Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Oak Value CEO Killed Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 21, 2003

Oak Value CEO Killed

by: Sean Hanna, Editor in Chief

Oak Value Capital Management CEO and Chairman George W. Brumley III died in a plane crash in Kenya this weekend according to news reports. Brumley joined with David R. Carr, Jr. to start managing money in 1986 and the pair went on to found the Durham, North Carolina fund shop in 1990.

Brumley, who was 42 years old, had been on a family tour of Africa and was one of 12 family members and 14 people killed when the group's chartered, twin-engine Fairchild turboprop, crashed into Point Lenana, the third-highest peak on Mount Kenya. The accident took place 16,000 feet up the peak and happened just before sunset Saturday in cloudy weather, according to the Associated Press.

Rescuers were unable to reach the plane on Sunday due to poor weather conditions and difficult terrain and were expected to make another effort today.

Also among those killed were his wife Julia ,their two children George IV and Jordan and his parents Dr. George Brumley II and Jean. Also the plane was Brumley's sister and members of her immediate family, according to the Charlotte Observer.

Brumley and Carr partnered together after attending graduate programs in North Carolina. Brumley earned an MBA at Duke University's Fuqua School of Business and Carr received a Juris Doctor at nearby the University of North Carolina.

The pair followed a value investing style that mimicked that of Warren Buffett. Brumley became a friend of Buffett who was his father's classmate at Columbia University in the 1950s.

Brumley was also an avid hunter and enthusiastic conservationist. He served on the board of the North Carolina state chapter of the Nature Conservancy and was a board member and trustee Treasurer for the Durham Academy. Both his son and daughter were enrolled at the school. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use