“Alex’s professional story is the story of the evolution of Wall Street,” Grant said yesterday in a telephone interview. Mr. Porter served as a portfolio manager at A.W. Grant, in a death notice published in the Charlotte Observer, wrote: “On Wall Street, Porter was known as a gentle and courteous giant. ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. He was 75. Aggregate Net Asset Value Range (for issuer specifying "hedge" or "other investment" fund in item 4 above) “Some need regulations. LIGHTPATH CAPITAL L P raised $10,635,000 from 20 investors on 2012-03-16. Jones as a portfolio manager in 1967, where he remained until moving to Sanford Bernstein in 1972. Alex Porter, one of Jones's portfolio managers, confirmed that their market exposure was aggressive, perhaps up to 120%. In his company, one invariably felt his hand on one’s shoulder at a doorway; Porter insisted on entering second. Jones & Co., as a founder of what today is Amici Capital LLC, has died. Anyone would be hard pressed to find another in the hedge fund business with such an extraordinary record of success and such an insatiable desire to make those around him successful.”. That was compared to 8.9% for the S&P 500 total return index and 7.4% for the HFRI Event-Driven Read More. Amici Capital, LLC is an employee owned hedge fund sponsor. While Porter served as a managing member of Amici Capital, LLC, Paul E. Orlin is the managing member and portfolio manager of the firm. A. Alex Porter, a well-known manager in the hedge fund industry, died on April 18th at the age of 75. He was 75. IN 1949 ALFRED WINSLOW JONES, whose background included a Ph.D. in sociology, a stint as a writer at Fortune but no time in the clubby world of Wall Street, launched an investment partnership. By Alex Barinka, Kiel Porter and Sonali Basak | May 19, 2016. He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. Jones & Co. the legendary hedge fund, and at Sanford C. Bernstein & Co. Alex qualified and spent seven years at DAC Beachcroft (then Davies Arnold Cooper) and Ince & Co in London before moving to the Cayman Islands in 2004. Leveraging the “build, buy or partner” framework can help your brand better develop effective roadmaps for the back half of this year as well as 2021 and set you on a path to exceeding your goals. Approximate net performance from July to October is down over -5 percent, while the fund reports being down -3.11 percent on the year. Whitney graduated from the University of Florida and began her career with Porter Orlin hedge fund in New York City, where she performed investment research for the managing director, Alex Porter. You can learn from Charlie Munger firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. That venture lasted until the end of 2010. The ECF, or Excess Cash Flow Fund, had returned 12.9% annualized since inception to the end of September 2020. The cause was colon cancer. Hedge Fund Whale Backtesting and search tools . Whitney graduated from the University of Florida and began her career with Porter Orlin hedge fund in New York City, where she performed investment research for the managing director, Alex Porter. Mr. Porter is president and chief executive officer of Porter Felleman Inc. a New York City money management firm . Alex Porter, one of Jones's portfolio managers, confirmed that their market exposure was aggressive, perhaps up to 120%. WhaleWisdom ... ALEX PORTER IS AN EXECUTIVE OFFICER OF CF ADVISORS, LLC, THE GENERAL PARTNER OF THE ISSUER. A. Alex Porter, who applied the lessons he learned at the first hedge fund, A.W. “Alex cared. Mr. Porter served as a portfolio manager at A.W. Mr. Porter began his career with Interstate Securities Corporation in Charlotte, North Carolina in 1960. Porter Orlin Hedge Fund June 2007 – March 2010 2 years 10 months. ... POOLED INVESTMENT FUND - HEDGE FUND Item 5. WhaleWisdom 13F Data. Please speak to a licensed financial professional before making any investment decisions. He began his career with Interstate Securities Corp. in Charlotte, according to a biography on the Amici website. Alex Porter said in 2005 that his firm Porter Orlin Inc. wouldn’t register with the U.S. Securities and Exchange Commission, which had mandated a rule requiring registration by hedge-fund advisers with 15 or more clients. He was given a second chance and stayed. Mr. Porter has over 30 years experience in the investment advisory business and currently, through one or more entities that he controls, manages approximately $100 million. In 2006, a three-judge panel of the U.S. Court of Appeals in Washington unanimously struck down the rule, citing the complexities in regulating something -- hedge funds -- that isn’t mentioned in U.S. securities laws. A.W. BAML Warns Of Trouble In Emerging Markets Currencies By Mani. In 1964 he moved to New York to work as an investment analyst. Through this challenge, $5 million was offered as a 1:1 match to donors who made new commitments of $50,000 or more to a new or existing endowed scholarship fund. However, in 2006, the three-judge panel of the U.S. Court of Appeals in Washington unanimously struck down the rule, citing the