Adam Sender

Last updated
Adam Sender
Education University of Michigan
Occupation Hedge fund manager, Art collector

Adam Sender is an American hedge fund manager and art collector. He founded Exis Capital Management in 1998. [1] [2] In 2011, his art collection contained 1,000 pieces and was valued at approximately $100 million. [3]

Contents

Career

Sender graduated from the University of Michigan with a Bachelor of Arts in history. [2] He began trading stocks as a student. [3] In 1992, he co-founded Argo Explorer, L.P. with Bernie Gartenlaub [2] After college, They ran the Hedge Fund through 1996. Sender worked for S.A.C. Capital Advisors. [4] In 1998, he founded his own hedge fund, which would become Exis Capital Management. [2] [4] [5] In 2006, Exis had $173 million in assets under management. [6] The company gained 15 percent in 2008. [7] Sender closed his firm in 2014. [8] [4] Sender is on the board of advisors for the non-profit cellular agriculture organization, New Harvest. [9]

Art

Sender's art collection includes core works from Urs Fischer, Keith Haring, and Cindy Sherman. [10] He began collecting in 1998 with Todd Levin as curator. [2] Sarah Aibel joined the collection in 2006. Aibel took over as curator in 2008. Sender loans his work to museums including the Solomon R. Guggenheim Museum in New York, the Los Angeles County Museum of Art, the Museum of Modern Art, and the Beyeler Foundation in Switzerland, among others. [11] [12] Portions of the collection were sold in auctions in 2006 and 2014. [13] He is a founding partner of the Parrish Trustees for the Parrish Art Museum. [14] [15] Sender has served on the Business Committee of the Metropolitan Museum of Art. [16]

Sender's home and office served as displays for Sender's collection. Den (Villa D'Este) by Elizabeth Peyton was featured in the entrance of the Exis office, and Edward Ruscha's black and white painting "Let's Be Realistic" hung outside the trading room. Other pieces in the office included a Kara Walker mural, a pink and green neon sculpture by Dan Flavin, and "The Activists" by John Currin. [11] In 2015, Sender joined the Board of Directors for the Museum of Contemporary Art. [17]

"Home Alone"

Part of the collection went on display at the Art Basel Miami Beach event in 2011. [10] [18] The showing, "Home Alone," was in a home Sender owned in Miami. The art was presented in such a way as to suggest that a family's art collection took over their home. [10] Eighty-five pieces were featured in the display including Richard Prince's "Spiritual America" and "Bumped," a photo by Gilbert & George. [10] [18] Twenty-five Raymond Pettibon prints overflowed from a bathroom. Eight Sarah Lucas works took over the master bedroom. Other selections included new works by Rashid Johnson, a floor installation by Jim Lambrie, and vinyl wall text in the kitchen by Lawrence Weiner. [18]

Philanthropy and political activity

Sender has made financial contributions and donated artwork to museums. [1] He supports animal right donating to P.E.T.A. [19] He has made donations to the World Trade Center Memorial Foundation, and to the 9/11 memorial. [20] Sender supported Best Buddies, an organization which promotes employment and leadership development for people with intellectual and developmental disabilities, in their Art and Friendship Auction in Miami in December 2013. [21]

In the summer of 2016, Sender held a fundraiser for Hillary Clinton's 2016 presidential campaign at his home in Sag Harbor, New York. [22]

Related Research Articles

<span class="mw-page-title-main">Dia Art Foundation</span> US nonprofit arts foundation

Dia Art Foundation is a nonprofit organization that initiates, supports, presents, and preserves art projects. It was established in 1974 by Philippa de Menil, the daughter of Houston arts patron Dominique de Menil and an heiress to the Schlumberger oil exploration fortune; art dealer Heiner Friedrich, Philippa's husband; and Helen Winkler, a Houston art historian. Dia provides support to projects "whose nature or scale would preclude other funding sources."

<span class="mw-page-title-main">Edward Ruscha</span> American painter

Edward Joseph Ruscha IV is an American artist associated with the pop art movement. He has worked in the media of painting, printmaking, drawing, photography and film. He is also noted for creating several artist's books. His works is often associated with the Pop Art movement. Ruscha lives and works in Culver City, California.

Steven A. Cohen is an American hedge fund manager and owner of the New York Mets of Major League Baseball. Cohen and the New York Mets finalized a deal on September 14, 2020, to become majority owner, owning roughly 97.2% of the team. He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. Capital Advisors, both based in Stamford, Connecticut.

