Delivering Alpha
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Delivering Alpha

Edgar 'Ed' Wachenheim III

Ed Wachenheim, Chairman, CEO and Founder, Greenhaven Associates
Source: Greenhaven Associates

Edgar "Ed" Wachenheim III is founder, CEO and chairman of Greenhaven Associates, a value-oriented investment management firm that manages approximately $7.5 billion. Clients include wealthy families, university endowments and nonprofits. Purchase, New York-based Greenhaven invests with a three- to four-year time horizon and pays almost no attention to short-term or relative performance or to prediction on the near-term direction of the stock market. From 1988–2017, the average annual return of a Greenhaven portfolio had been roughly 19 percent (before fees).

Author of the book, Common Stocks & Common Sense (Wiley – 2016), Wachenheim is vice chairman of the board of Central National-Gottesman, a company with close to $6 billion in revenues that distributes and markets paper around the world; chairman of the board of WNET; a trustee of the Museum of Modern Art; life trustee and former chair of the executive and investment committees of the New York Public Library; trustee emeritus and former vice chair of Skidmore College and trustee emeritus and former board president of Rye Country Day School.

Wachenheim's interests include hiking, tennis, photography, modern art and the management of endowments (have been chair of five investment committees over the years). He has four children and six grandchildren and lives in Rye, New York.