Harold B. Ehrlich

Time of Service:

1pm, Thursday

Place of Service:

Independent Jewish Cemetery, Route 144 (Hampton Street) Sag Harbor, New York
Economist, money manager, and financial advisor, Harold Ehrlich died on December 4. He was 89. He is survived by his loving wife, Judith, an author and literary agent; his three devoted daughters, Leslie, Pamela, and Tracy; and four grandchildren. Widely known on Wall Street as "The Professor," he combined a deep academic knowledge of economics with pragmatic investment. Clients and colleagues prized his occasional short Fearless Forecasts, in which his economic analysis usually proved correct despite his oft-expressed qualification: "I reserve the right to be wrong." Informed of his death, Harold's long-time friend, the financial public relations professional, former Wall Street Journal markets writer and editor, Tim Metz, said: "I've never known anyone more knowledgeable about the markets or the economy--or more willing to share his knowledge than Harold Ehrlich." After a brief service in the Navy at the end of World War II, Dr. Ehrlich obtained BA and PhD degrees in economics from Rutgers which retained him as the youngest professor on campus. Later, he taught at the Bernard Baruch School of CUNY. In 1958, he began a long Wall Street career as a senior security analyst at McDonnell & Company, went on to be director of research at Neuberger Berman, then Senior Vice President of Finance at Loeb Rhoades & Co., and then Senior Executive Vice President of Shearson American Express. From 1972 through 1986, he headed Bernstein-Macaulay, which became the major investment management entity of Shearson Lehman Brothers. Under Harold's watch as CEO/CIO, Bernstein- Macaulay's assets under management rose from $350 million to $12 billion. Harold also served as a director of Primerica Corporation and Global Asset Management's U.S. registered funds management entity. From 1990 until the time of his death, he ran Ehrlich Associates, LLC, providing financial advice to J.P. Morgan's funds-of-hedge funds group, J.P. Morgan Alternative Asset Management from 1995 on, and to several wealthy U.S. based families. From 2006 until his death he advised the Investment Committee of the Albert and Mary Lasker Foundation. A Chartered Financial Analyst, he was a long-time member of the New York Society of Security Analysts and a member of the National Association of Business Economists. He was also an active member of the Harmonie and University clubs. In lieu of flowers, donations may be made to the Libby Fund for Lung Research, Weill Medical College, 1300 York Avenue, New York, NY 10065.
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