Louis Gregory Rice
Louis Gregory Rice - Equity Investment Strategist
Utilizing more than 20 years of financial industry experience, Louis Gregory Rice oversees long/short investment funds at Kellner Capital, LLC, in New York City. As portfolio manager, Louis Gregory Rice directs global equity investments, assesses investment candidates in industries from aerospace to packaging, energy services and shipping.
Prior to Kellner Capital, he served as a senior investment analyst and member of the general partner at Knott Partners, a New York-based alternative asset firm. During his time with the firm, he researched long/short and distressed investments in both domestic and international markets as well as meeting with the firm’s institutional clients and their consultants.
In addition to his professional roles, Mr. Rice has served as co-captain and chair in the annual fund for The Buckley School and Christ Church Day School, respectively. He also supports the Robin Hood Foundation, a nonprofit that funds various organizations that promote educational and financial opportunities in underserved New York neighborhoods.
The Robin Hood Foundation
A portfolio manager at Kellner Capital LLC, Louis Gregory Rice manages the firm’s multi-strategy hedge funds and 40 Act alternative mutual funds. According to public records, Louis Gregory Rice has supported charities, like the Robin Hood Foundation, that improve and enhance the lives of disadvantaged children.
The Robin Hood Foundation, New York City’s largest poverty-fighting organization, creates, finds, and funds schools and programs that produce tangible results in the most disadvantaged of New York’s neighborhoods. Founded in 1988, it supports hundreds of soup kitchens, schools, homeless shelters, job training programs and other vital community support services to give New York’s neediest not only daily sustenance, but also the opportunity to improve their own lives.
The key to Robin Hood’s approach is “effectiveness.” The foundation employs what Fortune Magazine calls venture philanthropy – the application of free-market metrics to philanthropic activities to determine which are producing the desired results. In addition, while it recognizes that the symptoms of poverty, including hunger and homelessness, must be treated, the foundation also works to eradicate poverty’s causes by providing education and job training.
The foundation devotes all contributions it receives to its programs, leaving it to the directors to cover administrative and fundraising expenses. Charity Navigator’s analysis shows that of the foundation’s total expenses, more than 91 percent are program related, with the remaining 9 percent split between administrative and fundraising expenses. The charity ranking organization awarded Robin Hood a score of 99.39 out of 100.
Harlem Children's Zone College Programs
Financial services professional Louis Gregory Rice presently serves as a portfolio manager with Kellner Capital, LLC, in New York. In addition to his work in finance, former colleagues and public records reflect that Louis Gregory Rice enjoys giving back to the community through philanthropy and volunteer work. He helped initiate a program that offered two internships annually to students referred by the Harlem Children’s Zone.
A nonprofit based in New York City, Harlem Children’s Zone works to offer disadvantaged children the individualized support they need to succeed in college and become productive adults. The organization begins working with children in early childhood and supports them through young adulthood.
To prepare children for college, the nonprofit manages two programs: the College Preparatory Program and the College Success Office. The College Preparatory Program works with high schools to provide year-round tutoring, standardized test prep, and assistance with college essays and applications. The program also sponsors college visitations and extracurricular activities that can capture students’ interests and help them to gain confidence. The most unique part of this program is the Academic Case Management approach, through which each child is assigned a Student Advocate, who works closely with the student to help achieve customized academic goals.
Just as important is the College Success Office, which supplies students with the support they’ll need once they enter college. The Office’s goal is to do whatever it takes to help students complete their college educations successfully.
An Employment and Technology Center That Makes a Difference
Public records show Louis Gregory Rice currently serves as a portfolio manager at Kellner Capital LLC in New York, a firm that focuses on alternative mutual funds and multi-strategy hedge funds. Louis Gregory Rice has also supported several nonprofit efforts, including internship grants referred through the Harlem Children's Zone (HCZ).
Beginning in the 1990s with one city block, the HCZ now encompasses 97 blocks. The HCZ has become nationally regarded for its mission of strengthening community ties by educating its children, 881 of which have made it to college. Many high school students pursue this goal through the help of the program’s Employment and Technology Center. Some 350 public high school students benefit from the center, which encourages college attendance by offering hands-on use of computers as well as academic assistance. Students can create artistic expressions in the center's music studio while practicing perseverance and teamwork skills. Other tech activities include video production and robotics, and marketing and creative writing classes enhance computer savvy.
Supporting the students are experienced teacher-artists who convey their enthusiasm via mentoring and small group work. Professional tutors and student advocates also facilitate learning and offer one-to-one guidance. In addition to computer and related instruction, the center provides space for daily exercise. It also walks students through the college visitation and application process.
The Robin Hood Foundation - Addressing New York City Poverty
An experienced equity investment professional, public records show that Louis Gregory Rice has worked with companies such as Lazard Freres and Company, Knott Partners, and Mezzacappa Management, LLC. Most recently a long/short equity portfolio manager with Kellner Capital, LLC, Louis Gregory Rice in private life supports charitable organizations like the Robin Hood Foundation.
The largest poverty-focused organization in New York City, the Robin Hood Foundation has raised almost $2 billion in donations, services, and goods since it was founded in 1988. To use its resources as effectively as possible, the Robin Hood Foundation identifies and partners with only the most effective organizations; for instance, it distributed nearly $200 million to just over 200 organizations in 2013. The approach has shown significant results: people who are served by its programs are 75 percent more likely to pass the GED; 92 percent of people in the Foundation housing program do not return to shelters; and, compared to city-funded programs, its job training has proven to be twice as likely to result in higher salaries and job retention rates.
The Robin Hood Foundation supports a number of initiatives designed to address issues related to poverty, ranging from libraries to veterans concerns. For example, its library group partners with the New York City Department of Education to train elementary school librarians and to reinvent the libraries themselves to improve children’s educational opportunities. To help veterans, the Foundation offers a variety of programs. For one, it works with the New York City Department of Homeless Services and the United States Department of Veterans Affairs and has reduced the rate of homelessness among veterans almost to zero.
Christ Church Day School Outreach Program
According to public records, a former investment analyst with Knott Partners, Louis Gregory Rice is currently a portfolio manager with Kellner Capital, LLC, in New York City. Committed to various charitable endeavors, Louis Gregory Rice is active in fundraising for Christ Church Day School (CCDS), the non-sectarian early childhood program that each of his three children attended.
Established in 1949 with just 15 students, CCDS now serves 95 children in five classrooms. Encouraging discovery and exploration to facilitate emotional and social growth, the school is committed to providing a safe, nurturing environment for children aged 2 to 5. The school’s rooftop play area offers the opportunity for active play, while a music room and library provide further educational possibilities.
Since 2007, CCDS has operated an outreach program that promotes global responsibility through the exchange of ideas and resources. Faculty members have used their skills to volunteer with hospitals, schools, and orphanages around the world, as well as to conduct valuable fundraising efforts from home.