Jeff Yass
Jeff Yass | |
|---|---|
| Born | Jeffrey S. Yass 1956 (age 67–68) |
| Nationality | American |
| Education | Binghamton University |
| Occupation | Money manager |
| Known for | Co-founder and MD, Susquehanna International Group |
| Political party | Republican |
| Board member of | Cato Institute |
| Spouse | Janine Coslett |
| Children | 4 |
Jeffrey S. Yass (born 1956) is an American options trader, and a co-founder and managing director of the Philadelphia-based Susquehanna International Group (SIG). In 2001, he joined the executive advisory council of the Cato Institute.
Early life
Yass grew up in a middle-class Jewish family in Queens, New York.[1] He is the son of Gerald Yass, and his "childhood sweetheart" Sybil, who was at his bar mitzvah.[2][3] He has a sister, Carole.[3] Gerald Yass graduated with a BS from LIU Brooklyn in 1951, and worked as an accountant, rising to chairman of Datatab Inc, and later a co-founder of Philadelphia Trading, which became SIG.[3] As of 2018, he still works for SIG, as a senior executive and advisor.[3]
Jeffrey Yass was educated at public schools in Queens.[4] He earned a BA in mathematics and economics from Binghamton University.[5][6] He pursued graduate studies in economics at New York University,[6] but did not graduate.
Career
Whilst at the State University of New York in Binghamton in the 1970s, Yass and five fellow students became friends and later co-founded Susquehanna International Group (SIG).[2] The billionaire trader Israel Englander sponsored Yass for a seat on the Philadelphia Stock Exchange, and SIG was initially run from an office at the Exchange.[2] His father, Gerald Yass, also helped to found the company.[2] Prior to this, Yass was a professional gambler.[7]
Political activities
Yass is a member of the executive advisory council of the libertarian Cato Institute.[8] In 2015, Yass donated $2.3 million to a Super PAC supporting Rand Paul's presidential candidacy.[9] In 2018 he donated $3.8m to the Club for Growth, and $20.7m in 2020.[10]
In November 2020, it was reported that Yass had donated $25.3 million, all to Republican candidates, and one of the ten largest political donors in the US.[11]
Recognition
In 2001, he appeared as one of 76 Revolutionary Minds in Philadelphia magazine. [12]
Personal life
He is married to Janine Coslett.[13][14] They have lived in Haverford in Lower Merion Township, Pennsylvania for some years.[11] They have four children, two sons and two daughters.[15]
References
- ^ "Beating the Odds – Susquehanna International – Jeff Yass". Philly Mag. 26 August 2009. Retrieved 17 January 2021.
- ^ a b c d "Susquehanna International Group LLP Stands To Make Billions Off TikTok". The Intellectualist.
- ^ a b c d "LIU Brooklyn Alum Gerald Yass Endows Scholarship for Accounting Majors". LIU Magazine. Spring 2018. Retrieved 18 January 2021.
- ^ Bunch, Will. "It's the libertarianism, stupid". www.inquirer.com.
- ^ "Bloomberg profile: Jeff Yass". Bloomberg LP. Bloomberg LP. Retrieved 17 January 2021.
- ^ a b "MIT Sloan Sports Analytics Conference Speaker | Jeffrey Yass". www.sloansportsconference.com.
- ^ "Jeff Yass". Forbes. Retrieved 2021-04-30.
- ^ "Center for Monetary and Financial Alternatives". Cato Institute.
- ^ "Million-Dollar Donors in the 2016 Presidential Race". New York Times. 25 August 2015. Retrieved 14 October 2015.
- ^ "Billionaires backed Republicans who sought to reverse US election results". the Guardian. 2021-01-15. Retrieved 2021-01-16.
- ^ a b Knickerbocker, Ken (November 5, 2020). "Bala CEO's $25 Million Contribution to Republican Candidates and Groups Makes Him One of America's Top Political Donors". MontCo Today. Retrieved 17 January 2021.
- ^ Jordan, Sarah (November 2001). "76 Revolutionary Minds". Philadelphia Magazine. Archived from the original on 2006-06-29. Retrieved 2006-09-15.
- ^ "Margaret Coslett Obituary (2015) - Times Leader". www.legacy.com.
- ^ "Class of 1981". www.muhlenbergconnect.com.
- ^ "2009 Men's Water Polo: Robbie Yass". Brown University Athletics. Retrieved 17 January 2021.
- "Save the Children Presents Distinguished Service Awards to Trustees Jeffrey Yass". Trustees Saluted. Save the Children. April 10, 2001.
{{cite web}}: Missing or empty|url=(help) - "Board of Directors". Cato Institute. 2006. Archived from the original on August 17, 2005. Retrieved 2006-09-15.
- Segal, Geoffrey F.; Samuel R. Staley (September–October 2002). "News Notes" (PDF). CATO Policy Report. Cato Institute. p. 13. Retrieved 2006-09-15.
- "Franklin Family Funfest" (PDF). 7th Annual Franklin Family Funfest. Franklin Institute. October 22, 2004. Retrieved 2006-09-15. [dead link]
- "Port authority establishes world trade center memorial fund to aid victims and their families". Port Authority of NY and NJ. September 29, 2001. Archived from the original on October 10, 2007. Retrieved 2006-09-15.
- "SGF Advisory Board Members". Spirit of Golf Foundation. 2006. Archived from the original on 2006-05-14. Retrieved 2006-09-15.
- "Families First Contributors". People's Emergency Center (PEC). 2006. Archived from the original on 2006-10-09. Retrieved 2006-09-15.
Further reading
- Schwager, Jack D. (1995). The New Market Wizards. 13 pages: Wiley; New Ed edition. ISBN 0-471-13236-5.
{{cite book}}: CS1 maint: location (link)
- 1956 births
- Living people
- American derivatives traders
- American financial analysts
- American libertarians
- American money managers
- Cato Institute people
- Stock and commodity market managers
- Binghamton University alumni
- People from Queens, New York
- American Jews
- American company founders
- People from Haverford Township, Pennsylvania