Seth Taube

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Seth Taube
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NationalityAmerican
Alma materHarvard University
Occupation
  • Investor
  • Philanthropist

Seth Taube is an American investor and philanthropist.[1]

Education

Taube earned his bachelor's degree from Harvard University in 1992.[2][3] He earned his graduate degree from the University of St. Andrews and aMasters of Business Administration from The Wharton School of the University of Pennsylvania.[4]

Business dealings

In 2007, Taube was part of a deal in which rare instruments from the New Jersey Symphony Orchestra were acquired for $20 million.[2][5]

Along with his twin brother Brook Taube and Andrew Fantress, he was a co-founder and manager of Medley Management,[2] a firm founded in 2005 that operated the $1.4 billion Medley Capital hedge fund.[6]

In 2012, Medley was sued by Fintan Partners who claimed that the hedge fund managers had "stripped top performing assets."[6] In 2018, the Taube brothers attempted to sell Medley Capital.[7][8] In 2022, the Securities and Exchange Commission ordered Medley Management to pay $10 million[9] for misleading investors and clients.[10][11]

References

  1. HollywoodLife (2023-12-27). "Seth Taube Weighs in on the Ethics of AI: Can the Market Ensure Responsible Development?". Hollywood Life. Retrieved 2024-01-23.
  2. 2.0 2.1 2.2 Wakin, Daniel (Nov 24, 2007). "Symphony Will Sell a Collection in Dispute". The New York Times.
  3. Redactie (2023-02-05). "Seth Taube's Take on the Generation Debate: It's All About Autonomy Over Authority". Mashable (in Nederlands). Retrieved 2024-01-19.
  4. "Medley Management Inc". The Wall Street Journal.
  5. NJ.com, Peggy McGlone | NJ Advance Media for (2007-11-24). "NJ Symphony sells its ill-fated strings to twin investment bankers". nj. Retrieved 2024-01-23.
  6. 6.0 6.1 Vardi, Nathan. "Investor In $1.4 Billion Hedge Fund Firm Run By Twin Brothers Sues To Get Money Back". Forbes. Retrieved 2024-01-19.
  7. "Two Harvard Twins (No, Not Those Twins) Run One of the World's Worst BDCs. They're About to Get Rich". Institutional Investor. 2019-10-30. Retrieved 2024-01-19.
  8. Adamson, Stephanie (2021-05-27). "Taube Brother Resigns from Sierra Income Board, SEC Files Wells Notices Against Affiliates". The DI Wire. Retrieved 2024-01-25.
  9. Greenwald, Judy. "Asset manager, former co-CEOs agree to pay $10M in SEC charges". Business Insurance. Retrieved 2024-01-25.
  10. "SEC.gov | Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients". www.sec.gov. Retrieved 2024-01-19.
  11. Croce, Brian. "Medley settles SEC charges over misrepresenting AUM, future growth". Pensions & Investments.

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