‘Mac’ McQuown, Banker Behind First Index Fund, Dies at 90
- Innovation that made a star of Jack Bogle began with McQuown
- ‘Anarchist’ at Wells Fargo led team of academic heavyweights
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John McQuown, who started a $12 trillion financial revolution with the creation of the first index fund, has died. He was 90.
He died on Tuesday, according to Dimensional Fund Advisors, a pioneering quant-investing firm where he was a founding director. No further details were available. David Booth, founder of the Austin-based firm, called McQuown a “true giant in the field of finance.”