jewish family, the son of Elaine (née Tunick; 1934-2022{{Cite web |title=Elaine Kabiller Obituary - Wilmette, IL |url=https://www.dignitymemorial.com/obituaries/wilmette-il/elaine-kabiller-10585849 |access-date=2023-02-13 |website=Dignity Memorial |language=en}}) and Irving Kabiller (1930–2012).{{Cite news |title=IRVING KABILLER Obituary (2012) - West Palm Beach, FL - The Palm Beach Post |url=https://www.legacy.com/us/obituaries/palmbeachpost/name/irving-kabiller-obituary?id=19354989 |access-date=2023-02-13 |website=Legacy.com}} He has one sister, Sari Kabiller Battista.[http://legacy.suntimes.com/obituaries/chicagosuntimes/obituary.aspx?pid=157789909 Chicago Sun Times: "Irving Kabiller"] May 27, 2012 He earned a B.A. in economics from Northwestern University, where he received an athletic scholarship to play tennis and was named to the Big Ten's Academic All-Conference team, and an M.B.A. from Northwestern's Kellogg School of Management.{{Cite web|title=David G. Kabiller|url=https://www.aqr.com/About-Us/OurFirm/David-Kabiller-Bio|access-date=2020-12-01|website=www.aqr.com|language=en}}{{Cite web|title=David Kabiller|url=https://www.forbes.com/profile/david-kabiller/|access-date=2020-12-01|website=Forbes|language=en}}

Career

After school, he worked as a vice president at Goldman, Sachs & Co.{{cite web|title=David Gary Kabiller CFA|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=4663097&privcapId=4663068&previousCapId=31721&previousTitle=MORNINGSTAR%20INC|publisher=Business Week}}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}

Kabiller has co-authored papers on topics including derivatives,{{cite web|title=Using Derivatives and Leverage To Improve Portfolio Performance|url=http://www.iimagazine.com/Popups/PrintArticle.aspx?ArticleID=2486929|publisher=Institutional Investor}} enhanced indexation, securities lending, insurance-linked securities,{{cite press release|title=AQR Capital Management Establishes Reinsurance Group|url=http://www.prnewswire.com/news-releases/aqr-capital-management-establishes-reinsurance-group-126104498.html|publisher=PRN Newswire}} hedge funds and the secret of Warren Buffett's investing acumen.{{cite web|title=Buffett's Alpha|url=http://www.econ.yale.edu/~af227/pdf/Buffett's%20Alpha%20-%20Frazzini,%20Kabiller%20and%20Pedersen.pdf|publisher=Yale University|access-date=2014-01-17|archive-url=https://web.archive.org/web/20131217133358/http://www.econ.yale.edu/~af227/pdf/Buffett's%20Alpha%20-%20Frazzini,%20Kabiller%20and%20Pedersen.pdf|archive-date=2013-12-17|url-status=dead}} “Buffett’s Alpha” received the 2018 Graham and Dodd Award from the Financial Analysts Journal for the year's best paper.{{Cite journal|url=https://www.cfainstitute.org/en/about/press-releases/2019/cfa-institute-financial-analysts-journal-announces-2018|title=CFA Institute Financial Analysts Journal Announces 2018 Graham and Dodd Awards of Excellence Winners|website=CFA Institute|language=en-US|access-date=2019-01-29}} He was profiled in Scott Patterson's book The Quants.

Philanthropy

He is a member of the Northwestern University Board of Trustees and large donor to both academic and athletic scholarship programs.{{cite web|title=Trustee David Kabiller Equips Student-Athletes for Success|url=http://giving.northwestern.edu/node/8157|publisher=Northwestern University}} He is a member of the Advisory Council of the AQR Asset Management Institute at London Business School{{cite web|title=Key People|url=http://www.london.edu/faculty-and-research/research-centres/aqr-institute-of-asset-management/people#.Vc41YPlVhBc/|publisher=London Business School|access-date=2015-08-14|archive-date=2015-01-09|archive-url=https://web.archive.org/web/20150109033247/http://www.london.edu/faculty-and-research/research-centres/aqr-institute-of-asset-management/people#.Vc41YPlVhBc/|url-status=dead}} and also serves on the board of trustees for the Terra Foundation for American Art.{{cite web|title=Board and Staff |url=http://www.terraamericanart.org/about/board-staff/ |publisher=Terra Foundation for American Art |url-status=dead |archiveurl=https://web.archive.org/web/20131213235825/http://www.terraamericanart.org/about/board-staff/ |archivedate=2013-12-13 }} He is chairman of the Executive Council of the International Institute for Nanotechnology{{cite web|url=http://www.iinano.org/executive-council|title=Executive Council - International Institute for Nanotechnology|website=www.iinano.org}} and endowed the biennial $250,000 Kabiller Prize in Nanoscience and Nanomedicine and $10,000 Kabiller Young Investigator Award in Nanoscience and Nanomedicine.{{Cite web |url=http://www.northwestern.edu/newscenter/stories/2015/05/nominations-invited-for-inaugural-250,000-kabiller-prize-in-nanoscience-and-nanomedicine.html |title=Nominations Invited for Inaugural $250,000 Kabiller Prize in Nanoscience and Nanomedicine: Northwestern University News |access-date=2015-06-04 |archive-url=https://web.archive.org/web/20150609192234/http://www.northwestern.edu/newscenter/stories/2015/05/nominations-invited-for-inaugural-250,000-kabiller-prize-in-nanoscience-and-nanomedicine.html |archive-date=2015-06-09 |url-status=dead }} He created the David G. Kabiller NU for Life Program, which provides mentoring and career development for Northwestern University athletes. In recognition of David's multimillion-dollar gift to endow the program, it was named in his honor in 2019.{{Cite web|url=https://news.northwestern.edu/stories/2019/10/trustee-endows-career-enhancement-program-for-student-athletes/|title=Trustee endows career enhancement program for student-athletes|website=news.northwestern.edu|language=en-US|access-date=2019-10-23}} In 2017, London Business School honored David with an Honorary Fellowship for his service to the school and distinction in business.{{cite web|url=https://www.london.edu/news-and-events/congregation/honorary-awards#.WWy1zdKGPup|title=Honorary Awards - London Business School|website=London.edu}} In 2021, Kabiller endowed the Kabiller Science of Empathy Prize at Northwestern University's Kellogg School of Management, which biennially is awarded to a member of the Kellogg faculty who "has conducted novel research that advances analytical and rigorous critical thinking about human empathy, understanding and trust."{{cite web|title=The Kabiller Science of Empathy Prize|url=https://www.kellogg.northwestern.edu/alumni/news-and-impact/kabiller-prize.aspx|website=Kellogg School of Management at Northwestern University|access-date=March 25, 2021}} In 2023, Kabiller helped conceive the Longevity Transitions Salon series at Stanford University's Center on Longevity, which was funded by a gift from the Kabiller family.{{Cite web |title=Stanford Center on Longevity Launches Longevity Transitions Salon |url=https://longevity.stanford.edu/longevity-salon/ |access-date=2023-03-30 |website=Stanford Center on Longevity |language=en-US}} Kabiller also serves as a trustee for Riverdale Country School.{{cite web|title=Leadership and Administrative Team|url=https://www.riverdale.edu/about/whos-who-at-riverdale/|website=Riverdale Country School}}

References