Stratified Weight methodology and fund-to-ETF conversion
type: Thing

The Evolution of Gene-Edited Crops
contributor: Rory Riggs
date published: 2023-07-07T00:00:00+00:00
type: PodcastEpisode

Stratified weighting and functional classification in index construction
type: Thing

Syntax: Riggs on Stratified Weighting
contributor: Rory Riggs
date published: 2019-06-03T00:00:00+00:00
type: PodcastEpisode

RIA Channel
type: PodcastSeries

ETF TV News
type: PodcastSeries

Gene editing and the future of agricultural biotechnology
type: Thing

ETF TV News #66 — Converting Funds to ETFs
contributor: Rory Riggs
date published: 2020-03-23T00:00:00+00:00
type: PodcastEpisode

Bloomberg Businessweek
type: PodcastSeries

Cibus Appoints Co-Founder Rory Riggs as Chief Executive Officer
about: Rory Riggs
abstract: Announcement of Rory Riggs's appointment as CEO of Cibus, naming him a pioneer in Systems Economics.
additional type: news article
author: Rory Riggs
date published: 2021-10-07T00:00:00+00:00
description: Announcement of Rory Riggs's appointment as CEO of Cibus, naming him a pioneer in Systems Economics.
is part of: Rory Riggs
publisher: BusinessWire
type: Article
type: NewsArticle

Cibus Closes Calyxt Deal
about: Rory Riggs
abstract: Coverage of the Cibus/Calyxt merger closing, including a Riggs quote on the combined company's patent portfolio.
additional type: news article
author: Rory Riggs
date published: 2023-06-12T00:00:00+00:00
description: Coverage of the Cibus/Calyxt merger closing, including a Riggs quote on the combined company's patent portfolio.
is part of: Rory Riggs
publisher: San Diego Business Journal
type: Article
type: NewsArticle

Cibus Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024
about: Rory Riggs
abstract: Cibus named #2 Most Innovative Company in agriculture for 2024, with a quote from Riggs.
additional type: news article
author: Rory Riggs
date published: 2024-03-19T00:00:00+00:00
description: Cibus named #2 Most Innovative Company in agriculture for 2024, with a quote from Riggs.
is part of: Rory Riggs
publisher: GlobeNewswire
type: Article
type: NewsArticle

Cibus Names Agricultural Biotechnology Leader Craig Wichner as Chief Executive Officer
about: Rory Riggs
abstract: Announcement of Riggs's transition from CEO to Chairman of the Board at Cibus as Craig Wichner becomes CEO.
additional type: news article
author: Rory Riggs
date published: 2026-06-08T00:00:00+00:00
description: Announcement of Riggs's transition from CEO to Chairman of the Board at Cibus as Craig Wichner becomes CEO.
is part of: Rory Riggs
publisher: GlobeNewswire
type: Article
type: NewsArticle

Cibus Opens Gene Editing Facility for Trait Production
about: Rory Riggs
abstract: Coverage of the Cibus Oberlin facility opening, including Riggs's quote on applying pharmaceutical quality standards to plant biology.
additional type: news article
author: Rory Riggs
date published: 2023-08-02T00:00:00+00:00
description: Coverage of the Cibus Oberlin facility opening, including Riggs's quote on applying pharmaceutical quality standards to plant biology.
is part of: Rory Riggs
publisher: San Diego Business Journal
type: Article
type: NewsArticle

Gene Editing to Lead a New Agricultural Revolution
abstract: Authored article by Rory Riggs on precision gene editing and its application to agricultural trait development.
author: Rory Riggs
date published: 2021-11-29T00:00:00+00:00
description: Authored article by Rory Riggs on precision gene editing and its application to agricultural trait development.
is part of: Rory Riggs
publisher: org-future-farming
type: Article

Margaret Crotty and Rory Riggs Health Care Leadership Award, 2024
about: Rory Riggs
date published: 2024
description: UHF is proud to present the 2024 Health Care Leadership Award to Margaret Crotty and Rory Riggs, for their important work at the intersection of health care, public health, and biotechnology
publisher: United Hospital Fund
type: NewsArticle

Proposed Merger Shows That When it Comes to Gene Editing, You Ain’t Seen Nothing Yet
author: Rory Riggs
date published: 2023-03-09T00:00:00+00:00
is part of: Rory Riggs
publisher: org-seedworld
type: Article

Regarding Cloe
about: Rory Riggs
date published: 2018-01-31T00:00:00+00:00
description: In her junior year at Middlebury, she founded TEDxMiddlebury, a local chapter of the TED Conference. A full year of planning went into the event, from designing the website to timing out the cookie breaks. The first event featured 16 speakers, most of them Middlebury alums. During the after-party, Cloe received a phone call. It was Rory Riggs ’75, the founder of an analytics company and a longtime TED Conference attendee.'He was calling from a mountain,' Cloe told me. 'I think it was Kilimanjaro.' Riggs was actually hiking in Jordan and had been tuning into a livestream of the event. On the phone call he offered to cover all of Cloe’s expenses to attend the 2011 TEDActive in Palm Springs. It was an act of extreme generosity that changed her life.
publisher: Middlebury Magazine
type: NewsArticle

