Jack Nash (businessman)

Jack Nash (April 10, 1929 – July 30, 2008) was a German-born American businessman and investor. He served as president of Oppenheimer & Company and foundedThe New York Sun newspaper.

Jack Nash
Born
Jack Nachtgeist

(1929-04-10)April 10, 1929
Berlin, Germany
DiedJuly 30, 2008(2008-07-30) (aged 79)
New York City, New York, U.S.
Resting placeBeth El Cemetery
40.969595 N; 74.049812 W
Alma materCity College of New York
Occupationfinancier
Known forFounding The New York Sun and leading Oppenheimer & Company
Spouse(s)Helen Englander
ChildrenJoshua Nash
Pamela Nash

Early life and education

Born Jack Nachtgeist in Berlin on April 10, 1929, to a Jewish family that fled Nazi Germany[1] before World War II.[2] Nash and his sister were sent to a Swiss boarding school by their parents for their own safety before later immigrating to the United States. There he attended Stuyvesant High School in Manhattan, New York, and graduated from City College of New York in 1953.

Investment career

Nash 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[3] and served as vice chairman of the board of the American Stock Exchange in the late 1970s.

Personal life

Nash married Helen Englander in 1957, sister of billionaire investor Israel Englander. He and his wife donated millions to Jewish and other cultural and social charities. Although not Orthodox himself, Nash served as chairman of the Aleph Society, dedicated to promoting the works of Rabbi Adin Steinsaltz. Helen Nash has authored a line of kosher cookery books. They had two children, Joshua and Pamela, and six grandchildren.[4]

Nash died on July 30, 2008, after a long illness, at Mount Sinai Medical Center.[5]

Legacy and awards

In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with Alfred Jones, Bruce Kovner, David Swensen, George Soros, James Simons, Julian Roberston, Kenneth Griffin, Leon Levy, Louis Bacon, Michael Steinhardt, Paul Tudor Jones, Seth Klarman and Steven A. Cohen.[6]

See also

References

  1. Obituary, Daily Telegraph, 22 September 2008
  2. New York Sun, Jack Nash, A Founder of Odyssey Partners
  3. "Jack Nash, 79, a Founder Of Odyssey Partners and Sun", The New York Sun, 31 July 2008
  4. New York Times: "Paid Notice: Deaths NASH, JACK August 2, 2008
  5. Obituary, The New York Times, 2 August 2008
  6. "Cohen, Simons, 12 Others Enter Hedge Fund Hall". Institutional Investor. Institutional Investor LLC. 23 September 2008. Retrieved 16 June 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.