complexities in regulations. He is credited with forming the first modern hedge fund and is widely regarded as the "father of the hedge fund industry." In a year that has been traumatic for many investors, one hedge fund argues that this year may not be among the five worst years in the last 10 for investors in frontier markets. “Describing Alex as a man of humility does not really do justice to his grace and selflessness,” Orlin, the firm’s chief investment officer, wrote in a note to investors. Whitney graduated from the University of Florida and began her career with Porter Orlin hedge fund in New York City, where she performed investment research for the managing director, Alex Porter. He said: “Today, by contrast, the term ‘hedge’ suggests ‘leveraged and long’ investing which often amplifies rather than cushions market swings”. Porter was born in Charlotte, NC and moved to New York in the 1960s subsequently becoming a member of the Wall Street generation that popularized the hedge fund. Capital Advisors, both based in Stamford, Connecticut. alex porter is an executive officer of cf advisors, llc, the general partner of the issuer. (function () { After losing its founder A. Alex Porter in April, the fund initially gained ground but then went through difficult market environments during July, September and now October. subscription required Relationship(s) EXECUTIVE OFFICER; Clarification of Response. He spent seven years there at a local firm latterly as a partner specialising in insolvency and fund disputes. He … Q2 2020 hedge fund letters, conferences and more Less difficult September For last month, the Frontaura Global Frontier Fund was up Read More. Steven A. Cohen (born June 11, 1956) is an American billionaire hedge fund manager and majority owner of the New York Mets of Major League Baseball. Hedge fund manager John Paulson recently shut down a … Jones as a portfolio manager in 1967, where he remained until moving to Sanford Bernstein in 1972. Jones & Co. the legendary hedge fund, and at Sanford C. Bernstein & Co. Over its short life, … As one of “the last practitioners from the A.W. A. Alex Porter, a member of the Wall Street generation that popularized the hedge fund and himself a successful practitioner of that now-familiar investing craft, died at his farm in Davidson, N.C. He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. THE COLLECTORS' FUND, L.P. Fund Type: Hedge Fund Private Fund ID: 805-7688051372 Form D File Number: 021-129165 Owners: 67 Minimum Investment: 1000000 Gross Asset Value: 252430066 Insider Ownership %: 10 Parent Fund: AMICI CAPITAL, LLC: Name(s) of Parter, Manager, Trustee, or Director Survivors include his sister, Sarah Porter Boehmler, and two other nieces. He was 75. Mr. Porter served as a portfolio manager at A.W. He holds MBA (Finance) and Professional Management Accounting Qualifications. item 3. related persons Alex Porter came to Woodberry from his native Charlotte, North Carolina. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below: Mani is a Senior Financial Consultant. Unsubscribe at any time. He cared about his colleagues, our investors, and I know he felt fortunate to call many of them his friends. Capital Advisors, both based in Stamford, Connecticut. A. ALEX PORTER ’ 56 1938 – 2014. Insider Monkey Hedge Fund Directory - Letter A. Paul Tudor Jones. He was 75. Mr. Porter served as a portfolio manager at A.W. The name Amici -- “friends” in Latin -- reflected the fact that of 30 people Porter solicited for startup money, only three friends came through, writing checks totaling $360,000. The firm, founded in 1949, is credited with employing the first hedging strategy. © 2021 VALUEWALK LLC. Porter Management survives today at Amici Capital and its flagship fund generated annualized returns of about 20% during his stewardship. Issuer Size. Steven A. Cohen (born June 11, 1956) is an American billionaire hedge fund manager and majority owner of the New York Mets of Major League Baseball. Jones & Co. launched the world's first hedge fund back in 1949. WhaleWisdom tracks 13F, Schedule 13D, and 13G EDGAR filings by hedge funds. Hedge Fund Whale Backtesting and search tools . ValueWalk also contains archives of famous investors, and features many investor resource pages. ... Next article Alex Porter, Hedge Fund Pioneer, Dies, Leaving Behind Struggling Amici. Alex Porter, who worked at the first hedge fund, A. W. Jones & Co., and later ran his own successful firm, died April 18. var jo = document.createElement('script'); A. Alex Porter, a member of the Wall Street generation that popularized the hedge fund and himself a successful practitioner of that now-familiar investing craft, died at his farm in Davidson, N.C. Whitney graduated from the University of Florida and began her career with Porter Orlin hedge fund in New York City, where she performed investment research for the managing director, Alex Porter. Mr. Porter has over 30 years experience in the investment advisory business and currently, through one or more entities that he controls, manages approximately $100 million. In 1999, he and a colleague, Alex Porter, started Nippon