Eugene Profit founded Profit Investments in 1996, and has overall management responsibility for the firm and client portfolios. Profit Investments manages $2 billion, including large and small cap institutional accounts and mutual funds (tickers PVALX, PROFX). Eugene’s unique investment management philosophy and approach to valuation sensitive growth investing have made him the subject of many profiles in financial media including Business Week, Smart Money, Black Enterprise, Pension & Investments and Investors Business Daily. He has also been a guest on several cable news outlets including Wall Street Week, Money Line, CNBC, Fox News Channel and CNN.
Eugene Profit with the RedskinsAs a five-year veteran of the NFL, Eugene might be in a league of his own in terms of gridiron stars who have become CIOs. Then again, it’s no more surprising than a Yale University graduate with an economics degree finding a career in the NFL. An All American at Yale, Eugene played three seasons with the New England Patriots and two with the Washington Redskins before a hamstring injury forced him to retire in 1991.
Eugene began his career in finance as a broker with Legg Mason in 1994, and later decided to begin his own company, Profit Investments. Now Profit Investments ranks among the largest black-owned businesses in the U.S., and is one of the best performers in the world of asset management. In 2009, Eugene was cited by PSN as Top Gun Manager of the Decade for his Profit Large Cap Equity portfolio’s risk-adjusted performance returns over a 10-year period.
One of five children growing up in South Central Los Angeles, Eugene is keenly aware of the sacrifices his mother made to make sure he completed college. Eugene graduated from Yale University with a B. A. in Economics and still holds the university record for the Long Jump. He is a Board Member of the Montgomery County Community Foundation and the National Association of Securities Professionals. Eugene lives in North Bethesda, Md., is married to Michelle Quash Profit and is the proud father of five daughters.