Penn is head of equity sales and trading at Pershing, the clearing and trading arm of Bank of New York Mellon. He is responsible for sales and trading in products ranging from domestic stocks and options to international equities and foreign exchange. Penn also manages the trading areas that service the firm’s registered investment advisors clients. The firm’s NYSE and London trading operations are also under his direction.
Price led the marketing strategy that established Fairview’s core group of institutional investors, which today includes foundations, endowments, and corporate and public pension funds. As such, she has helped Fairview grow to No. 1 on the BE Private Equity firms list with $3.1 billion in capital under management. Price and her partners have committed more than $2.5 billion in capital to more than 100 equity partnerships.
From 1996 to 2010, Profit has grown the firm from $300,000 to more than $2 billion in assets under management, earning the No. 15 spot on the BE Asset Managers list. He oversees overall management of the firm’s operations and client portfolios. Profit’s well-known investment style is to find undervalued or mispriced growth stocks. The flagship product, the Profit Large Cap Equity Composite, has performed competitively benchmarked to the Russell 1000 Growth Index.
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