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General American Investors
The General American Investors Company, Inc. () is a closed-end fund that manages a global portfolio of investments, consisting mainly of United States securities, and also some international and private securities. History The General American Investors investment trust was launched in 1927 under the sponsorship of Lazard Frères and Lehman Brothers. In its first year of operation, it earned $1.1 million. In September 1928, Lazard Frères and Lehman Brothers launched a second fund, named the Second General American Investors Company. In August 1928, the two funds merged, to form the current General American Investors Company, with Lazard Frères and Lehman Brothers underwriting the $40 million deal. The early years of the Great Depression were difficult for the fund, but the fund recovered as the 1930s progressed. The fund had assets valued at $15 million in 1932; at $23.1 million in 1933; and $30.1 million in 1935. Assets dropped to $24.7 million in 1937; $30 million in 193 ...
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General American Investors
The General American Investors Company, Inc. () is a closed-end fund that manages a global portfolio of investments, consisting mainly of United States securities, and also some international and private securities. History The General American Investors investment trust was launched in 1927 under the sponsorship of Lazard Frères and Lehman Brothers. In its first year of operation, it earned $1.1 million. In September 1928, Lazard Frères and Lehman Brothers launched a second fund, named the Second General American Investors Company. In August 1928, the two funds merged, to form the current General American Investors Company, with Lazard Frères and Lehman Brothers underwriting the $40 million deal. The early years of the Great Depression were difficult for the fund, but the fund recovered as the 1930s progressed. The fund had assets valued at $15 million in 1932; at $23.1 million in 1933; and $30.1 million in 1935. Assets dropped to $24.7 million in 1937; $30 million in 193 ...
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Arthur Altschul
Arthur Goodhart Altschul (April 6, 1920 – March 17, 2002) was an American banker and a Goldman Sachs Group partner,Paid Notice: Deaths: Altschul, Arthur Goodhart
New York Times
and executive at his private family office, Overbrook Management Corporation, founded by his father.


