General Investing >> Money Manager Interviews >> February 3, 2003

R.heck / B.purcell – Goodnow Gray & Co

RANDALL M. HECK is a General Partner of Goodnow, Gray & Co. He is also Portfolio Manager and General Partner of Old Kings Capital, LP, a hedge fund formed in 2002, and Thresher Partners, LP, a hedge fund formed in 1995. Mr. Heck joined Goodnow, Gray & Co. in 1992. From 1983 to 1992 Mr. Heck was employed by Gabelli & Co. In 1985 he became Managing Director of Gabelli Associates Fund, LP, an event-driven hedge fund. From 1988 to 1992 he served as Director of Gabelli Securities, Inc. Mr. Heck received his BA from Western Maryland College in 1982 and his MBA, graduating with honors, from Columbia University's School of Business in 1984. Profile
BRADLEY J. PURCELL is a General Partner of Goodnow, Gray & Co. He is also Portfolio Manager and General Partner of Old Kings Capital, LP, a hedge fund formed in 2002, and Vertical Partners, LP, a hedge fund formed in 1999. Mr. Purcell joined Goodnow, Gray & Co. in 1999. Prior to joining the firm, Mr. Purcell was a Senior Vice President and Portfolio Manager at Lazard Freres & Co. from 1991 to 1999 where he managed small and mid capitalization stock portfolios. He was also solely responsible for the management of Lazard's small cap Bantam Value Fund from its inception in early 1996. From 1987 to 1991, Mr. Purcell was employed at Gabelli & Co. as a Securities Analyst and ultimately became Vice President and Assistant Portfolio Manager of the Gabelli Value Fund. From 1984 to 1987, Mr. Purcell worked as an Analyst and Director of Research at Market Guide, Inc., a startup research publication devoted to finding values in under followed NASDAQ stocks. Mr. Purcell received BA degrees in Economics and Public Policy from Stanford University in 1983 and an MBA from Columbia University's School of Business in 1989. Profile
TWST: Could you give us a brief overview of Goodnow, Gray and the Fund

that you and Brad co-manage?

Mr. Heck: Goodnow, Gray & Co. is a hedge fund that's been in existence

for over 30 years