Partners, a hedge fund seeking small-cap stocks that seem to be bargains. He worked on the Oracle staff, was sports editor of the Fir Tree, and was a member of the monitor board, chapel council, German club, and public speaking honor society. Porter’s first fund, Amici, generated a net compound annual return of about 20 percent from its formation in 1976 until 1993, according to the firm. A. Alex Porter, a member of the Wall Street generation that popularized the hedge fund and himself a successful practitioner of that now-familiar investing craft, died at his farm in Davidson, N.C. jo.type = 'text/javascript'; James Grant, a friend and colleague who publishes Grant’s Interest Rate Observer, said: “Porter carried the long-ago notion of a “hedged” fund as one that is ‘long and short’ and thereby inured to the vicissitudes of the overall market. Instagram, Twitter, Facebook, Images, Youtube and more on IDCrawl - the leading free people search engine. Porter served as a trustee of the Library of America, a nonprofit publisher of classic American literature, and the New York-based John Simon Guggenheim Memorial Foundation, which supports the work of scholars, scientists and artists. She further wrote: “These companies, where management doesn’t own much stock, where management is not realistic and forthright about their business, and where the company itself is leveraged or has a fatal balance-sheet flaw”. ALEX PORTER. The New York-based firm that Porter founded in 1976 as Porter Management Inc. became Porter Orlin LLC in 2005 and Amici Capital last year. A. Alex Porter, a well-known manager in the hedge fund industry, died on April 18th at the age of 75. In 1998, Porter and Grant formed Nippon Partners LP, a hedge fund to invest in small-cap Japanese companies that were trading at less than net asset values. [15] Later years . He received a bachelor’s degree in English in 1960 from Davidson College in Davidson, North Carolina, where he played football on a scholarship and also wrestled. Amici Capital, LLC is an employee owned hedge fund sponsor. Hedge Fund Private Equity Fund ... Collectors' Fund, L.P. /s/ Alex Porter: Alex Porter: Managing Member of the General Partner: 2009-03-12: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Over its short life, … X0704 D/A LIVE 0001087378 Collectors' Fund, L.P. c/o CF Advisors, LLC 666 Fifth Avenue, Suite 3403 New York NY NEW YORK 10103 212-484-5000 NEW YORK COLLECTORS FUND L P Limited Partnership true A. Alex Porter c/o CF Advisors, LLC 666 Fifth Avenue, Suite 3403 New York NY NEW YORK 10103 Executive Officer A. Alex Porter is a Managing Member of CF Advisors, LLC, the General Partner of the … Porter has over 30 years experience in the investment advisory business and currently, through one or more entities that he controls, manages approximately $100 million. It manages hedge funds for its clients. By contrast, Jones did relatively well during the market downturn of 1973–1974 by being conservative. The cause was cancer, according to his sister, Sarah Porter Boehmler. Address. LIGHTPATH CAPITAL L P Funding details. In 2005, according to the Charlotte Observer, Porter said his firm, then Porter Orlin Inc., would not register with the U.S. Securities and Exchange Commission, which had passed a rule requiring registration by hedge-fund advisers with 15 or more clients. The cause was cancer, according to his sister, Sarah Porter Boehmler. Having continued his interest in wrestling at Davidson on its varsity squad, he wrestled competitively into his fifties. "He was not a stock-market guy," recalls Alex Porter, who worked for Jones in the late 1960s and early 1970s and went on to run hedge funds. (The other manager is Alex Porter of Porter Felleman, a 25-year-old firm that steers America's second-oldest hedge fund.) You can learn from Charlie Munger firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below: Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Is Twitter Inc (TWTR) Bringing In New Users Fast Enough? Opalesque provides you with quality information on all matters related to hedge funds,finance,offshore hedge funds,hedge fund news LEAVE A REPLY Cancel reply. It has about 27 employees and $2.2 billion in assets under management. jo.id = 'FJVoiceFeed'; Whitney graduated from the University of Florida and began her career with Porter Orlin hedge fund in New York City, where she performed investment research for the managing director, Alex Porter. Analyst Charles Anderson — formerly with Tiger Management, once one of the largest hedge funds in the world — will also be on hand. Alex Porter joined hedge fund manager A.W. Alex Porter, Hedge Fund Pioneer, Dies, Leaving Behind Struggling Amici, Please speak to a licensed financial professional. Alex Porter Founder and Managing Member, Amici Capital, LLC. The cause was cancer, according to his sister, Sarah Porter Boehmler. WhaleWisdom tracks 13F, Schedule 13D, and 13G EDGAR filings by hedge funds. The name Amici (‘friends’ in Latin) reflected that only three friends came through, writing checks totaling $360,000, though Porter solicited startup money from 30 