Royalty Pharma Co-Founder Writes Open Letter to Board of Elan Ahead of EGM
about: Rory Riggs
abstract: Coverage of an open letter authored by Riggs as Royalty Pharma Chairman to the Elan board.
additional type: news article
author: Rory Riggs
date published: 2013-06-17T00:00:00+00:00
description: Coverage of an open letter authored by Riggs as Royalty Pharma Chairman to the Elan board.
is part of: Rory Riggs
publisher: Irish Times
type: Article
type: NewsArticle

Syntax LLC Announces Launch of Stratified LargeCap ESG Index
about: Rory Riggs
abstract: Launch announcement with a direct quote from Riggs on ESG analytics.
additional type: news article
author: Rory Riggs
date published: 2020-08-01T00:00:00+00:00
description: Launch announcement with a direct quote from Riggs on ESG analytics.
is part of: Rory Riggs
publisher: BusinessWire
type: Article
type: NewsArticle

Commentary: Systems Economics — A New Prescription for Risk Management
abstract: Op-ed authored by Rory Riggs articulating the case for functional, systems-based classification of economic data as an alternative to conventional sector-based risk models.
author: Rory Riggs
date published: 2019-07-15T00:00:00+00:00
description: Op-ed authored by Rory Riggs articulating the case for functional, systems-based classification of economic data as an alternative to conventional sector-based risk models.
is part of: Rory Riggs
name: Systems Economics: A New Prescription for Risk Management
publisher: org-pensions-investments
type: Article

Systems Economics
alternative headline: The Parts and Processes of Economic Systems
author: Rory Riggs
book edition: 3rd edition
date published: 2019
description: The formal textbook specification of the Locus Model — the field designation for the study of economies as living systems built from repeating, ordered functional activities and the resources that staff them. Defines Systems Economics, the Theory of Economic Systems, Economic Physiology, Economic Morphology, the Activity Cycle, the Locus Language, and the Barcode architecture (Enterprise Barcode, Labor Barcode, Summary Barcode).
language: en
is part of: Rory Riggs
number of pages: 294
publisher: org-locus-analytics
type: Book

Virtual Economics
alternative headline: A Portrait of an Economic System
author: Rory Riggs
date published: 2026
description: Forthcoming trade-facing statement of the Locus Model for a general readership, restating the same functional-coordinate framework as Systems Economics in accessible language. Introduces the terms Functional Address, Natural Functional Order, Bounded Order / Unbounded Fill, Functional Twins, Economic Twin, the Functional Triad, and Economic Cartography. Unpublished as of 2026.
language: en
is part of: Rory Riggs
publisher: org-locus-analytics
type: Book

BA
credential category: degree
recognized by: Middlebury College
type: EducationalOccupationalCredential

MBA
credential category: degree
recognized by: Columbia University
type: EducationalOccupationalCredential

Activity Cycle
description: The complete ordered sequence of actions a system performs to produce a product, dividing into four phases, twelve divisions, and thirty-six sub-divisions; the master construct of the Locus Model.
in defined term set: Glossary
term code: coined, 2013
type: DefinedTerm

Bounded Order / Unbounded Fill
description: The paired principle that the functional order is fixed while the actors, technologies, and outputs occupying it vary without limit.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Economic Cartography
description: The practice of charting an economic system by its functional coordinates so the whole can be seen, compared, and managed.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Economic Morphology
description: The resource dimension of the model: the parts an economic system is built from, treated as the anatomy of a living economic organism.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Economic Physiology
description: The activity dimension of the model: the processes an economic system performs, treated as the physiology of a living economic organism.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Economic Twin
description: The functional counterpart to the spatial twin supplied by GIS and the temporal twin supplied by the calendar.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Enterprise Barcode
description: The twenty-locus barcode capturing a company's product line and every Economic System connected to it — the model's principal commercial artifact.
in defined term set: Glossary
term code: coined, 2013
type: DefinedTerm

FIS Coordinates
description: The applied coordinate values assigned to each business, job, and product, identifying its functional role, position, and attributes in the economy.
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Functional Address
description: The three-part identifier of any economic part: what the job does, what it produces, and where it sits in the functional order of work. Introduced in the forthcoming book Virtual Economics.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Functional classification systems
description: Inventor of the coordinate-based Locus Model and Functional Information System for classifying economic activity by function rather than conventional industry category.
term code: thought leader
type: DefinedTerm

Functional Coordinates
description: The coordinate system that locates any economic activity or resource by what it does and where it falls in the order of work, parallel to latitude/longitude in space and date/hour in time. Patent-backed (US 9,910,910; US 10,019,509).
in defined term set: Glossary
term code: coined, 2013
type: DefinedTerm

