Shelby M. C. Davis | |
|---|---|
 Davis in 2008 | |
| Born | Shelby Moore Cullom Davis 1937 (age 86–87) |
| Occupation(s) | Businessman, investor, philanthropist |
| Spouse | Gale Davis |
| Parent(s) | Shelby Cullom Davis (father) Kathryn Wasserman Davis (mother) |
Shelby Moore Cullom Davis (born 1937 [1] ) is an American philanthropist and retired investor and money manager.
Born 1937, Davis is the son of money manager Shelby Cullom Davis [2] and Kathryn Wasserman Davis. [3] He is a graduate of Princeton University [4] and began his career at The Bank of New York, [5] where he became the bank's youngest vice president since Alexander Hamilton. [6] [7]
Davis left BNY in 1968 to found an investment management firm that eventually became Davis Selected Advisers, [8] [9] which as of 2021 manages about $37 billion in several funds. [10]
All the Davis funds invest in public equities and have been described as "value stock" funds. Shelby Davis's reputation with such stocks was such that he was called a "legendary fund manager" by the New York Times, [11] a "legend" by Money magazine, [12] "legendary" by Financial Advisor magazine, [13] and a "legendary investor" by Kiplinger's Personal Finance magazine. [7]
Davis is currently married to his second wife, Gale. [5] His first wife, Wendy A. Adams, was the daughter of Boston Bruins Chairman Weston Adams. [4] Davis served for a time as Vice President of the Bruins, and as a result of the team's championship win in 1972, his name is engraved on the Stanley Cup. [14]
In 2012, John Rothchild published a profile of Davis, his father, and his sons, called "The Davis Dynasty: Fifty Years of Successful Investing on Wall Street". [15]
Shelby Davis is noted as an extraordinarily generous philanthropist, especially to educational causes. [16] Among the most significant recipients of his philanthropy are the United World College movement and his own alma mater, Princeton University, [17] of which he served as trustee starting in 2006, [18] and was one of the most generous donors to the university while on the board. [19] His backing of the United World Colleges included his paying for the restoration of the Montezuma Castle on the U.S. campus. [20] [21] He has further supported these schools through the Davis United World College Scholars Program, the Davis-UWC IMPACT Challenge and the Davis-UWC Dare to Dream Program. [22] Through the Davis United World College Scholars Program, Davis has provided scholarships for over 10,000 students at colleges and universities around the world. [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [ excessive citations ]
Davis and his wife also support environmental and regional charities, including in Maine, Wyoming, Florida, and Utah. [6]
Davis explained his philanthropic efforts by saying "I believe education creates possibilities. It's always about young people and their futures, and we all realize that with education, young people have more possibilities than without it. I am investing in UWC students, in particular, because I believe they are getting a special brand of education at UWC schools. They tell me this, over and over in their letters and when I meet them. Their teachers and professors tell me this, too". [33]
The United World Colleges (UWC) is an international network of schools and educational programmes with the shared aim of "making education a force to unite people, nations and cultures for peace and a sustainable future." The organization was founded on the principles of German educator Kurt Hahn in 1962 to promote intercultural understanding.
Lester B. Pearson United World College of the Pacific is one of eighteen schools and colleges around the world in the United World Colleges movement, located on Vancouver Island, Canada. It is named after the late Canadian Prime Minister Lester Bowles Pearson, winner of the 1957 Nobel Peace Prize, and an early champion of the college. The mission of the UWC movement and of the school is to "make education a force to unite people, nations and cultures for peace and a sustainable future".
UWC Atlantic is an independent boarding school in the Vale of Glamorgan in south Wales. Founded in 1962, it was the first of the United World Colleges and was among the first educational institutions in the world to follow an international curriculum; it helped create the International Baccalaureate Diploma Programme in the 1960s.
Sir John Marks Templeton was an American-born British investor, banker, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund, which averaged growth over 15% per year for 38 years. A pioneer of emerging market investing in the 1960s, Money magazine named him "arguably the greatest global stock picker of the century" in 1999.
The school UWC Red Cross Nordic, formerly known as Red Cross Nordic United World College, was founded in 1995, located in Norway. It is the ninth member of the today 18 United World Colleges, others having been established in Wales, Canada, Hong Kong, Italy, India, Singapore, Swaziland, United States, Costa Rica, the Netherlands, Bosnia & Herzegovina, Germany, Armenia, China, Thailand, Japan, and Tanzania. Patrons of the college and the movement include Nelson Mandela, Queen Noor of Jordan and Queen Sonja of Norway. The first college, UWC Atlantic College, was established by the German educationalist Kurt Hahn to promote international understanding and peace. Students are selected by UWC National Committees or selection contacts in over 150 countries on merit and many receive full scholarships. After the two-year education following the guidelines of the International Baccalaureate Diploma Program students usually go on to higher education. UWC students are eligible to participate in the Shelby Davis Scholarship program, which funds undergraduate studies for UWC students at many US universities. The school is led by the Rektor, Pelham Lindfield Roberts, Deputy Rektor, Natasha Lambert and the Board of Governors, currently chaired by Elizabeth Sellevold.
