Market Overview

Bridgeway Capital Management Broadens Capabilities with Addition of Veteran Investor Jacob Pozharny, Ph.D., to Head International Investing


Pushes Beyond US Long-Only Mandate

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

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

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

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