Manu Daftary is an American

money manager Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified inve ...

who manages the Quaker Strategic Growth Fund. In the ten years from 1997 to 2006, the fund beat the

S&P 500 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and in ...

by an average of nine percent per year.

Career

He began his investment management career at the

University of Southern California The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in ...

in 1985 where he was Assistant Treasurer of Investments. In 1988, he joined Geewax, Terker & Company as a

portfolio manager A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future gr ...

in 1988, where he co-managed the firm's institutional accounts and managed equity

short selling In finance, being short in an asset means investing in such a way that the investor will profit if the market value of the asset falls. This is the opposite of the more common Long (finance), long Position (finance), position, where the inves ...

for the firm's hedge fund assets. While at GT&C, he designed an option overlay program for its institutional accounts. He then worked at Hellman, Jordan Investment Management Company as a senior vice-president/portfolio manager, and had lead responsibility for $500 million in institutional assets. There, he also participated in the management of $150 million in hedge fund assets. Daftary started his own investment firm in 1996, DG Capital Management, of which he is president and CEO

Education

Daftary has a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

in economics from the

University of Mumbai University of Mumbai is a public state university in Mumbai. It is one of the largest university systems in the world with over 549,000 students on its campuses and affiliated colleges. , the university had 711 affiliated colleges. It was est ...

, India. He is also a graduate of

California State University, Long Beach California State University, Long Beach (CSULB), also known in athletics as Long Beach State University (LBSU), is a public teaching-focused institution in Long Beach, California, United States. The 322-acre campus is the second largest in the ...

., where he received both a

Bachelor of Science A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...

and

Master of Business Administration A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular ...

. He is a holder of the

chartered financial analyst The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the US-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and financia ...

credential.

References

{{DEFAULTSORT:Daftary, Manu Year of birth missing (living people) Living people Indian emigrants to the United States California State University, Long Beach alumni University of Mumbai alumni University of Southern California staff American money managers American Jains CFA charterholders American people of Indian descent