As cofounder of Selkirk Partners, a global equity firm with locations in Chatham, New Jersey, and Wilmington, Delaware, Stewart Strawbridge serves as the firm’s managing director. When not in the office, Stewart Strawbridge enjoys racing horses, including his horse Guts for Garters, which competed in the 2016 Maryland Hunt Cup. Established in 1894, the Maryland Hunt Club began when members of the Elkridge Fox Hunting Club challenged members of Green Spring Valley Hunt Club to a timber race. In 1922, the race officially moved to Worthington Valley in Reisterstown, Maryland, where the race has permanently stayed. Today, the event occurs on the last Saturday of April, and it covers four miles and 22 fences. For the 120th edition of the country’s best-known timber race, Senior Senator won the event, which was held on April 30, 2016. The horse, owned by Irvin L. Crawford II, ran the four miles in 9:11. Guts for Garters, came in second for the $100,000 race after securing first place in 2014 and second place in 2015. The rest of the field saw Drift Society finishing third, Serene Harbor fourth, and last year’s winner Imperial Way taking fifth place.
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With expertise in investment strategy and portfolio risk management, Stewart Strawbridge serves as a managing partner of the investment advisory firm Selkirk Partners. Stewart Strawbridge also holds advisory roles with a number of local organizations, and he recently committed to becoming a board member for St. George’s School in Rhode Island.
A boarding and day school for high school students, St. George’s focuses on providing the most relevant and meaningful education to its students, a mission that it advances by supporting the Merck-Horton Center for Teaching and Learning. Since it was founded in 2009, the center has worked to deliver the latest evidence-based teaching and learning approaches to St George’s students. The program was created in collaboration with the Harvard Graduate School of Education, and its resulting research on education innovation, student-centered learning, and the implementation of new technologies and pedagogies has been published in various scholarly journals. Primarily dedicated to student success, the Merck-Horton Center also explores educational concepts such as active learning and student choice in St. George’s classrooms. Over the course of his career as a financial executive, Stewart Strawbridge has established himself as a leader in the investments sector. Stewart Strawbridge is a managing member of a family office, where he allocates considerable capital to private equity funds.
In the world of private equity, the venture capital fund represents one of the most common organizational structures. In general, venture capital funds operate by purchasing minority stakes in startup companies, most of which conduct business in high-growth sectors such as health care technology and consumer technology. Unlike private equity firms, which make their investments based on cash flow considerations, venture capital funds identify companies with raw technical talent and help them commercialize their technologies. Venture capital funds may also invest in late-stage companies, which have typically proven their feasibility and require additional funding to scale their operations. In addition to teaching portfolio companies how to expand operations such as finance and marketing, venture capital funds connect companies with top technical and managerial talent. A successful financial executive based in the United States, Stewart Strawbridge is a managing member of Selkirk Partners. In that capacity, Stewart Strawbridge oversees all financial activity at the firm and plays an integral role in all global long/short equity investments. For many years, hedge funds have utilized long/short equity approaches to investing to produce a market-neutral collection of assets.
In terms of long/short equity strategy, hedge funds often invest in a pair of stocks in the same sector, taking a long position on one and a short position on the other. Known as "pair trading," the practice mitigates sector-specific risk while allowing investors to realize significant profit if both positions produce the desired results. Many hedge funds also look at external factors and develop long/short strategies in different sectors based on those factors. For example, rising interest rates might lead hedge funds to "go long" in interest-resistant sectors and "go short" in interest-sensitive sectors. Selkirk Partners managing member Stewart Strawbridge is also a fourth-generation jockey who won the 2007 Maryland Hunt Cup. In 2014, an Irish-bred racehorse owned by Stewart Strawbridge won the Maryland Hunt Cup with the guidance of jockey Jody Perry.
Held annually on the last Saturday of April, the Maryland Hunt Cup was established in 1894 as a friendly contest between two fox hunts. The race involves a four-mile steeplechase in which riders must navigate through a course that requires them to leap over 22 tall timber fences. During the 118th Maryland Hunt Cup in 2014, Guts For Glory came out ahead of Imperial Way and claimed first place. Born in Ireland in April 2003, Guts For Garters is the son of the Strawbridge family’s award-winning brown colt Presenting. He received his training from Stewart Strawbridge’s sister Sanna Neilson and previously won two overseas races in Ireland. While in Ireland, Guts For Garters’ wins included a hurdle and a chase. His win in the Maryland Hunt Cup marks the third win of his career. Additionally, he recently competed in the 2015 Maryland Hunt Cup and placed second. A chartered financial analyst and one of the founding partners of the equity investment firm Selkirk Management, LLC, Stewart Strawbridge is also a licensed pilot with more than 2,000 hours of recorded flight time. One of the airplane models for which Stewart Strawbridge possesses a type rating is the Cessna Citation CJ2 business jet, the current version of which is the CJ2+.
Equipped with two Williams FJ44-3A-24 turbofan engines that each generate 2,490 pounds of thrust at sea level, the CJ2+ flies at a maximum cruising speed of 418 knots true airspeed. Fully fueled at a volume of 587 gallons, the CJ2+ can travel 1,750 nautical miles while transporting a full flight of eight passengers and one pilot. The aircraft requires a runway only 3,360 feet long to take off and 2,980 feet to land. Whereas the original CJ2 could climb to a maximum operating altitude of 45,000 feet in 36 minutes, the CJ2+ reaches the same elevation in just 28 minutes. Though the CJ2+ can accommodate a copilot, through the plane is single-pilot certified. When flown by a single pilot, the vacant copilot’s chair can seat an eighth passenger. The inclusion of full-authority digital engine controls (FADEC) in the updated CJ2+ facilitates single-pilot aviation by simplifying engine control and reducing the tasks demanding the pilot’s attention during the most intense stages of a flight. Utilizing a Collins Pro Line 21 flight guidance system, the Intrinzic flight deck provides pilots of the CJ2+ with an advanced digital avionics system that includes many useful facilities. A standard pilot tool in the CJ2+ is an integrated electronic checklist (IEC), which allows pilots to create organizing lists viewable on the flight deck’s multifunction display. To allow pilots to calculate aircraft position and avoid land and structural hazards, the CJ2+ features a terrain awareness warning system (TAWS) that includes five alert modes, three databases, a graphic display, and aural warnings. |
AuthorStewart Strawbridge rode The Bruce to victory in the 111th running of the Maryland Hunt Cup in 2007 Archives
December 2019
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