Eugene Brody

BRODY-- Eugene David, of Sag Harbor and New York City, died peacefully of pancreatic cancer on Sunday, August 2 at Southampton Hospital. He was 78. After receiving his B.S. from the Wharton School of Finance, he was proud to serve in the U.S. Navy as a gunnery officer on the USS Ross during the Korean War. He began his Wall Street career as a broker at Eastman Dillon, Union Securities in 1956, but the innovations in his 1963 M.B.A. thesis for New York University, titled "Options in Institutional Portfolios," redirected his investment philosophy. He founded E. D. Brody & Co., which became one of the largest volume option writers on Wall Street during the 1960s. The limited partner of the firm was A.W. Jones & Co., the original "hedge fund," where he became a general partner. In 1970 he became CEO of Founders Mutual Depositor Corporation, an investment advisor. After that he was a vice president of Oppenheimer & Co., Inc., and in the early 1980s became president of Oppenheimer Capital Futures Management and a managing director of Oppenheimer Capital until his retirement in 1996. He was the author of Odds-On Investing (1978), a financial columnist in the New York Post and publisher of The Print Collector's Newsletter from 1971 to 1996. In recent years, he ran Picanet Partners, L.P., and served on the board of the Manhattan Institute. He loved sailing, skiing, squash, tennis, bridge and his family most of all. Loving husband of Jacqueline Brody, father of Jessica Nagy of Fort Washington, PA and Leslie Brody of Montclair, NJ, and grandfather of Summer, Devon, Lee and Alexander. There are no plans for a memorial service at this time.