Alex Porter, Hedge Fund Pioneer, Dies, Leaving Behind Struggling Amici

A. Alex Porter, a well-known manager in the hedge fund industry, died on April 18th at the age of 75. Porter Management survives today at Amici Capital and its flagship fund generated annualized returns of about 20% during his stewardship.

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.

Hedge fund founding father

Alex Porter joined hedge fund manager A.W. Jones as...