Ex-Levy Forecast Chief, Hedge Fund Manager Dies

Oct 9 2012 | 10:35am ET

Economics prognosticator and former hedge fund manager Jay Levy has died at the age of 90.

Levy was best known as the publisher of the Levy Forecast, the 63-year-old economic analysis newsletter founded by his father, Jerome, and now run by his son, David. But he and his son also dabbled in hedge funds, launching their Levy Forecast Fund in 2004.

David Levy said the move came due to their conviction that the next recession would push interest rates to near zero. Their "being extremely confident" paid off, and the Levy fund returned some 500% to investors over its five-year lifespan.

Levy also made news by predicting the housing crisis, writing in 2005 that "the next recession will be caused by the deflating housing bubble." But unlike with the dot-com bust, "this time… the financial sector will be much more exposed."

Levy, whose first name was S, died on Oct. 4 in Mount Kisco, N.Y., of pneumonia. He had been ailing for several years and had suffered a series of mini-strokes. The New York City native lost his wife of 63 years, Barbara, in March, and is survived by his children Ann and Joshua, in addition to David.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.