<span class="mw-page-title-main">Kenneth C. Griffin</span> American billionaire hedge fund manager (born 1968)

Kenneth Cordele Griffin is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also owns Citadel Securities, one of the largest market makers in the U.S.

<span class="mw-page-title-main">Gagosian Gallery</span> Art gallery in Various

Gagosian is a contemporary art gallery owned and directed by Larry Gagosian. The gallery exhibits some of the most influential artists of the 20th and 21st centuries. There are 16 gallery spaces: five in New York City; three in London; two in Paris; one each in Basel, Beverly Hills, Rome, Athens, Geneva and Hong Kong.

<i>Le Rêve</i> (Picasso) 1932 oil painting by Pablo Picasso

Le Rêve is a 1932 oil on canvas painting by Pablo Picasso, then 50 years old, portraying his 22-year-old mistress Marie-Thérèse Walter. It is said to have been painted in one afternoon, on 24 January 1932. It belongs to Picasso's period of distorted depictions, with its oversimplified outlines and contrasted colors resembling early cubism. The erotic content of the painting has been noted repeatedly, with critics pointing out that Picasso painted an erect penis, presumably symbolizing his own, in the upturned face of his model. On 26 March 2013, the painting was sold in a private sale for $155 million, making it one of the most expensive paintings ever sold.

<span class="mw-page-title-main">Pérez Art Museum Miami</span> Art museum in Miami, Florida

The Pérez Art Museum Miami (PAMM)—officially known as the Jorge M. Pérez Art Museum of Miami-Dade County—is a contemporary art museum that relocated in 2013 to the Museum Park in Downtown Miami, Florida. Founded in 1984 as the Center for the Fine Arts, it became known as the Miami Art Museum from 1996 until it was renamed in 2013 upon the opening of its new building designed by Herzog & de Meuron at 1103 Biscayne Boulevard. PAMM, along with the $275 million Phillip and Patricia Frost Museum of Science and a city park which are being built in the area with completion in 2017, is part of the 20-acre Museum Park.

Deste Foundation, Centre for Contemporary Art is an arts foundation in Nea Ionia, a northern suburb of Athens, Greece. Housing the art collection of Greek businessman Dakis Joannou, it organizes exhibitions with the collection and commissions new work by emerging and established international contemporary artists.

<span class="mw-page-title-main">Sheldon Solow</span> American real estate developer (1928–2020)

Sheldon Henry Solow was an American real estate developer and art collector who lived and worked in New York City. As of August 2020, Solow had a net worth of $4.4 billion.

<span class="mw-page-title-main">Acquavella Galleries</span>

Acquavella Galleries is an art gallery located at 18 East 79th Street between Madison and Fifth Avenues in the Upper East Side neighborhood of Manhattan, New York City.

Vladimir Restoin Roitfeld is a French-American businessman and President of CR Fashion Book Ltd., the media company that publishes the namesake biannual style magazine founded by his mother, Carine Roitfeld. He leads business strategy, business development, partnerships, and extensions of the CR Fashion Book brand across publishing, licensing, and consulting, including an international partnership with Hearst Communications Inc. Under his leadership, CRFB has revitalized its companion men's publication, CR MEN, launched its first international edition, CR Fashion Book Japan, and produced special projects, including an annual calendar CR Women. Roitfeld is also President of CR Studio, a creative and production agency that he launched with clients ranging from Christian Dior and Chanel to Yeezy and Philipp Plein.

<i>Sleeping Girl</i> (Lichtenstein) Painting by Roy Lichtenstein

Sleeping Girl is a 1964 oil and Magna on canvas pop art painting by Roy Lichtenstein. It held the record for the highest auction price for a Lichtenstein painting from May 2012 until May 2013.

Nelson Saiers is an American mathematical artist and former hedge fund manager. Before 2014, he worked in finance as a Managing Director at Deutsche Bank AG and as the Chief Investment Officer at Saiers Capital, LLC. In 2014, Saiers left finance to create mathematics-based art.

The year 2014 in art involves various significant events.

Christopher Tsai is a Chinese-American investor and noted art collector. He is the founder of Tsai Capital Corporation, a New York-based investment management firm.

