About
Amitabh Dugar, PhD, CPA, is a research analyst and former partner at Bridgeway Capital Management, LLC, based in Boston, MA. At Bridgeway, he has played a pivotal role in the firm’s international equity research team, focusing on developing and enhancing systematic investment strategies with a particular emphasis on emerging markets small-cap equities and the integration of intangible capital into global stock selection processes.
Dugar's expertise spans emerging and developed international equity markets, with a technical focus on the analysis, measurement, and application of intangible assets—such as intellectual property and organizational capital—to stock selection. His research at Bridgeway, including high-impact white papers like “Equity Investing in the Age of Intangibles,” has informed new frameworks for addressing the complexities posed by intangible capital intensity, especially in non-US sectors.
Before joining Bridgeway, Amitabh Dugar held roles in academia and the investment industry, bringing deep experience as an accounting scholar and investment practitioner. He holds a PhD and is a Certified Public Accountant (CPA), further underscoring his expertise in financial analysis, accounting theory, and practical portfolio construction, particularly as they pertain to the growing importance of intangibles in global equity markets.
Career History
| Organization | Role | Date Range | Details | 
|---|---|---|---|
| Bridgeway Capital Management | Partner | Feb 2018 to May 2024 | Led Bridgeway's thought leadership effort with publications in top investment management journals, including the Financial Analysts Journal, The Journal of Portfolio Management, and The Journal of Inv... | 
| Bentley University - McCallum Graduate School of Business | Senior Lecturer | Jan 2016 to Dec 2017 | Taught graduate and undergraduate courses in financial and managerial accounting. Co-authored three award-winning cases studies that provide forensic accounting insights into the $1.86 billion account... | 
| Quant Finance Solutions | Founder | Jan 2014 to Dec 2017 | Provided consulting services to Bridgeway Capital Management for design, backtesting & implementation of international equity strategies (2015 - 2017). Provided financial, economic and statistical con... | 
| EDHEC-Risk Institute | Consultant | Apr 2013 to Sep 2013 | Presented smart beta investment concepts to asset managers and asset owners to encourage adoption of smart beta strategies and published thought pieces on smart beta investing. | 
| BNP Paribas Investment Partners | Senior Portfolio Manager and Head of Research, Global Quantitative Equity | Jan 2010 to Jan 2013 | Reporting to the CIO, co-managed relocation of a EUR 2.6 billion investment operation from Norway to USA (including research/portfolio management infrastructure, trading and compliance) and assumed le... | 
| Franklin Portfolio Associates/Mellon Capital | Vice President and Portfolio Manager | Jan 2006 to Jan 2009 | Conducted research to enable successful launch of international equity products and managed US & international active equity portfolios, including assets in large, mid & small cap tax-exempt and tax-e... | 
| Geode Capital Management | Portfolio Manager | Jan 2003 to Jan 2006 | Managed index and enhanced index equity portfolios as a member of the Fidelity Spartan Index Fund team with lead responsibility for the Fidelity Spartan International Index Fund. Launched and managed ... | 
| PanAgora Asset Management | Investment Manager | Jan 2000 to Jan 2003 | Conducted research to enhance performance of multifactor stock selection models, co-managed active global equity and tactical asset allocation portfolios and published papers. | 
| Grantham Mayo van Otterloo | Quantitative Analyst | Jan 1997 to Jan 2000 | Executed research projects in the areas of risk management, risk forecasting, asset allocation, & tax-efficient equity and co-managed tax-efficient equity portfolios. | 
| Vestek Systems | Quantitative Analyst | Jan 1996 to Jan 1997 | Developed multifactor quantitative stock selection models using financial accounting insights. | 
Education
Northwestern University - Kellogg School of Management
MS, PhD, Accounting & Information Systems
Others at Bridgeway Capital Management, LLC (2)
| Name | Role | Location | 
|---|---|---|
| Partner | New York, NY , United States | |
| Partner | Missouri City, TX , United States |