Profil
Mr. Hershey is the founder, principal shareholder, Chairman, and President of Landis Associates LLC, as well as Chairman, President, and Trustee of The Henlopen Fund.
He also functions as the Chief Investment Officer for Landis.
Mr. Hershey began his career in the investment business more than thirty-five years ago, working for Wilmington-based broker, Laird & Co., Inc. and Wertheim & Co., Inc. He originally established Landis Associates as a sole proprietorship in 1975 to manage certain private portfolio and trust accounts for members of the duPont family.
In 1982, he co-founded Kalmar Investments, serving as President until 1986 when he incorporated Landis Associates LLC.
Mr. Hershey organized The Henlopen Fund, for which Landis is the Advisor, in 1992.
Mr. Hershey was educated at St. Paul's School and Princeton University.
He serves on the boards of a number of charitable organizations.
Anciens postes connus de Michael L. Hershey
| Sociétés | Poste | Fin |
|---|---|---|
Landis Associates LLC
Landis Associates LLC Investment ManagersFinance Landis is a small-cap investor that seeks to identify dynamic market-leading companies demonstrating healthy growth, strong management and highly competitive products. Their stock selection process focuses on identifying companies that appear to have an extra edge in growth potential because of a special catalyst. Catalysts may include technological developments, changes in the marketplace, new management, new or unusually competitive products or other such factors. The firm's bottom-up process begins with the generation of ideas from a variety of sources including Landis' screenings of earnings reports, financial ratios and stock market behavior. Preliminary evaluation of possible investment opportunities measures the validity of the thesis that generated the idea and weighs the potential rewards against the downside risks. Companies meeting these preliminary tests are then subjected to more research and analysis. In addition to a fundamental review of a firm's financial strength and cash flow, emphasis is placed on assuring that it has strong management and market leading products. The objective is to fully understand the company including its products, its strategies, and its dynamics. Landis' research includes interviewing management and talking with well-informed industry, trade and analytical contacts. | Directeur Financier/CFO | 14/10/2005 |
Kalmar Investments, Inc.
Kalmar Investments, Inc. Investment ManagersFinance Kalmar Investments' focuses on discretionary management of long-only, separately managed equity portfolios for the firm’s clients. The firm manages client investment portfolios in a growth company investment style that the firm refers to as “Growth-with-Value”. This investment style is offered in three distinct investment offerings/strategies: Small Cap, SMid Cap, and Mid Cap portfolios. Portfolios are well diversified and are predominantly comprised of U.S. based businesses whose common stocks are actively traded on public exchanges in the U.S. Kalmar's investment strategies are driven primarily by their proprietary bottom-up, fundamental investment approach. This research seeks to identify: (1) good businesses that are expected to improve the quality of their business characteristics; (2) business that are expected to sustain future revenue and earnings growth rates over the next two years or more that are substantially greater than the broad rate of economic growth; and (3) businesses that have stocks trading at valuation levels that Kalmar believes can expand over a two-year or longer investment horizon if the business value of the enterprise grows as expected. | Corporate Officer/Principal | 01/01/1992 |
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
Relations au 1er degré
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
| Entreprise privées | 2 |
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Kalmar Investments, Inc.
Kalmar Investments, Inc. Investment ManagersFinance Kalmar Investments' focuses on discretionary management of long-only, separately managed equity portfolios for the firm’s clients. The firm manages client investment portfolios in a growth company investment style that the firm refers to as “Growth-with-Value”. This investment style is offered in three distinct investment offerings/strategies: Small Cap, SMid Cap, and Mid Cap portfolios. Portfolios are well diversified and are predominantly comprised of U.S. based businesses whose common stocks are actively traded on public exchanges in the U.S. Kalmar's investment strategies are driven primarily by their proprietary bottom-up, fundamental investment approach. This research seeks to identify: (1) good businesses that are expected to improve the quality of their business characteristics; (2) business that are expected to sustain future revenue and earnings growth rates over the next two years or more that are substantially greater than the broad rate of economic growth; and (3) businesses that have stocks trading at valuation levels that Kalmar believes can expand over a two-year or longer investment horizon if the business value of the enterprise grows as expected. | Finance |
Landis Associates LLC
Landis Associates LLC Investment ManagersFinance Landis is a small-cap investor that seeks to identify dynamic market-leading companies demonstrating healthy growth, strong management and highly competitive products. Their stock selection process focuses on identifying companies that appear to have an extra edge in growth potential because of a special catalyst. Catalysts may include technological developments, changes in the marketplace, new management, new or unusually competitive products or other such factors. The firm's bottom-up process begins with the generation of ideas from a variety of sources including Landis' screenings of earnings reports, financial ratios and stock market behavior. Preliminary evaluation of possible investment opportunities measures the validity of the thesis that generated the idea and weighs the potential rewards against the downside risks. Companies meeting these preliminary tests are then subjected to more research and analysis. In addition to a fundamental review of a firm's financial strength and cash flow, emphasis is placed on assuring that it has strong management and market leading products. The objective is to fully understand the company including its products, its strategies, and its dynamics. Landis' research includes interviewing management and talking with well-informed industry, trade and analytical contacts. | Finance |
















