We’d like to welcome three new members to the Bridgeway team – Justin Goldstein, CAIA, Ravneet Dhillon, CFA, and David Vandergriff.  

As the Director of Advisor Relations for intermediary clients, Justin is entrusted with driving trusted relationships between Bridgeway and registered investment advisors, private banks, trust banks, TAMPs, and family offices nationwide. He previously worked at Johnson Asset Management, Oppenheimer Funds, Legg Mason, and New York Life Insurance Company. He graduated from The State University of New York College at Oneonta and is involved with The Ronald McDonald House of New York.

 Ravneet oversees performance measurement and risk reporting in his role as Investment Performance and Risk Analyst. His previous work experience includes serving in investment management for Mackenzie Investments, where he worked in quantitative research and led a team focused on performance measurement and investment analytics. He has a Master’s degree in Financial Innovation and Technology from Queen’s University and volunteers with local temples in his spare time.

 David joins Bridgeway as the Director of Institutional Sales and Client Relations, where he will be focused on our endowment, foundation, OCIO, family office, and alternative consultant relationships. He brings a wealth of experience in investor and consultant relations, marketing, and sales from roles at Christian Brothers Investment Services, Oakbrook Investments, Allegiant Asset Management Company, Banc One Investment Advisors, and Inland Real Estate. He holds a B.A. in English from Wabash College.

Bridgeway’s Head of Client Experience, Geoff Crumrine, commented “We are excited to have these new Partners join us in helping to raise awareness for Bridgeway’s investment strategies and elevate the way we service our clients.”

Bridgeway Capital Management is announcing that Tammira Philippe is stepping down as President and CEO on February 28, 2023. Tammira will continue at Bridgeway in a consultative capacity as she works to complete some key initiatives and the leadership transition before her departure. Bridgeway founder and Co-CIO John Montgomery will assume the role of President and CEO.

We’ve made incredible strides in our goal to build an enduring firm, and it’s time for me to explore new challenges outside Bridgeway,” says Philippe. “I’m confident in the team and special culture we’ve created together.”

John Montgomery serving as President and CEO provides a leader with the passion and experience to guide Bridgeway to its next level of growth and mission success. As founder and original CEO, John is responsible for establishing our rigorous, evidence-based investment philosophy and our commitment to donating 50% of our profits to organizations that foster transformative change around the world.

I’m grateful for the work Tammira has done to establish a strategic direction that will allow us to have an even greater impact on the lives of our clients, colleagues, and community,” says John Montgomery. “I’ve been committed to Bridgeway’s mission since I founded the company in 1993, and I’m excited to lead us into the next significant steps of our future.”

Bridgeway’s investment philosophy and process will remain the same. John Montgomery, Elena Khoziaeva, and Jacob Pozharny, Ph.D., will remain Co-Chief Investment Officers, and Bridgeway’s strategies will continue to be managed by the same portfolio managers in a team approach.

HOUSTON — September 30, 2022 — Bridgeway Capital Management (Bridgeway), a leader in relational investing, announced today that Elena Khoziaeva, CFA (Portfolio Manager and Head of US Equity) and Jacob Pozharny, PhD (Portfolio Manager and Head of International Equity) have been named Co-Chief Investment Officers (Co-CIO) alongside current CIO and Bridgeway founder John Montgomery.

Creating the Co-CIO role is an important milestone in Bridgeway’s goal to build an enduring firm and is part of our long-term succession planning. As Co-CIOs, all three will share responsibility for guiding the investment management team at Bridgeway, including investment research, portfolio management, risk management, client relationship support, and professional development to ensure the best use of the investment management team’s resources. All three will retain their portfolio manager roles.

I’m thrilled to be partnering with Elena and Jacob as Co-CIOs and reminded daily of the honor and joy of working with such talented individuals,” said John Montgomery. “We work hard at Bridgeway to combine the strengths of cognitive and identity diversity, collaboration, and alignment. On one hand, their elevation represents a small change—we’ve had shared leadership and accountability for more than a decade on the investment team and in our portfolios. On the other hand, this recognizes the growth of these two outstanding professionals and sets us up for an extraordinary future of bringing our clients, colleagues, and community the best we have to offer.

Elevating Khoziaeva and Pozharny to Co-CIOs reflects Bridgeway’s commitment to investment team development, succession planning, and the recognition of their leadership and strong contributions to Bridgeway. In her 21 years with Bridgeway, Khoziaeva has risen to Head of US Equity through her skills in portfolio management, investment research, project management, and team leadership. Since joining Bridgeway in 2018, Pozharny has guided the firm’s development of international and global quantitative equity and alternative strategies. He has over 28 years of experience leading investment teams, managing equity portfolios, and research leadership at QMA, a Prudential Global Investment Management (PGIM) company, and TIAA-CREF (now TIAA).

All three Co-CIOs will report to Bridgeway President and CEO Tammira Philippe. “This is an important step in Bridgeway’s mission to build an enduring firm focused on clients, colleagues, and community,” said Tammira Philippe. “Jacob, Elena, and John have all demonstrated leadership and commitment to Bridgeway’s relational investing principles. Shared responsibility for investment excellence is exactly what we designed to happen in a firm that fosters diversity and the development of each individual’s unique talents. We are excited about what’s ahead for our investors and the world with the guidance of these leaders.”

