AB magna cum laude, Harvard University, 1954. Master of Arts in Economics, Harvard University, 1961. Doctor of Philosophy, Harvard University, 1961.
Instructor economics University of Wisconsin -Madison, 1959-1961, assistant professor, 1961-1962. Economist Institute Naval Studies, Cambridge, Massachusetts, 1962-1963. Assistant professor finance Massachusetts Institute of Technology, 1963-1966, associate professor, 1966-1968.
Associate professor finance Columbia University, 1968.
Director Institution Investor Study, Securities and Exchange Commission, Washington, 1969-1971. Senior fellow University of Pennsylvania Law School, Philadelphia, 1971.
Senior research associate National Bureau Economics Research, Cambridge, 1972. Professor finance University of California at Los Angeles, 1973-1976, U. Utah, Salt Lake City, 1976-1981.
Executive vice president Benham Management Corporation, Mount View, California, 1981-1993.
Capital markets consultant Price Waterhouse, 1992;board directors Benham Management Corporation. Consultant in field, 1966. Lieutenant United States Army,1955-1956.
International Business Machines Corporation fellow, 1957-1958.
Ford Foundation fellow, 1967.
(Additional Authors Geoffrey P. E. Clarkson, Richard S. Ha...)
Member Western Finance Association (director 1978-1981, president 1980), Investment Company Institute (research committee 1981-1992, chairman 1983-1989), Harvard Club San Francisco (board directors 1984-1993, president 1990-1992), Harvard Graduate Society Council (chairman 1992-1994), University Club (San Francisco 1992-1993).
Married Joan Fowler Drew, July 29, 1974. Children: Donald E., John M., Peter H., Cordelia G.;stepchildren: Terri J., Walter M., Jason J.W.