Jack Nash (businessman)
Encyclopedia
Jack Nash was a German-American businessman who was an innovator in hedge fund
s.
with his family when he was 12. He attended Stuyvesant High School
in Manhattan, New York and graduated from City College
in 1953.
He joined Oppenheimer & Company in 1951 and became its president in 1974. He was elected chairman in 1979. In 1982, he and business partner Leon Levy
sold the company for $163 million, investing $50 million to start the hedge fund Odyssey Partners.
Nash was also a founder of The New York Sun and served as vice chairman of the board of the American Stock Exchange
in the late 1970s.
He and his wife, Helen Englander, donated millions to Jewish and other cultural and social charities. They had two children, Joshua and Pamela.
Nash was 79 years old when died on July 30, 2008 at Mount Sinai Medical Center.
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
s.
Biography
Born in Germany on April 10, 1929, he fled Nazi GermanyNazi Germany
Nazi Germany , also known as the Third Reich , but officially called German Reich from 1933 to 1943 and Greater German Reich from 26 June 1943 onward, is the name commonly used to refer to the state of Germany from 1933 to 1945, when it was a totalitarian dictatorship ruled by...
with his family when he was 12. He attended Stuyvesant High School
Stuyvesant High School
Stuyvesant High School , commonly referred to as Stuy , is a New York City public high school that specializes in mathematics and science. The school opened in 1904 on Manhattan's East Side and moved to a new building in Battery Park City in 1992. Stuyvesant is noted for its strong academic...
in Manhattan, New York and graduated from City College
City College of New York
The City College of the City University of New York is a senior college of the City University of New York , in New York City. It is also the oldest of the City University's twenty-three institutions of higher learning...
in 1953.
He joined Oppenheimer & Company in 1951 and became its president in 1974. He was elected chairman in 1979. In 1982, he and business partner Leon Levy
Leon Levy
Leon Levy was, according to Forbes magazine, a "Wall Street investment genius and prolific philanthropist," who helped create both mutual funds and hedge funds. He co-founded the mutual fund manager Oppenheimer & Co. Inc. in 1959. There he started dozens of mutual funds that, at his death, had...
sold the company for $163 million, investing $50 million to start the hedge fund Odyssey Partners.
Nash was also a founder of The New York Sun and served as vice chairman of the board of the American Stock Exchange
American Stock Exchange
NYSE Amex Equities, formerly known as the American Stock Exchange is an American stock exchange situated in New York. AMEX was a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. On January 17, 2008, NYSE Euronext announced it would acquire the...
in the late 1970s.
He and his wife, Helen Englander, donated millions to Jewish and other cultural and social charities. They had two children, Joshua and Pamela.
Nash was 79 years old when died on July 30, 2008 at Mount Sinai Medical Center.