CBSMarketwatch ETF inventor Nate Most dies at 90 Dec 7 2004

CBSMarketwatch ETF inventor Nate Most dies at 90 Dec 7 2004...

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Page 1 of 2 ETF inventor Nate Most dies at 90 CBS MarketWatch NewsTeam | MarketWatch [ MarketWatch ] | POSTED: 12.07.04 @18:01 BOSTON (CBS.MW) -- Nathan "Nate" Most, who invented the first U.S. exchange-traded fund and spawned a growing $190 billion industry, died Friday at the age of 90. In his most recent position Most served as a board member on the iShares Trust at ETF player Barclays Global Investors. "Financial services has lost a real innovator and a true gentleman," said Tom Taggart, a managing director at BGI who worked with Most for several years. "Besides serving as the first chairman of the iShares board, he was a positive influence on so many people. He will be missed." Before embarking on a long and fruitful career in finance, Most worked as a physicist and engineer specializing in acoustics for the U.S. Navy during World War II. Most credited this early background, along with later stints trading and managing international commodities at the Pacific Commodities Exchange, as key experiences that helped lead to his
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CBSMarketwatch ETF inventor Nate Most dies at 90 Dec 7 2004...

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