As Founder Retires, GGHC Ends 2017 On High Note, Aided By Mega Telecom Bidding War

Mark Melin

Published onJanuary 24, 2018

With the average retirement portfolio returning 48.6% in 2017, up 10.6% in the fourth quarter alone, after 50 years, Richard Gilder is leaving the firm he founded, Gilder Gagnon Howe & Company (GGHC), on a high note. The man known to slip a $50 bill to employees working in the building as he was leaving for the day is credited as the one who “defined the art of stock speculation,” according to a GGHC letter to investors reviewed by ValueWalk.

[klarman]

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

As Founder Retires, GGHC Ends 2017 On High Note, Aided By Mega Telecom Bidding War

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