, where he led the Eastern U.

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productivity addressing

(Logo: http://www.

IMCA is the principal professional association of the investment
consulting industry, ensuring quality service to the public by developing and
encouraging the highest of standards, broadening the public's understanding of
investment management consulting, and promoting professional education and
practice standards for investment consultants.

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undertaken entrepreneurship

Gates graduated from Hebron Academy, Hebron ,
Maine, and holds a bachelor's degree in civil engineering from Tufts
University, in Boston. W .

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Water/Wastewater Industry Veteran Joins R. W. Beck

Prior to joining R. Beck, Gates was with the Boston office of MWH, Inc. Previously, Gates was
Senior Vice President with Camp, Dresser + McKee of Cambridge, Mass.

Gain a Better Understanding of Risk Measurement Tools

Article authors Brian Jacobsen, Ph.

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IMCA awards the prestigious
Certified Investment Management Analyst (CIMA(R)) designation to qualified
consultants worldwide.

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Gates, P. He will use his expertise to help
expand R.rwbeck .

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of Broomfield, Colo., and Barry
Mendelson, CIMA, compare the mean-variance and time-state approaches to risk
measurement evaluation and argue why they think the time-state paradigm is the
more robust and meaningful method.

generate efficiency

Beck ( http://www.

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newscom., is board-certified by the American
Academy of Environmental Engineers, a registered professional engineer and a
licensed construction contractor .

Industrial engineering is the application of engineering methods and the principles of scientific management to the design, improvement, and installation of integrated systems of people, materials, information equipment and energy.

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BOSTON, Stephen R. Beck, Inc.

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, DEE, has joined
management consulting and engineering firm R.com ) is a
technically based management consulting and engineering firm providing
services to both public and private sectors in the areas of energy and
water/waste resources.

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DENVER, If you need to gain a better understanding
of risk measurement tools, an article in the just released issue of the
Journal of Investment Consulting, Volume 7, Number 2, Winter -Spring 2005, can
help. The Journal is published by the Investment Management Consultants
Association (IMCA(R)).

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Founded more than 60 years ago, R.

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com/cgi-bin/prnh/20030429/RWBECKLOGO )
In this position, Gates will draw on his 29 years of experience in
alternative methods for capital project completion and utility management
consulting to provide comprehensive program management , facilities planning,
management consulting, detailed design and construction management services
for water and waste management utilities.
Gates, who lives in Andover, Mass.

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E.
As "Understanding Risk Measurement Tools" points out, investment
consulting practitioners have access to many methods for assessing and
managing portfolio risk.D.

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Published twice a year, the Journal of Investment Consulting is the
scholarly publication of IMCA.

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Program Management
Practice , which included significant engineering and consulting work for the
New York City Department of Environmental Protection.

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Beck's National Water and Waste Resources Practice, helping
utility clients achieve their efficiency goals. Editor-in-Chief Edward Baker, CEO of Alliance
Capital Limited, and an editorial board of prominent investment consultants
and scholars solicit and publish original articles and research on investment
management, capital markets, fiduciary practice, and ethics.