Alex Gurvich Moves to PFM as Director of Research

Alex Gurvich, an investment strategist and portfolio manager with 25 years’ experience, has moved to PFM to assume the new position of Director of Research. In that role, Gurvich will oversee PFM’s team of analysts who research the global markets and economies, as well as public and private markets and asset classes.

“Alex is a perfect fit for us due to his diverse background, his quantitative skills and his passions for investing and mentoring,” said PFM Managing Director John Spagnola, a senior member of PFM’s asset management business. “Alex has a unique background for this position. Aside from his quantitative expertise, he is fluent in French and Russian, has worked overseas and is a PhD candidate. So his skill set will be very complementary to our existing structure.”

Gurvich comes to PFM from the Commonfund, an asset management firm for nonprofits, endowments and foundations. He served there as an investment portfolio researcher, modeling and analyzing factor exposures for equity managers and funds. He has also worked for Bain and Company in Moscow, London and Stockholm and for GE Capital in the venture capital area. He also ran his own long/short hedge fund for 10 years.

"I am delighted to join the high-quality, growing Outsourced Chief Investment Officer (OCIO) team at PFM Asset Management,” Gurvich said.  “The team has built a successful business helping institutional clients, such as endowments and foundations, to provide sophisticated investment solutions and manage their multi-asset portfolios. I was attracted to PFM because of its quality people, entrepreneurial spirit and dedication to its clients. As the Director of Investment Research, managing Investment Research, Asset Allocation and Manager Selection teams, I look forward to serving clients, contributing to investment research, and helping grow the business."


Gurvich earned a BA in Physics at the University of Chicago, an MBA in Finance and Business Strategy at INSEAD at Fontainebleau in France, an MS in Financial Engineering from New York University Polytechnic Institute and is a PhD candidate in Financial Engineering at Stevens Institute of Technology. He has written academic papers and developed strategy in Environmental and Social Governance (ESG), a set of standards socially conscious investors use to screen potential investments.

“ESG is an area that we are exploring within our OCIO business and our fixed income management,” Spagnola said. “Alex’s experience in ESG was another factor that greatly appealed to us.”

The research generated by Gurvich and his team bubbles up into PFM’s Multi-Asset Class Investment Committee, comprising senior managers in the asset management business. The information facilitates robust discussions about economic and global market events, individual managers’ performance and changes in ownership. It allows the committee to make informed decisions regarding allocations or fund managers within PFM clients’ portfolios.

PFM’s asset management business has experienced tremendous growth in recent years. It has $86.8 billion in assets under management. PFM also currently provides non-discretionary investment advisory services for $38.9 billion in assets.

“We’ve been fortunate,” Spagnola said. “As we grow and add new clients, we are in an enviable position to be able to add resources, and we hope to continue that trend. As we build out our clients’ portfolios and add ideas within the traditional and alternative space, we’re going to continue adding people like Alex who can help us make informed decisions.”

About PFM

At PFM, more than 650 employees ˗˗ asset managers, financial advisors and consultants ˗˗ partner with clients in every region of the country to transform their world. We combine superior financial advice, disciplined management and ingenuity to build, power, move and educate.

PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation.

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