Our team possesses a high level of commitment and willingness to buck the status quo. We are successful because of our creativity, specialized knowledge in value investments, and innovative breakthroughs.
Chairman Gary Podell
Gary Podell, a licensed attorney who specialized in Real Estate Tax and Appraisal Litigation now serves as our Chairman. Gary is also the founding partner of several companies including:
- Legal Recovery Associates which became one of the nation’s largest tort action firms by number of clients and has secured multiple rounds of institutional funding.
- Cash in Your Case offers healthcare providers specialty financing options and has secured a $50 million line.
- Churchill Real Estate Holdings is a vertically integrated real estate firm established in 2014 that has successfully invested over $1 billion focusing on well-located, downside-protected real estate and transactions with risk-mitigated capital structures.
- Vintage Real Estate Services is a real estate management service company that specializes in condominium and cooperatives and currently has 1,500 residential apartment units under management.
During his tenure at Vintage Group LLC, Gary oversaw the acquisition and redevelopment of over 3,000 rent-regulated apartment units throughout greater New York. Gary remains a principal at Vintage.
In addition, Gary partnered with Metropolitan Realty Group LLC in the acquisition and development of a unique portfolio of approximately 2,000 units across numerous affordable housing projects. And Gary and his real estate partners aggregated a portfolio that currently exceeds over $500 million in equity value.
CIO Kenneth Orr
CEO, CIO. Series 65 Uniform Investment Advisor Law Exam
KORR founder Kenneth Orr has initiated numerous constructivist investments, all of which outperformed the markets, proved profitable, and provided him with specific skills and knowledge that can only be gained through experience.
In 1988, Kenny joined the family-owned commodities trading firm North American Agriculture Inc., and its sister company, Jake’s Products. Kenny’s roles included sourcing and buying and selling physical commodities both domestically and internationally. Kenny opened trade with the former Soviet Union and became one of the country’s largest suppliers of cocoa beans.
Kenny also led the acquisition of Jackson and Johnson, a leading ICC carrier in the northeastern United States, and the sale of significant assets to the Minnesota Corn Processors cooperative. During Kenny’s five-year tenure, company sales increased by 600 percent and the staff grew to 320 employees. After becoming a shareholder in both companies, Kenny sold his interests in late 1993.
In 1994, Kenny acquired Herold Securities, changed its name to First Cambridge Securities and established offices in Los Angeles and New York. As CEO, Kenny grew the firm to over 400 employees servicing more than 15,000 clients. The firm quickly became one of Bear Stearns’ largest correspondents for clearing. First Cambridge Securities served as underwriter, syndicate member, or placement agent in billions of dollars’ worth of IPOs, private placements, or secondary offerings. FCS also maintained a proprietary trading desk, fixed income department, and research department. FCS co-underwriters and syndicate members included:
- Starr Securities
- Fagenson & Co
- Merrill Lynch
- Bear Stearns
- Rauscher Pierce
Notable FCS investments and underwritings included RentWay, which sold to Rent-A-Center in 2003, and Ivax Corporation, which was sold to Teva in 2005 creating the largest generic drug provider on the globe.
After selling First Cambridge Securities in 1997, Kenny founded Triumph, an investment firm that focused on micro to small public and private companies that showed promise in technology, oil and gas, biotech, and healthcare.
Recently, Kenny Orr identified a $1.5 billion takeover target for a KORR client and introduced a strategic partner and funding source to help shore our client’s bid.
Education and Awards
Kenny is a graduate of Tufts University (’88 – Bachelor of Science), Columbia Business School (Value Investing) and completed case studies from the Harvard Business School Executive Education Program with a Concentration in Valuation and Strategic Acquisitions.
In 1999, Kenny was honored with the Albert Einstein Award for “Outstanding Achievement in High Tech” which recognizes leaders in the advancement of emerging technology.
Kenny belongs to Tufts Financial Group and Hedge Fund Professionals.
Head of Operations George Lui
George has been involved in the financial industry since before graduating from the University of Michigan in 2003. While at the university, George designed and implemented processes for UM-ITCS that increased productivity by 50%. Prior to KORR, George was head of operations for a New York-based esoteric debt firm and ran operations at a New York-based hedge fund whose assets grew more than three-fold during his tenure.
Analyst Lawrence Louie
Lawrence Louie is an analyst at KORR. Prior to joining our team, Lawrence held an analytical position at a New York-based esoteric debt firm. Lawrence graduated from Stony Brook University in 2005.
Administrator Jennifer Guarino
Jennifer joined KORR from an active administration role at a New York-based hedge fund. Jennifer has over 15 years of experience as an administrator.