Our Team


Hal W. Reynolds, CFA
Vice Chairman
About Hal
Hal Reynolds is Vice Chairman and Senior Portfolio Manager at Los Angeles Capital. He is also a member of the Board of Directors and the Investment, Management, and Portfolio Review Committees of the Firm. Hal served as Chief Investment Officer for Los Angeles Capital and LACM Global, as well as Chair of the Firm’s Investment Committee from 2002 until June 2025.
Since co-founding Los Angeles Capital in 2002, Hal has worked closely with the Research team to develop Investor Preference Theory®, Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and the Forward Attribution® process for developing forwarding looking expected factor returns. Hal offers guidance on key projects to enhance the stock selection, portfolio construction, and trading processes, works closely with clients, and provides leadership on strategic initiatives for the Firm, including in the areas of research and product development. As a member of the Portfolio Review Committee, Hal also works with senior members of the Portfolio Management team to establish key parameters for portfolio construction and rebalancing, as well as to develop procedures for monitoring and controlling portfolio risk.
Prior to Los Angeles Capital, Hal was a managing director and principal at Wilshire Associates. Hal joined the consulting division of Wilshire Associates in 1989 where he served as a senior consultant to large ERISA plans. He also designed Wilshire Compass, Wilshire’s asset allocation and manager optimization technology for plan sponsors. In 1996, Hal began consulting for Wilshire Asset Management where he helped develop the Dynamic Alpha Model, which developed into Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and other quantitative long/short applications for Wilshire Asset Management. In 1998, he joined Wilshire Asset Management as Chief Investment Officer.
Prior to joining Wilshire, Hal was a vice president at Mellon Bank where he was responsible for the design and management of Mellon’s portfolio analysis product for plan sponsors.
Experience and Credentials
BA University of Virginia, 1980
MBA University of Pittsburgh, 1982
- 2002 - Present
- Los Angeles Capital
- 1998 - 2002
- Wilshire Asset Management
- 1989 - 1998
- Wilshire Associates
- 1982 - 1989
- Mellon Bank