Is There a Cost to Being Socially Responsible in Investing?

JOHN B. GUERARD, JR. is senior vice president and director of quantitative research at Vantage Global Advisors in New York, where he estimates equity selection models. He was previously a f m l t y member at the University of Virginia and Lehigh University, and in the quantitative investment research group at Drexel, Burnham, Lambert and Daiwa Security Tnst Company. Mr. Guerard holds an A . B . in economicsjom Duke University, an M.A. in economicsfrom the University of Virginia, and a Ph. D. injnatuefrom the University of Texas. ,

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