Peter Lynch is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under management increased from US$18 million to $14 billion.
The United World College of the Adriatic is an international school in Italy, and a member of the United World Colleges, a global educational movement that brings together students from all over the world with the aim to foster peace and international understanding. The college is attended by around 180 students aged between 16 and 19, from around 80 countries, who live at the college for two years and study for the International Baccalaureate Diploma Programme.
Leon Levy was an American investor, mutual fund manager, and philanthropist. At his death, Forbes magazine called him “a Wall Street investment genius,” who helped create both mutual funds and hedge funds.
The Carnegie Corporation of New York is a philanthropic fund established by Andrew Carnegie in 1911 to support education programs across the United States, and later the world.
The United World College, USA (UWC-USA), officially the Armand Hammer United World College of the American West, is a United World College school in San Miguel County, New Mexico, United States. It was founded in 1982, with financial support from businessman Armand Hammer.
Bruce Stanley Kovner is an American billionaire hedge fund manager and philanthropist. He is chairman of CAM Capital, which he established in January 2012 to manage his investment, trading and business activities. From 1983 through 2011, Kovner was founder and chairman of Caxton Associates, a diversified trading company. As of April 2024, his net worth was estimated at US$7.7 billion.
James Harris Simons was an American hedge fund manager, investor, mathematician, and philanthropist. At the time of his death, Simons's net worth was estimated to be $31.4 billion, making him the 51st-richest person in the world. He was the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are known to be quantitative investors, using mathematical models and algorithms to make investment gains from market inefficiencies. Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons was described as the "greatest investor on Wall Street," and more specifically "the most successful hedge fund manager of all time".
The Montezuma Castle is a 90,000-square-foot (8,400 m2), 400 room Queen Anne style hotel building erected just northwest of the city of Las Vegas, New Mexico in 1886. The current castle is actually the third on the site, the first two were the first buildings in New Mexico to have electric lighting, and they both burned down.
The College of Insurance (TCI) was a specialized accredited college, started by insurance industry leaders in 1901 as an insurance library society, the Insurance Society of New York (ISNY). The Insurance Society of New York initially provided study space and material to young people entering the insurance industry, and served as a site for insurance lectures. Over the years, ISNY developed a curriculum based upon these lectures. The curriculum ultimately led to the creation of The School of Insurance, followed by The College of Insurance.
Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors, an investment firm headquartered in Rye, New York. Forbes Magazine listed him as #1725 in December 2023 on the list of Billionaires, with a net worth of $1.7 billion US dollars. On January 10, 2000, Gabelli was inducted into the "Barron's All Century Team," their list of the most influential mutual fund industry portfolio managers. Mr. Gabelli was named an honorary member of Local 6 and the Hotel Trades Council in December 2019 and formally inducted into the Horatio Alger Association of Distinguished Americans on April 2–4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C.
International House New York, also known as I-House, is a private, independent, non-profit residence and program center for postgraduate students, research scholars, trainees, and interns, located at 500 Riverside Drive in Morningside Heights, Manhattan, New York City.
The Davis United World College Scholars Program is the world’s largest privately funded international scholarship program. It awards need-based scholarship funding, aka the Shelby Davis Scholarship, to graduates of schools and colleges in the United World Colleges (UWC) movement to study at 99 select partner universities in the United States.
Shelby Cullom Davis was an American businessman, investor, and philanthropist. In 1947, he founded Shelby Cullom Davis & Company, which became a leading investment firm. He later served as U.S. ambassador to Switzerland under Presidents Richard Nixon and Gerald Ford. Originally from Peoria, Illinois, Davis' uncle was Shelby Moore Cullom, who served in the U.S Senate for 30 years and introduced the legislation to create the Interstate Commerce Commission.
Kathryn Wasserman Davis was an American investor, painter, philanthropist, and political activist. She was a longtime promoter of women's rights and planning parenthood. She was committed to engaging local communities, particularly regarding the environment on the Hudson River and Maine coast, and also concerned with access to high-quality education. At the age of 94, she began an artistic adventure, producing more than 200 paintings.
UWC Dilijan College is the 14th member of the United World Colleges movement, one of eighteen colleges around the world, and the first international boarding school in Armenia. The college matriculated its first 96 IB1 students in September 2014. Currently, the school offers IB Diploma years 1 and 2. The school now hosts 227 students and is planning to expand further.