History

  

 
Three graduates of the Stanford Graduate School of Business founded what was later to become Bailard, Biehl & Kaiser, Inc. It all began when Tom Bailard, Larry Biehl, and Ron Kaiser started teaching a course in personal money management. Encouraged by their students, they formed one of the first fee-only financial planning practices in the country.
We incorporated and began managing money for clients. Portfolios reached beyond stocks and bonds to include real estate.
Bailard's founders published the first of six editions of their widely distributed college textbook, Personal Money Management.
We published our first newsletter commenting on economic and market events and issues.
We began serving corporate pension and profit-sharing clients.
We developed multiple-scenario planning, which forms the basis for our formal asset allocation process.

Long before they become industry buzzwords, we were practicing diversification and asset allocation.
Our international equity fund, one of the country's first, created a global investment opportunity for our clients.
We offered our Asset Allocation Consulting Service, which advised institutional clients, including CALPERS, Pacific Telesis, Hughes, and Ralston-Purina.
We launched our first private equity real estate fund to address many of the issues that investors encountered in the mid-1980s — illiquidity and lack of investment control and diversification.

We launched our international fixed-income fund, which gave clients greater diversification and access to more favorable interest-rate opportunities overseas.

We developed our quantitative research capabilities to augment our existing investment and portfolio management processes.
We implemented a "best-practices" approach to investment management that emphasizes risk management and institutional-quality processes.
We unbundled our Strategic Growth program to allow investors access to single-asset strategies.
In March we launched our technology exchange fund, which allowed investors to diversify concentrated holdings of technology stocks.

In December we re-engineered our international bond fund into a global bond fund to give our clients access to a broader array of fixed-income investments.
To augment and diversify our core U.S. equities strategy, we launched two targeted equity strategies: a large-growth strategy and a behavioral finance based, small-value strategy.
We created MY-FLEX®, a product similar to Strategic Growth but with a lower investment threshold, opening our global asset allocation portfolios to investors with less than $2 million in investable assets. We launched our first long/short equity fund, which took advantage of the dispersion in performance among sectors of the U.S. equity markets.
We created our first multiple strategy long/short hedge fund, which allows us to diversify holdings among multiple alpha-generating strategies.
Encouraged by the success of our first offering, we launched our second private equity real estate fund. We changed our name to Bailard and launched our new brand identity and Web site.  
June 30th marked the launch of a new specialty equity strategy focused on delivering a venture-like experience through investments in emerging life sciences companies with little or no analyst coverage.