Functional Information System (FIS)
description: The system that augments economic and financial data with standardized functional references, making business, employment, product, and service data unified, searchable, and stable across time and geography. Patent-backed (US 8,990,268; US 9,098,564; US 9,361,358).
in defined term set: Glossary
term code: coined, 2014
type: DefinedTerm

Functional Location
description: The position an economic element occupies in functional space, determined by what it does rather than where or when it operates. Patent-backed (US 11,657,026; US 12,242,431).
in defined term set: Glossary
term code: coined, 2014
type: DefinedTerm

Functional Proximity
description: The measured distance between two functional locations, enabling comparison across otherwise unrelated entities.
in defined term set: Glossary
term code: coined, 2014
type: DefinedTerm

Functional Query
description: The retrieval method in which entities are found by functional coordinate rather than keyword, returning complete functional populations instead of name matches.
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Functional Space
description: The n-dimensional space in which functional locations are computed, compared, and traversed. Patent-backed (US 12,242,431).
in defined term set: Glossary
term code: coined, 2014
type: DefinedTerm

Functional Trajectory
description: The computed path an element traces through functional locations over time. Patent-backed (US 11,151,096).
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Functional Twins
description: The accurate functional representations that mirror real-world resources and activities inside the model.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Index construction and portfolio classification
description: Built the Syntax Stratified Indices, benchmark indices constructed on functional rather than conventional sector classification.
term code: expert
type: DefinedTerm

Labor Barcode
description: The four-field barcode capturing a job's functional role in the economy.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Locus
description: The base unit of economic activity: a single pairing of an activity with the resources required to produce its output, which together fix the activity's position in economic space.
in defined term set: Glossary
term code: coined, 2013
type: DefinedTerm

Locus Functional Markers
description: The coded functional references derived from the Production System Model and assigned to entities in the FIS database.
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Locus Language
description: The formal language of the model, in which activities function as verbs, resources as nouns, and a locus is a complete sentence describing real economic phenomena.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Locus Model
description: A theoretical framework that defines the internal parts and processes of any product-producing system, giving every activity and resource a functional identity and an ordered position.
in defined term set: Glossary
term code: coined, 2013
type: DefinedTerm

Locus Theory
description: The comprehensive systems theory of all activities and resources used in an economy, stated in two branches: the Locus Theory of Economic Systems and the Locus Theory of People.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Mergers and acquisitions
description: Managing Director in M&A at PaineWebber, 1981–1990.
term code: advanced
type: DefinedTerm

Natural Functional Order
description: The stable, invariant sequence of positions that every ongoing economic system must fill, independent of geography, culture, technology, or era.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Pharmaceutical royalty finance
description: Founded and built Royalty Pharma into the world's largest acquirer of pharmaceutical royalties, helping create the category as an investable asset class.
term code: expert
type: DefinedTerm

Precision gene editing / agricultural biotechnology
description: Led Cibus's application of production-system methodology to plant biology through the Rapid Trait Development System.
term code: expert
type: DefinedTerm

Production System Model
description: The model identifying and defining the parts and processes necessary to produce a product, from which functional markers are derived.
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Rapid Trait Development System (RTDS)
description: Cibus's precision gene-editing platform for agricultural trait development, applying production-system methodology to plant biology.
in defined term set: Glossary
term code: used extensively
type: DefinedTerm

Stratified Weighting
description: The index-construction methodology underlying the Syntax Stratified Indices, grouping securities by functional attribute rather than conventional sector classification.
in defined term set: Glossary
term code: used extensively
type: DefinedTerm

Structural Resources
description: Resources used by performing a task directly and physically persistent, ready without transformation — comprising people, space, and equipment.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Subject Resource Role
description: The five functional contributions a subject resource can make in production: space-infrastructure, operator, direction, financial capacity, and power.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Supporting Resources
description: Resources consumed in enabling a structural resource to perform — comprising information, money, and energy.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Systems Economics
description: The field designation for the study of economies as living systems composed of repeating, ordered functional activities and the resources that staff them.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Systems Syntax
description: The logical data model on which a representation of a functional system is constructed.
in defined term set: Glossary
term code: coined, 2017
type: DefinedTerm

Terminality
description: The property determining where a chain of product usage stops — the point at which a Work Group reaches the customer's Central Department Cycle and the sequence terminates.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

The Functional Triad
description: The three-coordinate reference frame of time, space, and function, in which function supplies the 'what' that time and space cannot.
in defined term set: Glossary
term code: coined, 2026
type: DefinedTerm

Theory of Economic Systems
description: The generalized systems theory of all activities and resources used in an economy, from which the Locus Model is built.
in defined term set: Glossary
term code: coined, 2019
type: DefinedTerm