About Bridgeway Capital Management

Bridgeway Capital Management is a Houston-based investment management firm founded in 1993. We believe our strong and principled organizational culture, coupled with our disciplined investment process, allows us to deliver innovative investment solutions to institutions, advisors, and individuals. Bridgeway is a leader in relational investing, which unites results for investors with returns for humanity. Our approach to investing is statistical and evidence-based, motivated by a passion for servant leadership and global impact, which we accomplish by donating 50% of our firm’s earnings to organizations making a positive impact. Based on the evidence, we firmly believe that diverse and inclusive teams and organizations make better decisions and achieve better outcomes.

The opinions expressed here are exclusively those of Bridgeway Capital Management (“Bridgeway”). Information provided herein is educational in nature and for informational purposes only and should not be considered investment, legal, or tax advice.

Bridgeway Broadens Capabilities

September 05, 2018

HOUSTON–(BUSINESS WIRE)–Bridgeway Capital Management (Bridgeway), an independent, statistically driven investment manager, today announced the broadening of its investment capabilities to comprise international equity strategies. Concurrently, the firm said it hired Jacob Pozharny, Ph.D., formerly head of international equity research and portfolio management at QMA, a Prudential Global Investment Management (PGIM) company, to helm Bridgeway’s new international investing competency. In this role, Pozharny will work with the Bridgeway team to drive the development and growth of international and global quantitative equity and alternative strategies and contribute to US strategies. He will also support client relationship efforts, while enhancing Bridgeway’s presence as a thought leader.

Jacob Pozharny

Bridgeway currently manages multiple US, long-only equity strategies with approximately $10 billion deployed across institutional separate accounts, sub-advisory relationships, and mutual funds.

“Having an investor of Jacob’s significance join our strong team is a testament to the advantages of our unique company culture and 25-year commitment to statistically driven, evidence-based investing. This is a major step forward in our mission to build an enduring firm with an extraordinary commitment to our clients, colleagues, and community,” said Tammira Philippe, Bridgeway’s President and CEO. “Bridgeway has been distinctive with growth in assets of 30% annualized over the last five years, and we’ve had multiple expressions of interest for the application of our disciplined investment approach to equities outside the United States. We’re delighted to have Jacob lead our international effort and look forward to building more value for clients together.”

Immediately before joining Bridgeway, Pozharny spent nine years at QMA as head of international equity research and portfolio management. There, he oversaw a $15 billion quantitative equity investment platform spanning global, developed, emerging and small-cap separate accounts and commingled equity strategies. He defined the vision and executed the strategy for the build-out of a quantitative stock selection and portfolio construction platform delivering visualization of portfolio content and effective risk budgeting. As of 2017, as lead portfolio manager, his five and seven year track record for his team’s suite of long-only products was exceptional. His team consistently outperformed global, EAFE, EM, EAFE small-cap and EM small-cap benchmarks.

Previously, Pozharny served as head of international quantitative equity at TIAA-CREF (now TIAA), where he led a $10 billion-plus equity platform and functioned as lead portfolio manager for international equity strategies.

Pozharny started his career at the Federal Reserve Bank of San Francisco in 1993, consulted at BCA Research in Montreal, and was an institutional equity portfolio manager at Nicholas-Applegate Capital Management before joining TIAA in 2001.

Pozharny received his Ph.D. in Applied Statistics from the University of California, Riverside; an MS in Statistics from the University of California, Riverside; an MS in Finance from the University of California, Santa Cruz; and a BA in Economics, also from the University of California, Santa Cruz.

Noted John Montgomery, Bridgeway’s Founder and CIO, “This is as exciting a time at Bridgeway as I can recall in the last 25 years. Without a doubt, Jacob is committed to our top value of integrity and putting our clients’ interests first. We look for distinctive individuals to join our team who share our passion for logic, data, and evidence, and want to build a different kind of investment firm. Jacob stands out in every dimension that we seek. Our entire team is steadfast in our focus on our current clients and US strategies and excited to collaborate with Jacob to broaden our capabilities to international equity and alternatives.”

Said Pozharny, “I’m thrilled to join Bridgeway, a mission-driven firm that shares my values and has pioneered quantitative investing for more than a quarter of a century. I see a tremendous opportunity to leverage my experience as part of a dynamic team to build on Bridgeway’s existing institutional-grade, evidence-driven US equity platform and continue to deliver exceptional investment outcomes in emerging, international, and global equity strategies for the most sophisticated clients.”

About Bridgeway Capital Management

Bridgeway Capital Management offers expertly designed investment strategies, sub-advisory services, and mutual funds to select institutions and advisers. Bridgeway believes that a disciplined statistical process – grounded in academic theory and fundamental data – drives success in long-term investing. Putting investors’ interests first is a hallmark of the firm’s unique culture and core business values of integrity, performance, efficiency, and service. Committed to community impact, Bridgeway donates 50% of its profits to non-profit and charitable organizations. More information on Bridgeway is available at bridgeway.com.


Bridgeway Capital Management
Tony Ledergerber, (832) 204-8218