Michael Price
Overview
- Source of Wealth
- investments
- Industry
- Finance & Investments
- Residence
- Organization
- President at MFP Investors Inc.
- Education
- University of Oklahoma (Bachelor of Arts/Science)
- Children
- 4
Assets
- Franklin Resources Inc.6,570,000 shares @ --BEN-US
Biography
Michael Price runs MFP Investors, a New York-based hedge fund with over $1 billion in assets.
Price began his career in finance as a research assistant at Heine Securities in 1975 and bought the company after Michael Heine died in 1988.
Price increased the value of the firm's assets under management to $17 billion before selling it to Franklin Securities for $670 million in 1996.
After the sale, Price stayed on at Franklin Securities as chairman and to manage the mutual funds. He left in 2001.
In 1997, he donated $18 million to his alma mater, the University of Oklahoma, which renamed the business school after him.
About
In 2001, Price donated $25 million to Yeshiva University to fund the 223,000-square-foot Michael F. Price Center for Genetic and Translational Medicine.