Rex Sinquefield, often referred to as one of the world’s leading financial gurus, now spends his most of his time and resources dedicated to civic and philanthropic causes.
Raised in Saint Vincent Orphanage in Saint Louis, Sinquefield earned a business degree from Saint Louis University and a Master in Business Administration from the University of Chicago, studying under Eugene Fama, the father of efficient markets. He went on to develop some of the nation’s first index funds, which trust, rather than “outsmart” the market. Along with associate David Booth, Sinquefield formed Dimensional Fund Advisors in 1981, which today oversees more than $350 billion in global assets.
After retiring in 2005, Sinquefield returned to his much-loved and dearly missed State of Missouri, with the hopes of using his experience and success to invest in more philanthropic ventures.
He co-founded and serves as president of the not-for-profit organization the Show-Me Institute (SMI), the state’s only free-market think tank. SMI engages in scholarly research and promotes sensible market solutions for state and local policies, such as eminent domain, education, corporate welfare and healthcare and promotes sensible market solutions for state and local policies.
Let Voters Decide
He is a key supporter of Let Voters Decide, a nonpartisan coalition working for economic growth and the protection of voters’ rights at the ballot box. The Let Voters Decide coalition supports the Missouri Taxpayer Relief Act, a measure that would eliminate the individual income tax and replace it with a much more benign, pro-growth tax structure.
In addition to these civic efforts, Sinquefield and his wife, Dr. Jeanne Sinquefield, dedicate much of their time to improving educational opportunities for every Missouri child, regardless of social and economic background. Sinquefield’s commitment to education recently was brought together with another longtime passion, the game of chess. In 2007, along with Jeanne, Rex founded the Chess Club and Scholastic Center of Saint Louis, a venue where newcomers can learn the game and gurus can compete in local and national tournaments. Recognizing the cognitive and behavioral benefits of the game for students, one of the key missions of the Center is to promote and grow scholastic chess programs in area schools, especially the Saint Louis Public School System. In September 2011, the Sinquefields opened the World Chess Hall of Fame directly across the street from the Chess Club. The historic 15,000-square-foot building features displays of artifacts from the permanent collection, as well as temporary exhibitions highlighting the great players, historic games and rich cultural history of chess. The couple also lent key support to the Boy Scouts of America in their introduction of a Merit Badge in Chess. In January 2012, Rex Sinquefield was inducted into the Missouri Sports Hall of Fame.
Rex and Jeanne Sinquefield also generously support the dual MA(Ed)/MBA (Master of Arts in Education Administration and Master of Business Administration) program at Saint Louis University. This dual masters program allows future school leaders to gain the business savvy and economic acumen that today’s educational landscape requires.
Sinquefield is a life trustee of DePaul University and serves on the following boards:
He also is the recipient of numerous awards for scholarship and service, including an honorary Doctor of Humane Letters from DePaul University in Chicago. In April 2012, Sinquefield received the John D. Levy Human Relations Award from the American Jewish Committee.