Columbia University
type: CollegeOrUniversity

Middlebury College
type: CollegeOrUniversity

Rory Riggs is an inventor, executive, and investor who applies one system, the Locus Model, across biotechnology, finance, and economics.
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Rory Riggs is an inventor, executive, and investor who applies one system, the Locus Model, across biotechnology, finance, and economics.
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Rory Riggs is an inventor, executive, and investor who applies one system, the Locus Model, across biotechnology, finance, and economics.
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copyright year: 2026
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Managing Member
description: Managing Member of Balfour Venture Partners.
type: Occupation

President, CFO, and Director
description: President, CFO, and Director of BioMatrix, overseeing the launch of Synvisc, a viscosupplementation treatment.
type: Occupation

occupation-biomatrix-inc-president-cfo-and-director-role
end date: 2000
has occupation: President, CFO, and Director
role name: President, CFO, and Director at BioMatrix Inc.
start date: 1996
type: Role

Chairman of the Board
description: Transitioned from Chief Executive Officer to Chairman of the Board in June 2026 as Craig Wichner became CEO.
type: Occupation

occupation-cibus-inc-chairman-of-the-board-role
has occupation: Chairman of the Board
role name: Chairman of the Board at Cibus Inc.
start date: 2026-06
type: Role

Chief Executive Officer
description: Co-founder and CEO of Cibus, the leading precision gene-editing company for agriculture. Applied the Locus Model's functional-systems approach to plant biology through the Rapid Trait Development System (RTDS).
type: Occupation

occupation-cibus-inc-chief-executive-officer-role
end date: 2026-06
has occupation: Chief Executive Officer
role name: Chief Executive Officer at Cibus Inc.
start date: 2021-10-07
type: Role

Chair
description: Chair of eReceivables, a healthcare service technology company.
type: Occupation

Chairman
description: Chairman of Nucelis Inc.
type: Occupation

Managing Director, Mergers & Acquisitions
description: Managing Director in the mergers and acquisitions group at PaineWebber.
type: Occupation

occupation-painewebber-inc-managing-director-mergers-acquisitions-role
end date: 1990
has occupation: Managing Director, Mergers & Acquisitions
role name: Managing Director, Mergers & Acquisitions at PaineWebber Inc.
start date: 1981
type: Role

Chief Executive Officer
description: CEO of RF&P, a real estate investment company owned by the Virginia State Retirement System.
occupation location: Virginia, United States
type: Occupation

Virginia, United States
type: Place

occupation-rfp-corporation-chief-executive-officer-role
end date: 1995
has occupation: Chief Executive Officer
role name: Chief Executive Officer at RF&P Corporation
start date: 1991
type: Role

Chairman and Founder
description: Co-founded Royalty Pharma in 1996 with a $60 million start; built it into the world's largest acquirer of pharmaceutical royalties, holding partial royalty rights on seven of the top thirty drugs sold in the United States. Served as Chairman from 2003 and resigned as a director on June 6, 2024.
type: Occupation

occupation-royalty-pharma-plc-chairman-and-founder-role
end date: 2024-06-06
has occupation: Chairman and Founder
role name: Chairman and Founder at Royalty Pharma plc
start date: 1996
type: Role

General Partner / Co-Founder
description: General Partner and co-founder of Scientia Ventures.
type: Occupation

Executive Chairman / Founder
description: Founded Locus Analytics in 2009 as an economic research firm to pioneer Systems Economics and develop and patent the Functional Information System. Syntax and Locus Analytics merged in March 2023. Built the coordinate-based Locus Model and FIS information infrastructure for finance and economic data, and the Syntax Stratified Indices.
type: Occupation

occupation-syntax-data-syntax-llc-locus-analytics-executive-chai-7ec1f0-role
has occupation: Executive Chairman / Founder
role name: Executive Chairman / Founder at Syntax Data (Syntax LLC / Locus Analytics)
start date: 2009
type: Role

CEO and Trustee
description: CEO and Trustee of the Syntax-affiliated ETF trust since 2017.
type: Occupation

occupation-webs-etf-trust-syntax-etf-trust-ceo-and-trustee-role
has occupation: CEO and Trustee
role name: CEO and Trustee at WEBS ETF Trust (Syntax ETF Trust)
start date: 2017
type: Role

Bond Street Marketplace
type: Organization

org-bond-street-marketplace-affiliation
affiliation: Bond Street Marketplace
description: Angel investor and board member of the fintech company Bond Street Marketplace.
role name: Angel Investor / Board Member
type: OrganizationRole

BusinessWire
type: NewsMediaOrganization

Feinstein Institute (Northwell Health)
type: Organization

org-feinstein-institute-northwell-health-affiliation
affiliation: Feinstein Institute (Northwell Health)
description: Director of the Feinstein Institute, the research arm of Northwell Health.
role name: Director
type: OrganizationRole

FibroGen Inc.
type: Organization

org-fibrogen-inc-affiliation
affiliation: FibroGen Inc.
description: Co-founder and director of FibroGen since October 1993 — his longest confirmed board tenure.
role name: Co-Founder and Director
start date: 1993-10
type: OrganizationRole

