The nonprofit INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION (IMCA) is the global professional association for investment consultants. Founded in 1985, IMCA is an organization whose mission is to promote education, ethics, and standards for the growing investment consulting profession, which provides consulting and advisory services to retirement funds, foundations, endowments, family offices, and wealthy individuals. IMCA bestows the Certified Investment Management Analyst (CIMA) certification on qualified investment consultants who complete a rigorous education program and agree to abide by IMCA standards. With over 5,000 members worldwide, IMCA hosts two national investment consultant conferences each year, along with seven regional conferences, and publishes the IMCA Journal of Investment Consulting and the IMCA Monitor. KENNETH S. PHILLIPS is the Managing Principal of New York based RCG Capital Partners, LLC. Mr. Phillips has more than twenty years' experience as an institutional investment consultant and now serves as the senior portfolio manager to several funds of hedge funds. He has been involved in the evaluation, development, and implementation of complex investment strategies for institutional and high-net-worth investors since 1984. Mr. Phillips is an active member of IMCA and has been a member of IMCA's Advisory Council, Chairman of its Communication Committee, and a member of its Editorial Board. RONALD J. SURZ is owner and President of PPCA Inc., a firm specializing in innovative performance evaluation technologies for financial consultants. Prior to forming PPCA, he was managing director of institutional business development at Roxbury Capital Management, a principal at the institutional investment consulting firm Becker, Burke, and an executive Vice President at AG Becker where he was responsible for investment policy and asset allocation. He is a member of a number of investment committees and boards including IMCA's Standards of Practice Board Chairman and their Editorial Board. He received his MBA in finance at the University of Chicago and his MS in applied mathematics at the University of Illinois.