Julius Anthony

Julius Anthony "Tony" Forstmann (May 22, 1938 - January 31, 2023) was an American financier. He is one of the founding partners of Forstmann-Leff & Associates, one of the first hedge funds in the United States, along with Joel B. Leff. He was an original investor in Forstmann Little and Company and he also founded Forstmann and Co., a merchant bank. Career Forstmann-Leff Forstmann-Leff & Associates was founded in 1967 as a private incentive investment management organization by J. Anthony Forstmann and Joel B. Leff with the specific objective of managing money intensively for an above-average rate of return. They served as investment advisers to pension funds and were one of the original hedge funds in the US. By 1985 the firm had grown to $5 Billion under management. The firm's clients included Intel, Pfizer, Standard Oil of Indiana, The Pension Guarantee Corp. The Ford Family, Northrop, Honeywell, Lockheed, Northwest Airlines, Knight Ridder, Delta Air Lines, Texas Instruments, Raychem, Studebaker, Chrysler, Commercial Credit, Primerica, MCA Universal, the City of New York, the State of Minnesota, the State of Maine, Holy Cross University, and the Archdiocese of New York. Forstmann-Leff & Associates achieved an average compounded yearly gain of 22 per cent on the investment partnerships. Forstmann-Leff "outperformed all of the firms monitored by Investment Manager Profiles in the Balanced Account category." Forstmann continued as managing director of Forstmann-Leff until 1991. Forstmann's brother Ted also worked at Forstmann-Leff as council until he left to found Forstmann Little & Co. with another brother Nick. Joel Leff and Tony Forstmann were part of the original investors of Forstmann Little & Co.