Bruce McMahan

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David Bruce McMahan is the chief executive officer of convertible securities firm McMahan Securities Co. L.P., as well as President, Manager and owner of a majority of the membership interests in Veritas-Scalable Investment Products Fund LLC.

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[edit] Education and family

McMahan is the son of Richard A. McMahan, the former owner and president of McMahan Furniture, a California-based retail chain now owned by Heilig-Meyers.[1] He graduated from the University of Southern California in 1960, where he was a Phi Kappa Psi, and in 1992 received a Ph.D. in Labor Economics from the Union Institute.[2]

[edit] Businesses and charities

Six years after graduating from USC, McMahan and a group of associates attempted to create their own country by sinking a decommissioned World War II ship 220 miles off the California coastline, then piling on concrete, clay, and garbage. Had the plan succeeded, the resulting island would have been in international waters, outside the jurisdiction of American law. McMahan's group had reportedly planned to corner the market on abalone fishing. However, the plan failed. [3]

McMahan created an international option funds group for Paine Webber, and later became a partner at Bear Stearns. Going independent, he founded McMahan Securities LP, which is the third largest-volume convertible securities firm in the United States.

McMahan is the principal and founder of the Argent Funds Group, an international hedge fund group whose individual funds are based in the United States, the Cayman Islands, the United Kingdom, and Dubai. The latter is significant in that it is the first instance in which a hedge fund institution has been licensed to operate in the United Arab Emirates. Specifically, in the UAE, Argent operates the Constans Crescent Investment Fund, which brokers international investment in corporate opportunities in the countries of the Gulf Cooperation Council, Levant, North Africa, Turkey and Pakistan.[4]

McMahan is the founder of the National Cristina Foundation, a non-profit organization which handles donations of computer equipment to charitable institutions. The Foundation is named after his daughter Cristina, who has cerebral palsy.[5] McMahan is also the Chairman of the McMahan Center-Abilities Activists, a Bermuda-based charity with various international projects directed at the disabled.[6]

[edit] Notes

  1. ^ Heilig-Meyers Company. The Gale Group. Retrieved on 2007-03-08.
  2. ^ McMahan Securities Co. L.P.. Retrieved on 30 December 2006.
  3. ^ Kelly Cramer. "Daddy's Girl", Broward-Palm Beach New Times, September 28, 2006. Retrieved on 2006-12-30.  The same article appeared in the Village Voice.
  4. ^ "First Hedge Fund to be domiciled in DIFC", AME Info, March 4, 2006. Retrieved on 2007-02-13. 
  5. ^ NPO Spotlight: National Cristina Foundation. Philanthropy News Digest. Retrieved on 2007-01-27.
  6. ^ From the Chairman. McMahan Center. Retrieved on 2007-01-27.

[edit] External links