GeneNews / StageZero Life Sciences
type: Organization

org-genenews-stagezero-life-sciences-affiliation
affiliation: GeneNews / StageZero Life Sciences
description: Board Chair and director of GeneNews, later StageZero Life Sciences, since 1998.
role name: Board Chair / Director
start date: 1998
type: OrganizationRole

GlobeNewswire
type: NewsMediaOrganization

Intra-Cellular Therapies Inc.
type: Organization

org-intra-cellular-therapies-inc-affiliation
affiliation: Intra-Cellular Therapies Inc.
description: Director of Intra-Cellular Therapies from January 2014, serving on the Audit Committee.
end date: 2025
role name: Director, Audit Committee
start date: 2014-01
type: OrganizationRole

Irish Times
type: NewsMediaOrganization

Locus LP
type: Organization

Middlebury Magazine
type: NewsMediaOrganization

New York Genome Center
type: Organization

org-new-york-genome-center-affiliation
affiliation: New York Genome Center
description: Director of the New York Genome Center, his primary current nonprofit board.
role name: Board Member
type: OrganizationRole

Nuredis Inc.
type: Organization

org-nuredis-inc-affiliation
affiliation: Nuredis Inc.
description: Director of Nuredis Inc.
role name: Director
type: OrganizationRole

Rory Riggs
type: Organization

San Diego Business Journal
type: NewsMediaOrganization

SUGEN Inc.
type: Organization

org-sugen-inc-affiliation
affiliation: SUGEN Inc.
description: Co-founder and board member of SUGEN.
role name: Co-Founder and Board Member
type: OrganizationRole

Syntax Data (Syntax LLC / Locus Analytics)
type: Organization

United Hospital Fund
type: NewsMediaOrganization

Algorithmic method for dynamically computing complex relationships in functional systems
abstract: A continuation of US 11,657,026 B2 computing functional relationships and n-dimensional locations of data entities — the most recently granted patent in the Locus Model family.
additional type: Patent
author: Barry Fox
author: Daniel Goldman
author: Dylan Wengert
author: Elizabeth Bowling
author: Elizabeth Prior
author: Jordan Johnson
author: Rory Riggs
author: Sean Sandys
author: Zachary Hall
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2023-05-23
date published: 2025-03-04
expires: 2034-03-17
spatial coverage: USPTO
type: CreativeWork

United States
type: Country

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property ID: patentNumber
value: US 12,242,431 B2
type: PropertyValue

Digital platform for trading and management of investment securities
abstract: Forms a stratified, segmented composite data structure grouping and weighting data entities by functional attributes, applied to a digital trading and securities management platform.
additional type: Patent
author: Daniel Goldman
author: Jonathan Chandler
author: Rory Riggs
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2022-01-18
date published: 2025-01-07
expires: 2035-07-08
spatial coverage: USPTO
type: CreativeWork

United States
type: Country

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property ID: patentNumber
value: US 12,189,709 B2
type: PropertyValue

Domain-specific syntactic tagging in a functional information system
abstract: Systems and methods using a logical data model to aggregate data entities and analyze economic information via a functional coordinate system.
additional type: Patent
author: Rory Riggs
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2015-01-23
date published: 2015-08-04
spatial coverage: USPTO
type: CreativeWork

