Charles Cavanaugh, Adam Posnack, Stanley Ross: Obits This WeekSteven Gittelson
This week’s notable deaths included a fund manager who worked for the company founded by investor Shelby M.C. Davis; a managing director and convertible bonds chief at a U.S. investment bank; and a British trader who changed the economics of the Eurobond market. Below are summaries of these and other obituaries from the past week.
Charles Cavanaugh, 39, worked as a fund manager, trader and analyst at Davis Selected Advisers LP in New York from 2001 to 2012. He spent his last five years co-managing the Davis Financial Fund, the second-largest mutual fund run by the Tucson, Arizona-based company. Died July 15 of cancer at his home in San Antonio.
Adam Posnack, 47, was managing director and head of convertible bond sales in New York for FBR & Co., based in Arlington, Virginia. Other firms he worked at included Jefferies & Co. in Stamford, Connecticut; Frankfurt-based Deutsche Bank AG; and Zurich-based UBS AG. Died July 29 in New City, New York.
Stanley Ross, 83, was a London-based trader who revolutionized the pricing of Eurobonds. While working for New York-based Kidder, Peabody & Co. in the late 1970s, he played a key role in breaking the information monopoly that underwriters enjoyed in the pricing of new bonds. Died July 23 at his home in Dunfold, England.
Theodore Van Kirk, 93, was the navigator and last surviving crew member of the “Enola Gay,” the airplane that dropped the atomic bomb on Hiroshima in 1945. The bomb, dubbed “Little Boy,” killed about 140,000 people, ushering in the nuclear age and hastening the end of World War II. Died July 28 at his home in Stone Mountain, Georgia.