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Monday, January 28, 2013

Lord Abbett's Raging Bull Dies

News summary by MFWire's editors

Jack McCarthy, a former Lord Abbett PM who worked at the firm for 32 years, died at age 85 after a "short illness," on Jan. 23, according to an obituary published in Bloomberg.

The World War II veteran began at the firm as a research analyst in 1960, eventually becoming CIO and the co-managing partner. He also PMed the Affiliated Fund.

“He was known as a great optimist, a raging bull, a contrarian, always looking for outward signs of change in the markets,” said his son Stephen McCarthy, a senior vice president at KCG Capital Advisors.

Lord Abbett placed an obituary in the New York Times last week.

For more details about McCarthy's life, check out the original article.  

Edited by: Ben Geier


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