United States
type: Country

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Domain-specific syntax tagging in a functional information system
abstract: A logical data model that aggregates data entities and analyzes economic information using a functional coordinate system, forming one of the foundational patents of the Locus Model / Functional Information System.
additional type: Patent
author: Gabriel Marius
author: Rory Riggs
author: Sean Sandys
author: Towson Remmel
copyright holder: Locus LP
country of origin: United States
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date published: 2015-03-24
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Dynamic syntactic affinity group formation in a high-dimensional functional information system
abstract: Algorithmically modifies a functional system representation based on functional trajectory signals via a graph-based systems syntax — the basis for the Affinity Lenses / functional peer grouping capability.
additional type: Patent
author: Daniel Goldman
author: Ellison Kandler
author: Jonathan Chandler
author: Rory Riggs
author: Sean Sandys
author: Simon Whitten
copyright holder: Locus LP
country of origin: United States
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date published: 2021-10-19
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High-dimensional systems databases for real-time prediction of interactions in a functional system
abstract: Algorithmically determines the composition of elements in an n-dimensional functional system via a logical data model, enabling real-time prediction of interactions.
additional type: Patent
author: Christopher Silkworth
author: Daniel Goldman
author: James Breitmeyer
author: Rory Riggs
author: Sean Sandys
author: Vin Harng Chew
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2017-05-08
date published: 2018-06-12
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value: US 9,996,502 B2
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Hyperdimensional vector representations for algorithmic functional grouping of complex systems
abstract: Forms a stratified, segmented composite data structure by weighting data entities according to functional attributes, with positive and negative bias adjustments.
additional type: Patent
author: Daniel Goldman
author: Rory Riggs
author: Sean Sandys
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2019-08-15
date published: 2022-01-18
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Matching multidimensional projections of functional space
abstract: An algorithmic method for computing complex relationships among objects via their functional locations in n-dimensional functional space.
additional type: Patent
author: Barry Fox
author: Daniel Goldman
author: Dylan Wengert
author: Elizabeth Bowling
author: Elizabeth Prior
author: Jordan Johnson
author: Rory Riggs
author: Sean Sandys
author: Zachary Hall
copyright holder: Locus LP
country of origin: United States
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date published: 2020-03-24
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Multi-dimensional modeling in a functional information system
abstract: A logical data model aggregating data entities and analyzing economic information via a functional coordinate system, extended to multi-dimensional modeling.
additional type: Patent
author: Ellison Kandler
author: Harmon Martin Towson Remmel
author: Jonathan Chandler
author: Richard Kahn
author: Rory Riggs
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2018-03-05
date published: 2018-07-10
expires: 2034-03-17
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Predictive search and navigation for functional information systems
abstract: An algorithmic method for computing complex relationships among data entities via positioning within n-dimensional functional space, enabling predictive search and navigation.
additional type: Patent
author: Barry Fox
author: Daniel Goldman
author: Dylan Wengert
author: Elizabeth Bowling
author: Elizabeth Prior
author: Jordan Johnson
author: Rory Riggs
author: Sean Sandys
author: Zachary Hall
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2020-03-24
date published: 2023-05-23
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Segmentation and stratification of composite portfolios of investment securities
abstract: Forms a stratified, segmented composite investment portfolio by grouping securities according to risk-correlated functional attributes with adjustable weighting biases — the patent basis for the Syntax Stratified Indices.
additional type: Patent
author: Adelaide Fuller
author: Christopher Silkworth
author: Daniel Goldman
author: Gabriel Marius
author: Harmon Martin Towson Remmel
author: James Fifield
author: Jonathan Chandler
author: Mark T. Finn
author: Rory Riggs
author: Sean Sandys
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2015-07-16
date published: 2016-01-26
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Syntactic graph modeling in a functional information system
abstract: A logical data model for aggregating data entities and analyzing economic information via a functional coordinate system, extended into graph modeling.
additional type: Patent
author: Adelaide Fuller
author: Daniel Goldman
author: Harmon Martin Towson Remmel
author: James Fifield
author: Jonathan Chandler
author: Rory Riggs
author: Winston Featherly-Bean
copyright holder: Locus LP
country of origin: United States
creative work status: granted
date created: 2015-12-13
date published: 2018-03-06
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Syntactic loci and fields in a functional information system
abstract: A logical data model aggregating data entities and analyzing economic information via a functional coordinate system, documenting the activity-product referent — an economic system occupying a functional slot in another system's Activity Cycle without transferring a resource.
additional type: Patent
author: Adelaide Fuller
author: Amy Whitaker
author: Gabriel Marius
author: Harmon Martin Towson Remmel
author: James Fifield
author: Jonathan Chandler
author: Rory Riggs
author: Sean Sandys
copyright holder: Locus LP
country of origin: United States
creative work status: granted
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date published: 2016-06-07
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The Journal of Index Investing
type: Periodical

Rory Riggs
additional name: Balfour
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affiliation: org-fibrogen-inc-affiliation
affiliation: org-genenews-stagezero-life-sciences-affiliation
affiliation: org-intra-cellular-therapies-inc-affiliation
affiliation: org-new-york-genome-center-affiliation
affiliation: org-nuredis-inc-affiliation
affiliation: org-sugen-inc-affiliation
alternate name: Rory B. Riggs
alternate name: Rory Balfour Riggs
alumni of: Columbia University
alumni of: Middlebury College
description: Rory Riggs is an inventor, executive, and investor who applies one system, the Locus Model, across biotechnology, finance, and economics. Mr. Riggs is Executive Chairman of Syntax Data, which has built a foundational coordinate-based information infrastructure for finance and economic data based on his patented Locus Model and Functional Information System (FIS).
disambiguating description: Rory Riggs is an inventor, executive, and investor who applies one system, the Locus Model, across biotechnology, finance, and economics.
family name: Riggs
gender: male
given name: Rory
has credential: BA
has credential: MBA
has occupation: Managing Member
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has occupation: occupation-cibus-inc-chairman-of-the-board-role
has occupation: occupation-cibus-inc-chief-executive-officer-role
has occupation: Chair
has occupation: Chairman
has occupation: occupation-painewebber-inc-managing-director-mergers-acquisitions-role
has occupation: occupation-rfp-corporation-chief-executive-officer-role
has occupation: occupation-royalty-pharma-plc-chairman-and-founder-role
has occupation: General Partner / Co-Founder
has occupation: occupation-syntax-data-syntax-llc-locus-analytics-executive-chai-7ec1f0-role
has occupation: occupation-webs-etf-trust-syntax-etf-trust-ceo-and-trustee-role
job title: Executive Chairman / Founder
knows: BioMatrix Inc.
knows: Cibus Inc.
knows: Columbia University
knows: Feinstein Institute (Northwell Health)
knows: FibroGen Inc.
knows: Intra-Cellular Therapies Inc.
knows: Middlebury College
knows: New York Genome Center
knows: PaineWebber Inc.
knows: RF&P Corporation
knows: Royalty Pharma plc
knows: Scientia Ventures LLC
knows: SUGEN Inc.
knows: Syntax Data (Syntax LLC / Locus Analytics)
knows about: Functional classification systems
knows about: Index construction and portfolio classification
knows about: Mergers and acquisitions
knows about: Pharmaceutical royalty finance
knows about: Precision gene editing / agricultural biotechnology
knows about: Glossary
knows language: English
subject of: Cibus Appoints Co-Founder Rory Riggs as Chief Executive Officer
subject of: Cibus Closes Calyxt Deal
subject of: Cibus Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024
subject of: Cibus Names Agricultural Biotechnology Leader Craig Wichner as Chief Executive Officer
subject of: Cibus Opens Gene Editing Facility for Trait Production
subject of: Margaret Crotty and Rory Riggs Health Care Leadership Award, 2024
subject of: Regarding Cloe
subject of: Royalty Pharma Co-Founder Writes Open Letter to Board of Elan Ahead of EGM
subject of: Syntax LLC Announces Launch of Stratified LargeCap ESG Index
works for: Syntax Data (Syntax LLC / Locus Analytics)
type: Person