Early life

Altschul was born in 1920 in Manhattan to Helen Lehman Goodhart (maternal granddaughter of Mayer Lehman, one of the three founding brothers of Lehman brothers) and Frank Altschul.Bernhard, William, L., Birge, June Rossbach Bingham, Loeb, John L., Jr.. '' Lots of Lehmans – The Family of Mayer Lehman of Lehman Brothers, Remembered by His Descendants''. Center For Jewish History, 2007, page 1 He ...
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Financial Services Companies Established In 1927
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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William J
William is a male given name of Germanic origin.Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 276. It became very popular in the English language after the Norman conquest of England in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will, Wills, Willy, Willie, Bill, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie or the play ''Douglas''). Female forms are Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the given name ''Wilhelm'' (cf. Proto-Germanic ᚹᛁᛚᛃᚨᚺᛖᛚᛗᚨᛉ, ''*Wiljahelmaz'' > German ''Wilhelm'' and Old Norse ᚢᛁᛚᛋᛅᚼᛅᛚᛘᛅᛋ, ''Vilhjálmr''). By regular sound changes, the native, inherited English form of the name shoul ...
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Malcolm B
Malcolm, Malcom, Máel Coluim, or Maol Choluim may refer to: People * Malcolm (given name), includes a list of people and fictional characters * Clan Malcolm * Maol Choluim de Innerpeffray, 14th-century bishop-elect of Dunkeld Nobility * Máel Coluim, Earl of Atholl, Mormaer of Atholl between 1153/9 and the 1190s * Máel Coluim, King of Strathclyde, 10th century * Máel Coluim of Moray, Mormaer of Moray 1020–1029 * Máel Coluim (son of the king of the Cumbrians), possible King of Strathclyde or King of Alba around 1054 * Malcolm I of Scotland (died 954), King of Scots * Malcolm II of Scotland, King of Scots from 1005 until his death * Malcolm III of Scotland, King of Scots * Malcolm IV of Scotland, King of Scots * Máel Coluim, Earl of Angus, the fifth attested post 10th-century Mormaer of Angus * Máel Coluim I, Earl of Fife, one of the more obscure Mormaers of Fife * Maol Choluim I, Earl of Lennox, Mormaer * Máel Coluim II, Earl of Fife, Mormaer * Maol Choluim II, Earl of Le ...
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Harry G
Harry may refer to: TV shows * ''Harry'' (American TV series), a 1987 American comedy series starring Alan Arkin * ''Harry'' (British TV series), a 1993 BBC drama that ran for two seasons * ''Harry'' (talk show), a 2016 American daytime talk show hosted by Harry Connick Jr. People and fictional characters * Harry (given name), a list of people and fictional characters with the given name * Harry (surname), a list of people with the surname * Dirty Harry (musician) (born 1982), British rock singer who has also used the stage name Harry * Harry Potter (character), the main protagonist in a Harry Potter fictional series by J. K. Rowling Other uses * Harry (derogatory term), derogatory term used in Norway * ''Harry'' (album), a 1969 album by Harry Nilsson *The tunnel used in the Stalag Luft III escape ("The Great Escape") of World War II * ''Harry'' (newspaper), an underground newspaper in Baltimore, Maryland See also *Harrying (laying waste), may refer to the following historical ...
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Harold F
Hans Hugo Harold Faltermeier (born 5 October 1952) is a German musician, composer and record producer. Faltermeyer is best known for composing the "Axel F" theme for the feature film ''Beverly Hills Cop'', an influential synth-pop hit in the 1980s. He also composed the " ''Top Gun'' Anthem" for the feature film '' Top Gun'' and the music for the Chevy Chase '' Fletch'' feature films, '' Fletch'' and ''Fletch Lives''. The ''Beverly Hills Cop'' and ''Top Gun'' projects earned him two Grammy Awards: the first in 1986 for Best Album of original score written for a motion picture or television special, as a co-writer of the ''Beverly Hills Cop'' soundtrack; and the second in 1987 for Best Pop Instrumental Performance with guitarist Steve Stevens for "''Top Gun'' Anthem" from the ''Top Gun'' soundtrack. As a session musician, arranger and producer, Faltermeyer has worked with numerous international pop stars including Donna Summer, Amanda Lear, Patti LaBelle, Barbra Streisand, G ...
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Spencer Davidson
Spencer may refer to: People *Spencer (surname) **Spencer family, British aristocratic family **List of people with surname Spencer *Spencer (given name), a given name (including a list of people with the name) Places Australia *Spencer, New South Wales, on the Central Coast *Spencer Gulf, one of two inlets on the South Australian coast United States *Spencer, Idaho *Spencer, Indiana *Spencer, Iowa *Spencer, Massachusetts **Spencer (CDP), Massachusetts *Spencer, Missouri *Spencer, Nebraska *Spencer, New York **Spencer (village), New York *Spencer, North Carolina *Spencer, Ohio *Spencer, Oklahoma *Spencer, South Dakota *Spencer, Tennessee *Spencer, Virginia *Spencer, West Virginia *Spencer, Wisconsin **Spencer (town), Wisconsin *Spencer County, Indiana *Spencer County, Kentucky Ireland *Spencer Dock, North Wall, Dublin Arts and entertainment Fictional characters *Spencer, character in ''Beyblade'' *Spencer, character from ''Final Fantasy Mystic Quest'' * Spencer family (''Gen ...
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Lawrence B
Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparatory & high schools * Lawrence Academy at Groton, a preparatory school in Groton, Massachusetts, United States * Lawrence College, Ghora Gali, a high school in Pakistan * Lawrence School, Lovedale, a high school in India * The Lawrence School, Sanawar, a high school in India Research laboratories * Lawrence Berkeley National Laboratory, United States * Lawrence Livermore National Laboratory, United States People * Lawrence (given name), including a list of people with the name * Lawrence (surname), including a list of people with the name * Lawrence (band), an American soul-pop group * Lawrence (judge royal) (died after 1180), Hungarian nobleman, Judge royal 1164–1172 * Lawrence (musician), Lawrence Hayward (born 1961), British musician * ...
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Frank Altschul
Frank Altschul (April 21, 1887 – May 29, 1981) was an American financier at General American Investors Company,Krebs, Albin (May 30, 1981)New York Times: "Frank Altschul, A Banker and Noted Philanthropist."''New York Times''. and founder of the Overbrook Management Corporation. Early life Altschul was born to a Jewish family in San Francisco, the son of Camilla (née Mandlebaum) and Charles Altschul. His father had immigrated to the United States from London in 1877 and was the eighth employee of the San Francisco bank Lazard Freres. In 1901, the Altschul family moved to New York City.Columbia University: "Frank Altschul Papers, 1884-1986 [Bulk: 1925-1980]"
retrieved July 31, 2015 In 1908, Altschul graduated from

Closed-end Fund
A closed-end fund (CEF) is a fund that raises capital by issuing a fixed number of shares which are not redeemable, and then invest that capital in financial assets such as stocks and bonds. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market, which is the original design of the mutual fund, which predates open-end mutual funds but offers the same actively-managed pooled investments. In the United States, closed-end funds sold publicly must be registered under both the Securities Act of 1933 and the Investment Company Act of 1940. Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value (NAV) per share of the investments held by the fund. The price is said to be at a discount or pre ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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