Since 1981, Dimensional Fund Advisors of Santa Monica, Calif., has based its investment style on academic research. Earlier this year, the firm decided to try to replicate the success it has had in the U.S. in Europe. Dimensional hired David Salisbury, former chief executive of Schroders, in March to serve as chief executive of DFA Ltd., its London office. In April, Philip Nash joined DFA as marketing director from Barclays Global Investors.
Mutual Fund Market News' Andrew Brent recently discussed DFA's new European initiative with both Salisbury and Nash. An edited version of their conversation follows.