Harry Rady News

A general downturn in small capitalization stocks was posted last Monday, April 21st, 2009. In addition to smaller, regional banks crude oil prices, metals such as copper, and energy, and materials stocks all helped contribute to the reversal of what had been a six-week steady improvement in stock market results.

The Russell 2000, which is the index of small-capitalization stocks, posted a loss of 26.88 points, which is 5.61%, falling to a value of 240.85.

Improving consistently for the past 6 weeks, the Russell increased value by over 30% since its low at the beginning of March.

Credit markets have not been improving, even with the posted gains in small caps. Corporations just don’t seem to be signaling positive signs.

“Because these earnings haven’t been as bad as feared, it’s just provided an opportunity to put on more shorts. It’s just another head fake,” said Harry Rady of Rady Asset Management.

See the full article here:US Small Caps Close Lower On Slide For Regional Banks

Rebecca Jarvis of the popular CNBC financial news program “Closing Bell” interviewed Harry Rady of Rady Asset Management located in San Diego, California along with Alex Sanchez, the President of the Florida Banker’s association, on March 3, 2009. In wake of the “economic free fall” the U.S. economy has been experiencing, Harry Rady shares his thoughts on what creative action the U.S. government might take in order to boost the economy and help homeowners maintain economic health and security. Rady suggests in this interview that the U.S. government should initiate a 4% mortgage program which he believes will refinance all these “toxic mortgages” off the balance sheets and put between $2,000 and $4,000 into the hands of every homeowner. In response to Rebecca Jarvis’s question of how this action would help increase cash flow to small business in America, Rady responds that in order to get the economy back on its feet we must begin with the housing industry. Hear and see the interview below.

Rady Children’s Hospital and Health Center has been the beneficiary of large volume of funds donated by Ernst and Harry Rady. Not only have the Radys invested much of their funds in supporting the hospital, but they have also invested a large portion of their time and expertise.

The Children’s Hospital was founded in 1954, and it has as its mission “to restore, sustain and enhance the health and developmental potential of children through excellence in care, education, research and advocacy.”

Rady Children’s Hospital and Health Center is the regional pediatric medical center for San Diego, and also Imperial and south Riverside counties. Approximately 100,000 children are provided medical care at its main campus or one of its tweny eight satellite facilities every year.

Harry Rady has been at the forefront of the investment and hedge fund industries for a number of years, serving as CIO (Chief Investment Officer) in a number of companies, across varied fields and financial spheres. There is a lot of information available about Rady’s past achievements as well as his current activities.

Visit Business Week’s site on the internet for some of the information about Harry Rady and the different companies he holds positions in.

Father and son Ernst and Harry Rady were both nominated to serve on the board of Westcorp. For info about this, visit sec.edgar-online.com/westcorp-ca/def-14a-proxy-statement-definitive/2005/03/28/Section4.aspx.

There you will see important information about Harry Rady as follows:

Harry Rady served in the capacity of  director of Westcorp and Western Financial Bank as of 2003. Rady served as Chief Investment Officer (CIO) and Director of American Assets, Inc. from 1996 until the end of November 2004. He also has served as CIO through November 2004, then continuing as a Director of Insurance Company of the West.

Harry Rady holds the position of CEO of Rady Asset Management, a position he assumed in January 2006. Rady also serves in the capacity of Chairman of Investment Committee at the University of California San Diego. Ernest Rady, Rady’s father, donated the tenth largest donation to the Children’s Hospital, as well as a generous sum to the UCSD School of Management, then renamed to the UCSD Rady School of Management. (Harry Rady attended the University of Southern California, going on to receive an MBA from the Marshall School of Business at the university.

Rady Asset Management is an investment management firm that has high net worth investors at its focus. Previously, Rady served as the CIO (Chief Investment Officer) of a Private Investment Conglomerate between 1995 and 2004, specializing in real estate financing and corporate M&A activities in addition to portfolio management.

As the name of this site, HarryRadyNews.com, indicates, all news that appears in any form of the press regarding Harry Rady and his various investment activities will make an immediate appearance here. The place to find the news and views as they happen is here, among the posts that appear on this site.

For the archives and a complete (and soon to be comprehensive) list of all this news items, as well as links to the articles themselves on our site as well as in their original form, visit our Press page.

Harry M. Rady

Current

• CEO at Rady Asset Management
• Chairman of Investment Committee at UCSD Rady School of Management

Past

• Chief Investment Officer at Private Investment Conglomerate

Education

• University of Southern California
• University of Southern California – Marshall School of Business (MBA)