Volume 45, Number 15 · October 8, 1998
Wall Street Blues
By Jeff Madrick, Leon Levy
Leon Levy started his career on Wall Street as a security analyst and became a partner in Oppenheimer & Co., then a small brokerage firm, in 1951. He and his partner, Jack Nash, built the firm into one of the leading brokerage and mutual fund companies in the nation. They sold Oppenheimer in 1982 and formed the investment partnership Odyssey Partners. Odyssey is now being liquidated after producing one of the highest rates of return to investors of any such partnership over more than fifteen years. Levy is currently the chairman of the board of trustees of the Oppenheimer Funds based in New York. He is president of the Institute for Advanced Study in Princeton and also president of the Jerome Levy Institute for Economic Research at Bard College, which he founded in 1986.
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