Adam Landau is Chief Executive Officer and Chief Investment Officer of Permit Capital Advisors, LLC. Adam worked at McCabe Capital Managers, Ltd. from 1997 until February, 2011. He has 15 years of experience evaluating investment managers, developing asset allocation strategies, and coordinating the process by which the two disciplines are merged. Adam oversaw the integration of McCabe Capital's advisory efforts. This covered a rigorous process focused primarily on the various aspects of investment management due diligence. Included were frequent meetings with managers across the traditional and alternative investment spectrum. As Portfolio Manager, Adam worked to optimize the structure of McCabe's portfolios to maximize the expected level of risk adjusted return. Adam served as one of two Portfolio Managers on three fund of funds products, including a hedge fund of funds, offered to clients of a number of major insurance carriers.
Prior to joining McCabe Capital, Adam spent four years at Donaldson, Lufkin & Jenrette (DLJ) where he was a sales associate working with both retail and institutional clients. In that capacity at DLJ, he developed asset allocation plans for clients and subsequently worked with them to construct appropriate equity and fixed income portfolios.
Adam received his M.B.A. (Finance) from Saint Joseph's University and a B.A. (Economics) from Rutgers University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the CFA Institute and the CFA Society of Philadelphia. Adam serves on the Board of Trustees at Arise Academy Charter High School, the country’s only charter high school dedicated to students from foster care, and on the Board of Directors of the Katz JCC. He is also a member of the Global Interdependence Center, and serves as a mentor to international graduate students through the Drexel University MentorMatch program.
Mimi Drake serves as President of Permit Capital Advisors, LLC. For six years prior, Mimi served as the Chief Operating Officer and Chief Financial Officer of Defiance Asset Management, LLC. She was responsible for the strategic planning, financial management, marketing, client service, legal, and human resources aspects of the firm, and she also served on the risk management committee. Mimi built the firm from $23 million in assets under management to a peak of $580 million in assets. Prior to joining Defiance, Mimi was the Chief Operating Officer of Schlarbaum Capital Management. Mimi was previously a Vice President at InvestorForce where she managed the Altvest hedge fund database business. Earlier in her career, she spent five years at Miller Anderson & Sherrerd/ Morgan Stanley Institutional Asset Management, where she worked on both the marketing/client service and portfolio management sides of the business.
Mimi received her M.B.A. in Finance from The Wharton School at the University of Pennsylvania in 1995 and her B.A. in Economics from Trinity College (cum laude) in 1990. She attended Harvard University's Radcliffe Publishing Course in 1990 and spent three years in magazine publishing prior to Wharton. Mimi serves on the Board of Trustees at The Shipley School and Chairs the Board of Directors of the 100 Women in Hedge Funds Association and Foundation (a global organization with over 10,000 members).
Ryan McLaughlin serves as Director of Investment Research of Permit Capital Advisors, LLC. In that role he performs due diligence on global investment managers and opportunities that include both traditional and alternative investments. Ryan is also responsible for creating and maintaining analytics that the firm uses to combine macroeconomic and fundamental data points for use in making decisions regarding portfolio construction. Previously, Ryan worked at McCabe Capital Managers, Ltd. from 2006 until February 2011, where he served as Director of Investment Research. In this role, Ryan’s responsibilities ranged from helping to set and implement strategic and tactical investment direction, to performing due diligence on managers included in the McCabe Capital Managers universe.
Prior to joining McCabe Capital, Ryan was a Financial Analyst at myCIO Wealth Partners LLC, where he assisted clients in developing asset allocations, and assisted in the firm's manager selection process. Prior to that, he worked at Ernst & Young LLP in their tax practice group.
Ryan received his Bachelors of Science in both Accountancy and Business Administration (Management Information Systems) as well as his Master of Taxation from Villanova University (cum laude). Ryan holds the Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Certified Financial Planner® (CFP®), and Chartered Alternative Investment Analyst (CAIA) designations. He is a member of the CFA Institute, CFA Society of Philadelphia, Alternative Investment Management Association, and the American Institute of Certified Public Accountants.
Kimberly Crowley serves as Director of Client Strategy of Permit Capital Advisors, LLC. In that role, Kim works with clients to deliver Permit Capital Advisors comprehensive portfolio solutions in a customized fashion designed to meet their specific investment needs. Kim manages the process in which client goals are established, memorialized in an Investment Policy Statement, managed across investment cycles, and communicated through regular portfolio performance reports. Kim also serves as the firm’s Chief Compliance Officer. Previously, Kim worked at McCabe Capital Managers, Ltd. from 2008 until February, 2011, and over that time Kim served in a number of diverse roles for the firm. As the Director of Operations, Kim oversaw all back office functions including performance reporting and portfolio management system integration, and contributed to the due diligence process with an eye towards analyzing manager operational efficiencies. Kim also served as a key point person in maintaining and managing client relationships.
Prior to joining McCabe Capital Managers, Kim served as Director of Operations for a family owned Registered Investment Advisor. She has also served as an analyst for Quellos Capital Management LLC, a fund of funds business, and as an analyst with Market Profile Theorems, a quantitative equity research firm. Kim received her Bachelor of Arts Degree in Accounting from Washington State University.
Yelena Pelimskaya joined Permit Capital Advisors, LLC in September 2013 as a senior analyst within the investment due diligence group. Previously, she spent seven years at Veritable, LP, one of the largest fee-only registered investment advisors in the U.S., where she focused on manager research across a multitude of asset classes. In this role, Yelena’s responsibilities included performing due diligence on traditional and alternative strategies, as well as carrying out quantitative and risk analytics.
Yelena received her Master’s Degree in Economics and Bachelor of Science Degree in Astrophysics with Highest Honors from Lehigh University. She holds a Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society of Philadelphia.
Mr. Worley is the founder and Managing Partner of Permit Capital, LLC. Prior to his current position, from 1996 to 2001, Mr. Worley held a number of strategic senior management positions for Morgan Stanley Investment Management. These include guiding the initiatives in alternative investments for Morgan Stanley Investment Management while acting as a Managing Director and the Chief Strategic Officer of Morgan Stanley Investment Management. Mr. Worley was also Chairman of Morgan Stanley Investment Management's Investment Management Committee during this time period. Prior to joining Morgan Stanley's alternative investments team, Mr. Worley was President and CEO of Morgan Stanley Investment Management and a leader of its Fixed Income team. Just before its acquisition in 1996 by Morgan Stanley, Mr. Worley was Chairman of Miller Anderson & Sherrerd, LLP. Mr. Worley was an economist and Director of Fixed Income Research at Goldman, Sachs & Co. from 1970 to 1978. Mr. Worley holds a Bachelor of Sciences degree from the University of Tennessee and pursued graduate economics studies at the University of Texas.
Currently, Mr. Worley is the Chairman of the Philadelphia Orchestra, serves on the Investment committee of Mount Holyoke College, is a Director at Neuberger Berman Group and is a trustee at the Independence Seaport Museum.
Mr. Worley is a former Chairman of the Investment Committee of the Robert Wood Johnson Foundation and the Colonial Williamsburg Foundation. He has held the position of Independent Director on the mutual funds board of Putnam Investments and he has served on the executive committee of the University of Pennsylvania Medical Center, as well as a trustee at the National Constitution Center and the University of Pennsylvania.