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Photo of Edward I. Lefferman, CFA

Contact

  • T: 212.756.3423
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Portfolio Assistants

  • Maya Beatty
  • 212.756.3234

Edward I. Lefferman, CFA

Managing Director, Portfolio Manager

45+

Years of
Experience

36+

Years at First
Manhattan Co.

Edward Lefferman is a Managing Director and Portfolio Manager with more than 40 years of investment research and investment management experience. He joined First Manhattan Co. in 1984 as an Analyst focused on the oil and gas and metals industries.

Ed holds a BS from Boston University and is a CFA charterholder.

Portfolio construction and management

Ed favors diversified portfolios with total concentrated holdings of approximately 30 – 35 positions. When constructing a portfolio for a client, he:

  • Buys asset-light companies where free cash flow amounts to 100% or more of net income.
  • Seeks to buy hard assets at meaningful discount to replacement value.
  • Places an emphasis on patient, long-term holdings in order to maximize tax efficiency.
  • Looks for companies where management has significant ownership.

Portfolio Assistants

  • Maya Beatty
  • 212.756.3234