people. document.getElementsByTagName('head')[0].appendChild(jo); Coining the term 'hedge fund' to describe Jones' fund, it pointed out that his hedge fund had outperformed the best mutual fund over the previous five years by 44 percent, despite its management-incentive fee. He joined A.W. He died on April 18 at his farm in Davidson, North Carolina, according to his niece, Elizabeth Boehmler. Mission: Providing a framework to improve your investing PROCESS, while collecting newsworthy information about trends in business, politics and tech areas. As one of “the last practitioners from the A.W. A. Alex Porter DAVIDSON - A. Alex Porter, a member of the Wall Street generation that popularized the hedge fund and himself a successful practitioner of that now-familiar investing craft, died at his Porter, a probationary hire, was asked to manage a hypothetical $1 million portfolio, which he “promptly lost,” Grant said. On a 10-year basis, Mr. Jones's hedge fund had beaten the top performer Dreyfus Fund by 87 percent. A. Alex Porter December 12, 1938 – April 18, 2014 Mr. Porter, a member of the Wall Street generation that popularized the hedge fund and himself a successful practitioner of that now-familiar investing craft, died at his farm in Davidson on Good Friday. Alfred Winslow Jones (9 September 1900 – 2 June 1989) was an Australian investor, hedge fund manager, and sociologist. Kathryn F. Staley wrote in “The Art of Short Selling” that Porter’s hedging strategy included being short companies, “where financial legerdemain denotes something is seriously wrong”. Alex Porter, Hedge Fund Pioneer, Dies, Leaving Behind Struggling Amici By Mani. Gates Capital Management's ECF value fund has earned strong returns for investors since its inception in June 1996. Before it's here, it's on the Bloomberg Terminal. Have a confidential tip for our reporters? Jones & Co., as a founder of what today is Amici Capital LLC, has died. Jones era,” Porter carried the long-ago notion of a “hedged” fund as one that is “long and short and thereby inured to the vicissitudes of the overall market,” said James Grant, a friend and colleague who publishes Grant’s Interest Rate Observer. He became a … The First Hedge Fund . Find Alex Porter online. … Grant said Porter “quoted from a seemingly infinite personal store of reading, historical anecdote and country-and-western song lyrics,” and he offered an example of a Porter e-mail that began: “The Everly Brothers had a song entitled ‘Nobody Calls from Las Vegas Just to Say Hello.’ Similarly, no one writes mid-afternoon just to say ‘Hello.’ So I’m writing to ask a favor.”. Whitney graduated from the University of Florida and began her career with Porter Management survives today at Amici Capital and its flagship fund generated annualized returns of about 20% during his stewardship. Financial Institutions To Face Criminal Charges [REPORT]. Amici Capital, a global long/short equity fund manager, now has about 27 employees and $2.2 billion in assets under management, according to the latest letter to investors, a copy of which was reviewed by ValueWalk. His New York-based Amici was formerly known as Porter Orlin and before that, Porter Management when it was first founded in 1976. He was 75. PORTER--A. Alex, died at his farm in Davidson, NC on Good Friday. As a protégé of the first hedge fund manager and an industry pioneer himself, Alex applied lessons he learned at the first hedge fund in his investing. A. Alex Porter, who applied the lessons he learned at the first hedge fund, A.W. The firm primarily provides its services to pooled investment vehicles. Coining the term 'hedge fund' to describe Jones' fund, it pointed out that his hedge fund had outperformed the best mutual fund over the previous five years by 44 percent, despite its management-incentive fee. Alex Porter had been a trustee of Davidson College since 1992, and served on the boards of several organizations including Rollcast Energy, Inc. Porter served on the Advisory Board of Murdock Capital Partners Corp. Alex received his Bachelors of Arts in English from Davidson College in 1960. When Porter landed a tryout with the money-management firm of A.W. Those companies, Staley wrote, are “where management does not own much stock, where management is not realistic and forthright about their business, and where the company itself is leveraged or has a fatal balance-sheet flaw.”. Alex Porter, who worked at the first hedge fund, A. W. Jones & Co., and later ran his own successful firm, died April 18. By Alex Barinka, Kiel Porter and Sonali Basak | May 19, 2016. Alex Porter came to Woodberry from his native Charlotte, North Carolina. His hobbies are tracking global financial developments and watching sports. })(); Check out our cornerstone topics which we update regularly by clicking below. We won’t send you spam. The New York-based hedge fund was established as Porter Management in 1976 by Alex Porter, who passed away in 2014. 3) Alex Porter, founder of hedge fund Porter Olin and a Queens University of Charlotte trustee, will moderate the event, which will include managers from funds such as Levy Harkins, Chilton Investment Co. and Wyper Capital.