Adelaide Fuller
type: Person

Amy Whitaker
type: Person

Barry Fox
type: Person

BioMatrix Inc.
description: President, CFO, and Director, 1996–2000; oversaw the launch of Synvisc.
type: Person

Christopher Silkworth
type: Person

Cibus Inc.
description: Co-founder; CEO 2021–2026, then Chairman of the Board.
type: Person

Columbia University
description: Graduate alma mater (MBA).
type: Person

Daniel Goldman
type: Person

Dylan Wengert
type: Person

Elizabeth Bowling
type: Person

Elizabeth Prior
type: Person

Ellison Kandler
type: Person

Feinstein Institute (Northwell Health)
description: Current director of the research arm of Northwell Health.
type: Person

FibroGen Inc.
description: Co-founder and director since October 1993.
type: Person

Gabriel Marius
type: Person

Harmon Martin Towson Remmel
type: Person

Intra-Cellular Therapies Inc.
description: Director, 2014–2025.
type: Person

James Breitmeyer
type: Person

James Fifield
type: Person

Jonathan Chandler
type: Person

Jordan Johnson
type: Person

Mark T. Finn
type: Person

Middlebury College
description: Undergraduate alma mater (BA).
type: Person

New York Genome Center
description: Current director.
type: Person

PaineWebber Inc.
description: Managing Director, Mergers & Acquisitions, 1981–1990.
type: Person

RF&P Corporation
description: CEO, 1991–1995, a Virginia State Retirement System–owned real estate investment company.
type: Person

Richard Kahn
type: Person

Rory Riggs
type: Person

Royalty Pharma plc
description: Co-founder and Chairman (2003–2024); built the pharmaceutical royalty asset class.
type: Person

Scientia Ventures LLC
description: General Partner and co-founder.
type: Person

Sean Sandys
type: Person

Simon Whitten
type: Person

SUGEN Inc.
description: Co-founder and board member.
type: Person

Syntax Data (Syntax LLC / Locus Analytics)
description: Founder and Executive Chairman; built the Locus Model, Functional Information System, and Syntax Stratified Indices.
type: Person

