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 & CIO Kenneth Orr
CIO. Series 65 Uniform Investment Advisor Law Exam
KORR founder, Kenneth Orr, has initiated numerous activist investments, all of which have outperformed the markets, proved profitable, and have provided Ken with specific skills and knowledge that can only be gained through experience.
Mr. Orr’s campaigns in the past have included, Surge Components (resulted in a merger), NuHorizons, Inc. (resulted in a sale to Arrow), Calton Homes (resulted in a special dividend).
Since founding KORR, Mr. Orr has been an activist in Sanderson Farms (buybacks), The Andersons (takeover bid by a partner for $1.5 billion), Rocky Brands (divestiture), Skull Candy (sale) and Medallion Financial (de-consolidating a trust and issuing unsecured notes).
Mr. Orr acquired Herold Securities in 1994 and renamed the firm First Cambridge Securities. FCS established offices in New York City and Los Angeles. As Chief Executive Officer, Kenny built the firm to over 400 employees with more than 15,000 clients. Clearing through Bear Stearns, FCS quickly became one of Bear Stearn’s largest correspondents. FCS was an underwriter, syndicate member and/or placement agent in billions of dollars’ worth of IPOs, secondary offerings and private placements. In addition to brokerage services, FCS maintained a proprietary trading desk, fixed income department and
a research department. Co-underwriters and/or syndicate members of FCS included Starr securities, Fagenson & Co., Merrill Lynch, Bear Stearns, Montgomery, and Rausher Pierce. Notable underwritings and/or investment focuses included Rentway, which later sold to Rent-A-Center in 2003, and Ivax Corporation, which sold to Teva in 2005, creating the largest generic drug manufacturer in the world.
Kenneth Orr is a graduate of Tufts University (‘88 – Bachelor of Science), Columbia Business School (Value Investing) and Harvard Business School (Leading with Finance).
“Non-Executive” 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.
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 Yoni Jacobs, CFA and CMT
Yoni Jacobs is an investment analyst at KORR with a focus on equity research and supporting the company’s special purpose limited partnerships and funds. Prior to joining KORR, Yoni’s experience included ten years in Investment Management as a hedge fund analyst, investment strategist, and financial advisor serving high net worth families and institutional accounts.
As an investment strategist and published author, Yoni presented opinion-leading research on stocks, commodities, and the economy, aimed at predicting trends and capitalizing on extreme market mispricings and inefficiencies. He has appeared on and been featured in top media outlets including CNBC, CNN, Fox Business, Business News Network, ABC News, Yahoo Finance, Reuters, Investor’s Business Daily, and other top sources.
As lead CFA Charterholder on one of the most successful teams at Merrill Lynch Wealth Management, Yoni was responsible for portfolio selection and asset allocation for investment portfolios. Yoni graduated with top honors from the Macaulay Honors College at CUNY Queens College with a BBA in Finance and BA in History, and has supplemented his education with coursework at Yale University (financial markets), Duke University (behavioral analysis), and University of Michigan (Python programming).
Yoni is a CFA (Chartered Financial Analyst) and CMT (Chartered Market Technician) charterholder.
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.