Jacobs Levy Equity Management to support MPAC Education programs with generous gift
Pictured: Cathy Roy, Education Director, Mayo Performing Arts Center, Bruce I. Jacobs and Kenneth N. Levy (principals), Jacobs Levy Equity Management; Allison Larena, President & CEO, Mayo Performing Arts Center
(Morristown) – Jacobs Levy Equity Management, Bruce I. Jacobs and Kenneth N. Levy (principals), has presented Mayo Performing Arts Center (MPAC) with a gift in the amount of $100,000 to support the education programs of the performing arts institution.
The gift will support the general operating needs of MPAC's education offerings, including the Performing Arts School, free community outreach programs and the 2016 Spring Youth Musical, as well as provide the seed money for an important new initiative serving children with special needs through arts education.
“Over the years, I have enjoyed many events and performances with my family at MPAC,” said Bruce Jacobs, principal at Jacobs Levy Equity Management. “I am thrilled we have the opportunity to help enrich the lives of children in our community through this gift to MPAC's arts education program.”
MPAC currently serves special needs students through its Performing Arts School, but will expand its outreach initiatives by developing a three-year plan to roll out a new arts education program as part of the Performing Arts School's “On the Road” offerings. The program would be piloted at a school geared toward students with autism or other developmental challenges. The plan would also include training for MPAC's onsite arts educators to be better equipped to communicate with and serve special needs students who attend our Performing Arts School classes at MPAC.
“As longtime MPAC benefactors, we are delighted to support the Youth Arts Education Program,” added Ken Levy, principal at Jacobs Levy Equity Management. “We are proud to be a part of MPAC's efforts to increase its outreach to children with special needs.”
“We are deeply grateful to Jacobs Levy for this outstanding opportunity to help strengthen our education programs and initiatives through such a generous gift,” said Allison Larena, President and CEO, MPAC.
Jacobs Levy Equity Management was founded in 1986 by Bruce I. Jacobs and Kenneth N. Levy as an independent investment management firm focused on U.S. equity portfolios. The firm's philosophy and approach reflect Bruce and Ken's unique multidimensional and dynamic approach to investing, which is based on nearly 30 years of research and experience and is applied in service to a global roster of institutional clients. Bruce and Ken's numerous articles articulating their groundbreaking concepts have received awards from the Financial Analysts Journal, The Journal of Portfolio Management, and The Journal of Investing. Their book, Equity Management: Quantitative Analysis for Stock Selection, collects their seminal work on disentangling the factors that affect stock returns, integrated portfolio management, and management of long-short portfolios. They are co-editors of the book Market Neutral Strategies, which provides insiders' views of the implementation, risks, and benefits of long-short investing. Bruce's book Capital Ideas and Market Realities discusses the pitfalls in translating financial ideas into practice. In 2011, in honor of the firm's 25th anniversary, Bruce and Ken founded the Jacobs Levy Equity Management Center for Quantitative Financial Research at The Wharton School, and the Jacobs Levy Equity Management Personalized Genomic Medicine Program at Atlantic Health System.