Bridgeway Capital Management Names Kai Liu Investment Team Member

Houston, TX, August 31, 2011 -- Bridgeway Capital Management Inc. today announced that Kai Liu has joined the firm as an investment team member. Mr. Liu, most recently with Chicago Equity Partners, LLC, will be responsible for conducting statistical research to develop future investment models.

"Kai has both the skill set and the experience that are critically important to our statistically driven, evidence-based investment approach," said John Montgomery, founder and CIO of Bridgeway. "We are thrilled to welcome him to the investment team and look forward to his contributions as we continue to provide innovatively designed and competitively priced investment strategies to investors."

Prior to joining Bridgeway, Mr. Liu served as Director, Quantitative Research at Chicago Equity Partners, LLC. In this role, he was responsible for the development and back testing of portfolio construction strategies for all equity products including long-only, 130/30 and market neutral. In his prior role with Citadel Investment Group, LLC, Mr. Liu served as Associate, Credit Front Office, where he was responsible for designing and implementing a security valuation library for credit derivatives as well as performing model back testing and calibration for quantitative research. Mr. Liu started his career as a programmer analyst with Reuters Group PLC in Oakbrook, Illinois.

Mr. Liu holds an M.S. in financial mathematics from the University of Chicago, an M.S. in Computer Science from the Illinois Institute of Technology, and a B.S. in Computer Science from the University of Texas at Austin.

About Bridgeway Capital Management, Inc.
Bridgeway Capital Management, Inc. is a Houston-based investment management firm founded in July 1993. The firm offers no-load mutual funds, separately managed accounts, and sub-advisory services. Bridgeway offers competitively priced, expertly designed investment building blocks to selected institutions and advisors. Statistically driven and grounded in academic theory, Bridgeway’s disciplined investment process reflects its passion for logic, data and evidence. Putting investors’ interests first at all times is a hallmark of the firm’s unique culture and core business values of integrity, performance, cost efficiency, and service. Committed to community impact, Bridgeway donates 50% of its investment advisory fee profits to non-profit organizations.