Towson Remmel
type: Person

Vin Harng Chew
type: Person

Winston Featherly-Bean
type: Person

Zachary Hall
type: Person

An Index Methodology for Diversifying Business Risk
abstract: This article introduces a new passive weighting methodology for diversifying business risk: functional information system (FIS)–based stratified weighting. The FIS-based stratified-weight approach effectively diversifies related business risk (RBR), such as supply chain dynamics, customer groups, product types, or other operational attributes that affect groups of companies that share common earnings drivers. The proposed methodology addresses overconcentrations of business risk that regularly occur in capitalization-weighted or equal-weighted indexes. This approach maintains a diversified weighting of an index’s underlying business risks by allocating constituents to specific RBR groupings, defined using FIS classification, and then fixing the weight of each group via stratification. The motivation behind this methodology is the fact that stock performance is the result of business performance and diversifying business performance is the ultimate goal of a diversified equity index. The authors demonstrate the performance benefit of stratified-weighted versions of the S&P 500 and S&P MidCap 400 indexes over traditional market capitalization weighting and equal weighting, especially following periods of economic stress. They find that FIS-based stratified-weight indexes deliver consistent and significantly higher returns relative to standard capitalization-weighted market indexes and equal-weighted indexes (on average, 389 bps per annum for the S&P 500 and 175 bps per annum for the S&P 500 equal weight), while exhibiting comparable beta and volatility. This article proposes that these results are robust and are not related to the choice of the universe or to particular market conditions.
author: Rory Riggs
date published: 2017
description: This article introduces a new passive weighting methodology for diversifying business risk: functional information system (FIS)–based stratified weighting. The FIS-based stratified-weight approach effectively diversifies related business risk (RBR), such as supply chain dynamics, customer groups, product types, or other operational attributes that affect groups of companies that share common earnings drivers. The proposed methodology addresses overconcentrations of business risk that regularly occur in capitalization-weighted or equal-weighted indexes. This approach maintains a diversified weighting of an index’s underlying business risks by allocating constituents to specific RBR groupings, defined using FIS classification, and then fixing the weight of each group via stratification. The motivation behind this methodology is the fact that stock performance is the result of business performance and diversifying business performance is the ultimate goal of a diversified equity index. The authors demonstrate the performance benefit of stratified-weighted versions of the S&P 500 and S&P MidCap 400 indexes over traditional market capitalization weighting and equal weighting, especially following periods of economic stress. They find that FIS-based stratified-weight indexes deliver consistent and significantly higher returns relative to standard capitalization-weighted market indexes and equal-weighted indexes (on average, 389 bps per annum for the S&P 500 and 175 bps per annum for the S&P 500 equal weight), while exhibiting comparable beta and volatility. This article proposes that these results are robust and are not related to the choice of the universe or to particular market conditions.
is part of: The Journal of Index Investing
type: ScholarlyArticle

Practical Applications of An Index Methodology for Diversifying Business Risk
abstract: In An Index Methodology for Diversifying Business Risk, published in The Journal of Index Investing, Rory Riggs and Jonathan Chandler, both of Syntax, LLC, and Mark T. Finn, of Vantage Consulting Group, introduce a methodology for constructing an equity index in which the weight assigned to each component is determined by reference to the nature of the business risks to which it is exposed. The methodology uses the technique of statistical stratification to maximize the index’s diversification across different categories of business risks. Using the populations of the S&P 500 and the S&P MidCap 400 indexes, the authors compare the performance of stratified indexes created using their methodology to both market-capitalization-weighted and equal-weighted indexes comprising the same components. They find that the stratified indexes delivered higher returns and higher Sharpe ratios than the others.
author: Rory Riggs
date published: 2017
description: In An Index Methodology for Diversifying Business Risk, published in The Journal of Index Investing, Rory Riggs and Jonathan Chandler, both of Syntax, LLC, and Mark T. Finn, of Vantage Consulting Group, introduce a methodology for constructing an equity index in which the weight assigned to each component is determined by reference to the nature of the business risks to which it is exposed. The methodology uses the technique of statistical stratification to maximize the index’s diversification across different categories of business risks. Using the populations of the S&P 500 and the S&P MidCap 400 indexes, the authors compare the performance of stratified indexes created using their methodology to both market-capitalization-weighted and equal-weighted indexes comprising the same components. They find that the stratified indexes delivered higher returns and higher Sharpe ratios than the others.
is part of: The Journal of Index Investing
type: ScholarlyArticle

Glossary
author: Rory Riggs
has defined term: Activity Cycle
has defined term: Bounded Order / Unbounded Fill
has defined term: Economic Cartography
has defined term: Economic Morphology
has defined term: Economic Physiology
has defined term: Economic Twin
has defined term: Enterprise Barcode
has defined term: FIS Coordinates
has defined term: Functional Address
has defined term: Functional Coordinates
has defined term: Functional Information System (FIS)
has defined term: Functional Location
has defined term: Functional Proximity
has defined term: Functional Query
has defined term: Functional Space
has defined term: Functional Trajectory
has defined term: Functional Twins
has defined term: Labor Barcode
has defined term: Locus
has defined term: Locus Functional Markers
has defined term: Locus Language
has defined term: Locus Model
has defined term: Locus Theory
has defined term: Natural Functional Order
has defined term: Production System Model
has defined term: Rapid Trait Development System (RTDS)
has defined term: Stratified Weighting
has defined term: Structural Resources
has defined term: Subject Resource Role
has defined term: Supporting Resources
has defined term: Systems Economics
has defined term: Systems Syntax
has defined term: Terminality
has defined term: The Functional Triad
has defined term: Theory of Economic Systems
type: DefinedTermSet

Rory Riggs
description: The personal site of Rory Riggs — inventor of the Locus Model and Functional Coordinates, founder of Systems Economics, and Executive Chairman of Syntax Data. Documents his work across financial classification (FIS, Syntax Stratified Indices), agricultural biotechnology (Cibus, Rapid Trait Development System), and pharmaceutical royalties (Royalty Pharma).
language: en
publisher: Rory Riggs
type: WebSite

Career Timeline - Rory Riggs
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