Steven Bregman
Steven is a co-founder, Co-Chief Executive Officer and Co-Chief Investment Officer of Horizon Kinetics. He is a senior member of the Firm’s research team, a member of the Investment Committee and Board of Directors and supervises all research reports produced by the Firm. Steven is a Co-Portfolio Manager for several registered investment companies, private funds, and separately managed accounts. As one of the largest independent research firms, Horizon Kinetics focuses on structurally inefficient market sectors, including domestic spin-offs, global spin-offs (The Spin-Off Report and Global Spin-Off Report), distressed debt (Fixed Income Contrarian) and short sale candidates (Devil’s Advocate), among others. Horizon Kinetics has also taken an interest in creating functionally improved indexes, such as the Spin-Off Indexes and the Wealth Indexes (which incorporate the owner-operator return variable). Steven is also the Co-Chief Executive Officer of FRMO Corp., an affiliated publicly traded company and is a member of the Board of Directors of Winland Holdings Inc., a public company. He received a BA from Hunter College, and his CFA® Charter in 1989. Steven has authored a variety of papers, notably “Spin-offs Revisited: A Review of a Structural Pricing Anomaly” (1996) and “Equity Strategies and Inflation” (2012).