Albert Nicholas (CEO)

Albert "Ab" Nicholas (born 1931 in Rockford, Illinois)[1] is the Chairman and CEO as well as the Portfolio Manager of the Nicholas Company, Inc. founded in 1967.,[2] based in Milwaukee. In April 2010, he was one of four inducted into the Wisconsin Business Hall of Fame.[3] According to Bloomberg Markets, "The Nicholas Fund, which he has run since 1969, has topped the Standard & Poor’s 500 Index by an average of 2 percentage points a year for the past 40 years and has beaten it every year since 2008. If you think that doesn’t make a big difference, consider this: A $10,000 investment in the Nicholas Fund in September 1974 was worth about $2 million in September 2014, roughly twice the value of the same investment in the index."[4]

Education

Nicholas earned a Bachelor’s in Economics at the University of Wisconsin–Madison and played guard for the basketball team. He spent two years in the military prior to returning for an M.B.A. in Finance and Investments.[5]

Early career

Nicholas began his career at the Northwestern National Insurance Company, where he worked as an investment analyst. He moved on to Marshall and Ilsley Bank before co-founding Nicholas Company.[6]

Affiliations

He is a member of the Milwaukee Investment Analysts Society, and a Chartered Financial Analyst.[7]

Charitable Work

In March 2015, the Boys & Girls Clubs of Greater Milwaukee announced "that it has received a $2 million donation from longtime donor and trustee Albert "Ab" Nicholas to fund and develop a recreational basketball league within its clubs."[8]

He has also made significant contributions to the Milwaukee War Memorial Center[9] as well as the University of Wisconsin. The donation of $50 million was made "to inspire other donors to create undergraduate and athletic scholarships and graduate fellowships for UW-Madison students. The gift will match, on a dollar-for-dollar basis, other donations made to support scholarship programs. The UW Foundation describes the Nicholas' donation as'the second-largest household gift in the university’s history.'",[10][11] Another contribution to the school endowed a deanship for the University of Wisconsin-Madison Business School which had previously been paid with university funds.[12]

References

  1. ↑ About - AB NICHOLAS SCHOLARSHIP FOUNDATION
  2. ↑ Nicholas Investment Team
  3. ↑ Four inducted into Wis. Business Hall of Fame - Milwaukee - Milwaukee Business Journal
  4. ↑ Fund Manager Ab Nicholas Has Been Beating S&P 500 for 40 Years - Bloomberg
  5. ↑ Nicholas Investment Team
  6. ↑ Nicholas Investment Team
  7. ↑ Nicholas Investment Team
  8. ↑ Ab Nicholas makes $2M gift to Boys & Girls Clubs for youth basketball league - Milwaukee - Milwaukee Business Journal
  9. ↑ War Memorial Center raises $800,000 for veterans courtyard project - Milwaukee - Milwaukee Business Journal
  10. ↑ Ab Nicholas and his wife, Nancy, donate $50M for UW scholarships - Milwaukee - Milwaukee Business Journal
  11. ↑ Money manager Ab Nicholas launching $50 million scholarship program
  12. ↑ Nicholas gift funds UW business deanship - Milwaukee - Milwaukee Business Journal

External links

This article is issued from Wikipedia - version of the Tuesday, April 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.