Management ChangeApr 28, 2026, 05:12 PM
RCG Co-Founder Murray Stahl Passes; New CEO & Portfolio Manager Appointed
AI Summary
RENN Fund, Inc. (RCG) announced the passing of Murray Stahl, Co-Founder, Chairman, Chief Executive Officer, and Chief Investment Officer of its investment adviser, Horizon Kinetics Asset Management LLC (HKAM), and Co-Portfolio Manager of the Fund, on April 7, 2026. The Board of Directors subsequently approved changes to the Fund's leadership. Peter Doyle, Co-Founder and Co-Chief Executive Officer of HKAM, has been appointed President, Chief Executive Officer, and Chief Financial Officer of the Fund. Additionally, James Davolos has been added to the Fund's Portfolio Management team.
Key Highlights
- Murray Stahl, Co-Founder, Chairman, CEO, and CIO of Horizon Kinetics Asset Management LLC (HKAM) and Co-Portfolio Manager of RCG, passed away on April 7, 2026.
- Peter Doyle, Co-Founder and Co-CEO of HKAM and Co-Portfolio Manager, appointed President, CEO, and CFO of RCG.
- James Davolos added to RCG's Portfolio Management team.
- James Davolos is a Portfolio Manager and Research Analyst, joined HKAM in 2005 and serves as Co-Portfolio Manager for the Inflation Beneficiaries ETF (INFL).