Adam Sender

Adam Sender
Education University of Michigan
Occupation Hedge fund manager, Art collector

Adam Sender is an American hedge fund manager and art collector. He founded Exis Capital Management[1] in 1998.[2] In 2011, his art collection contained 1,000 pieces and was valued at approximately $100 million.[3]

Career

Sender graduated from the University of Michigan with a Bachelor of Arts in history.[2] He began trading stocks as a student.[3] In 1993, he co-founded Argo Explorer, L.P.[2] After college, Sender worked for S.A.C. Capital Advisors.[4] In 1998,[2] he founded his own hedge fund, which would become Exis Capital Management.[4][5] In 2006, Exis had $173 million in assets under management.[6] The company gained 15 percent in 2008.[7] Sender closed his firm in 2014.[8] Sender is on the board of advisors for the non-profit cellular agriculture organization, New Harvest.[9]

Art

Sender's art collection includes core works from Urs Fischer, Keith Haring, and Cindy Sherman.[10] He began collecting in 1998 with Todd Levin as curator.[2] Sarah Aibel joined the collection in 2006. Aibel took over as curator in 2008. Sender loans his work to museums including the Solomon R. Guggenheim Museum in New York, the Los Angeles County Museum of Art, the Museum of Modern Art, and the Beyeler Foundation in Switzerland, among others.[11][12] Portions of the collection were sold in auctions in 2006 and 2014.[13] He is a founding partner of the Parrish Trustees for the Parrish Art Museum.[14][15] Sender has served on the Business Committee of the Metropolitan Museum of Art.[16]

Sender's home and office served as displays for Sender's collection. Den (Villa D'Este) by Elizabeth Peyton was featured in the entrance of the Exis office, and Edward Ruscha's black and white painting "Let's Be Realistic" hung outside the trading room. Other pieces in the office included a Kara Walker mural, a pink and green neon sculpture by Dan Flavin, and "The Activists" by John Currin.[11] In 2015, Sender joined the Board of Directors for the Museum of Contemporary Art.[17]

"Home Alone"

Part of the collection went on display at the Art Basel Miami Beach event in 2011.[10][18] The showing, "Home Alone," was in a home Sender owned in Miami. The art was presented in such a way as to suggest that a family's art collection took over their home.[10] Eighty-five pieces[18] were featured in the display including Richard Prince's "Spiritual America"[10] and "Bumped," a photo by Gilbert & George. Twenty-five Raymond Pettibon prints overflowed from a bathroom. Eight Sarah Lucas works took over the master bedroom. Other selections included new works by Rashid Johnson, a floor installation by Jim Lambrie, and vinyl wall text in the kitchen by Lawrence Weiner.[18]

Philanthropy and political activity

Sender has made financial contributions and donated artwork to museums.[1] He supports animal right donating to P.E.T.A.[19] He has made donations to the World Trade Center Memorial Foundation, and to the 9/11 memorial.[20] Sender supported Best Buddies, an organization which promotes employment and leadership development for people with intellectual and developmental disabilities, in their Art and Friendship Auction in Miami in December 2013.[21]

In the summer of 2016, Sender held a fundraiser for Hillary Clinton's 2016 presidential campaign at his home in Sag Harbor, New York.[22]

References

  1. 1 2 "A Collector Changes Course". The New York Times. March 20, 2014. Retrieved October 22, 2015.
  2. 1 2 3 4 5 "Hedge Fund Manager Sender Shows Art Collection, Blasts Fairfax". 99ys. October 26, 2011. Retrieved October 22, 2015.
  3. 1 2 "Exis Capital annualizes 18% since 1998 inception". Opalesque. January 30, 2013. Retrieved October 22, 2015.
  4. 1 2 Juliet Ching (February 3, 2014). "Hedge-Fund Firm Exis Capital to Shut Down". Wall Street Journal.
  5. ↑ Brienne Walsh (November 30, 2011). "In Miami, The Art World Returns to Sender". Interview Magazine. Retrieved October 22, 2015.
  6. ↑ Linda Sandler (March 12, 2007). "Sender's Art Collecting Borrows Hedge-Fund Tactics". Bloomberg. Retrieved October 22, 2015.
  7. ↑ Katya Kazakina (October 20, 2011). "Hedge Fund Manager Sender Shows Art Collection, Blasts Fairfax". Bloomberg. Retrieved October 22, 2015.
  8. ↑ Katya Kazakina (March 21, 2014). "Sender to Sell $70 Million of Art After Closing Exis Fund". Bloomberg. Retrieved October 22, 2015.
  9. ↑ "People: Adam Sender". Retrieved December 6, 2015.
  10. 1 2 3 4 Julie Zeveloff (October 7, 2011). "Hedge Fund Adam Sender's Massive Art Collection Will Be On Display At Art Basel Miami". Business Insider. Retrieved October 22, 2015.
  11. 1 2 Lindsay Pollock (July 1, 2010). "Adam Sender Dresses Up Hedge Fund Rooms With Ruscha, Dan Flavin". Bloomberg. Retrieved October 22, 2015.
  12. ↑ "Untitled #88. 1981". Museum of Modern Art. Retrieved October 22, 2015.
  13. ↑ "Top 5 Wall Street Collectors of Contemporary Art". Larry's List. Retrieved October 22, 2015.
  14. ↑ Matthew Margolis (July 10, 2011). "Parrish Art Museum Hosts Midsummer Party". Patch. Retrieved October 22, 2015.
  15. ↑ Amanda Gordon (July 11, 2011). "Scene Last Night: Adam Sender in Hamptons, Michael Gordon". Bloomberg. Retrieved October 22, 2015.
  16. ↑ "Annual Reports" (PDF). Met Museum. Retrieved October 22, 2015.
  17. ↑ "Board".
  18. 1 2 3 Carly Gaebe (November 29, 2011). "Open House: The Sender Collection Debuts in Miami". Art in America. Retrieved October 22, 2015.
  19. ↑ "Annual Review" (PDF). PETA. 2010. Retrieved October 22, 2015.
  20. ↑ "2011 Year End Update" (PDF). 9/11 Memorial. Retrieved October 22, 2015.
  21. ↑ "Best Buddies Art + Friendship Auction Raises Nearly $1 Million". Best Buddies. December 4, 2013. Retrieved October 22, 2015.
  22. ↑ Chozick, Amy; Martin, Jonathan (September 3, 2016). "Where Has Hillary Clinton Been? Ask the Ultrarich". The New York Times. Retrieved September 5, 2016. For a donation of $2,700, the children (under 16) of donors at an event last month at the Sag Harbor, N.Y., estate of the hedge fund magnate Adam Sender could ask Mrs. Clinton a question.
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