Helly Nahmad is an American art dealer and art collector. In 2000, he founded the Helly Nahmad Gallery in Manhattan, New York, which holds several fine art exhibitions each year featuring artists such as Pablo Picasso, Chaïm Soutine, Francis Bacon, and Giorgio de Chirico.

Steven Andrew Tananbaum is an American hedge fund manager, the founding partner and chief investment officer of GoldenTree Asset Management, which he founded in 2000. In 2018, Bloomberg referred to Tananbaum as "one of Wall Street’s biggest investors in distressed debt."

<i>Boy and Dog in a Johnnypump</i> 1982 painting by Jean-Michel Basquiat

Boy and Dog in a Johnnypump is a painting created by American artist Jean-Michel Basquiat in 1982. The artwork, which depicts a boy with a dog, is among the most expensive paintings ever purchased. It was purchased for over $100 million in 2020, becoming Basquiat's second most expensive painting following Untitled (1982), which was sold for $110.5 million in 2017.

References

  1. 1 2 "A Collector Changes Course". The New York Times. March 20, 2014. Retrieved October 22, 2015.
  2. 1 2 3 4 5 "Hedge Fund Manager Sender Shows Art Collection, Blasts Fairfax". 99ys. October 26, 2011. Retrieved October 22, 2015.[ permanent dead link ]
  3. 1 2 "Exis Capital annualizes 18% since 1998 inception". Opalesque. January 30, 2013. Retrieved October 22, 2015.
  4. 1 2 3 Juliet Chung (3 February 2014). "Hedge-Fund Firm Exis Capital to Shut Down". The Wall Street Journal . ISSN   0099-9660. Wikidata   Q114844635 . Retrieved 2022-10-30.
  5. Brienne Walsh (November 30, 2011). "In Miami, The Art World Returns to Sender". Interview Magazine. Retrieved October 22, 2015.
  6. Linda Sandler (March 12, 2007). "Sender's Art Collecting Borrows Hedge-Fund Tactics". Bloomberg. Retrieved October 22, 2015.
  7. Katya Kazakina (October 20, 2011). "Hedge Fund Manager Sender Shows Art Collection, Blasts Fairfax". Bloomberg. Retrieved October 22, 2015.
  8. Katya Kazakina (March 21, 2014). "Sender to Sell $70 Million of Art After Closing Exis Fund". Bloomberg. Retrieved October 22, 2015.
  9. "People: Adam Sender" . Retrieved December 6, 2015.
  10. 1 2 3 4 Julie Zeveloff (October 7, 2011). "Hedge Fund Adam Sender's Massive Art Collection Will Be On Display At Art Basel Miami". Business Insider. Retrieved October 22, 2015.
  11. 1 2 Lindsay Pollock (July 1, 2010). "Adam Sender Dresses Up Hedge Fund Rooms With Ruscha, Dan Flavin". Bloomberg. Retrieved October 22, 2015.
  12. "Untitled #88. 1981". Museum of Modern Art. Retrieved October 22, 2015.
  13. "Top 5 Wall Street Collectors of Contemporary Art". Larry's List. Retrieved October 22, 2015.
  14. Matthew Margolis (July 10, 2011). "Parrish Art Museum Hosts Midsummer Party". Patch. Retrieved October 22, 2015.
  15. Amanda Gordon (July 11, 2011). "Scene Last Night: Adam Sender in Hamptons, Michael Gordon". Bloomberg. Retrieved October 22, 2015.
  16. "Annual Reports" (PDF). Met Museum. Retrieved October 22, 2015.
  17. "Board".
  18. 1 2 3 Carly Gaebe (November 29, 2011). "Open House: The Sender Collection Debuts in Miami". Art in America. Retrieved October 22, 2015.
  19. "Annual Review" (PDF). PETA. 2010. Retrieved October 22, 2015.
  20. "2011 Year End Update" (PDF). 9/11 Memorial. Retrieved October 22, 2015.
  21. "Best Buddies Art + Friendship Auction Raises Nearly $1 Million". Best Buddies. December 4, 2013. Archived from the original on September 30, 2014. Retrieved October 22, 2015.
  22. Chozick, Amy; Martin, Jonathan (September 3, 2016). "Where Has Hillary Clinton Been? Ask the Ultrarich". The New York Times. Retrieved September 5, 2016. For a donation of $2,700, the children (under 16) of donors at an event last month at the Sag Harbor, N.Y., estate of the hedge fund magnate Adam Sender could ask Mrs. Clinton a question.