Ivan “Butch” Cliff, CFA, is an executive vice president and director of research, responsible for the Global Manager Research and Capital Markets Research groups. Butch is the chair of Callan’s Alternatives Review Committee, and a member of the Management, Client Policy Review, Institute Advisory, and Editorial committees. He is also a portfolio manager and member of the investment committee that oversees all of Callan’s discretionary multi-manager solutions. He is a shareholder of the firm. Butch joined the programming group of Callan in 1989 and was instrumental in developing sophisticated performance analytics, as well as solutions to data processing and management problems. In 1993, h