Michael F. Price was a renowned investor, known for founding MFP Partners, a value-investing hedge fund. The cornerstone of its strategy was thorough fundamental analysis and extensive due diligence. They didn’t want to have any unknowns before making investments.
Michael F. Price also founded his family foundation in 1997 aiming to help kids to achieve higher education, and to support the healthcare system.
Michael Price died in 2022, but his foundation is still running, being managed by Charles T. Price. In the last 990 filing from October 2023, the foundation reported a total revenue of $4.89 million. Expenses were at $7.94 million, net income was negative at $3.05 million, and net assets were at a mere $18.5 thousand.
The fund...
