Adam Yale Joins First Manhattan as Portfolio Manager, Based in Omaha

Experienced investor with deep Omaha roots and long-standing client relationships returns to Firm known for research-driven stock selection

NEW YORK--(BUSINESS WIRE)--First Manhattan, a $36B+ independently owned investment advisory firm, today announced that Adam Yale has joined as Portfolio Manager, returning to where he began his professional career more than 25 years ago.

Mr. Yale has more than two decades of experience managing client portfolios, with a focus on long-term investment in high-quality businesses. He most recently served as Partner and Portfolio Manager at Lawson Kroeker Investment Management in Omaha. Prior to that, he spent more than 16 years as Principal of Red Cedar Capital.

Mr. Yale’s return reflects a shared heritage rooted in Omaha. First Manhattan has long-standing ties to the city through the close personal friendship and business relationship between the Firm’s founder, David “Sandy” Gottesman, and Warren Buffett. That legacy also runs through Mr. Yale’s own family history. His grandfather, Ike Friedman, acquired Borsheims with his father in 1947, helping the family business grow before it became part of Berkshire Hathaway in 1989.

“Adam is a thoughtful stock picker with an ownership mindset and deep commitment to his clients,” said Zachary Wydra, Chief Executive Officer at First Manhattan. “We continue to build First Manhattan with the goal of serving clients exceptionally and being the best home for investors who prioritize independence, rigor, and conviction. Adam’s return reflects that alignment and reinforces First Manhattan’s culture and goals.”

“Returning to First Manhattan is truly a homecoming,” said Mr. Yale. “The Firm’s culture, disciplined investing, and unwavering respect for clients has always resonated with me. I’m excited to continue serving clients from Omaha while being part of a Firm whose approach closely aligns with my own.”

Through First Manhattan, Mr. Yale and the clients he serves will have access to the Firm’s in-house research, integrated wealth planning capabilities, independent trust company, and robust operating platform. These resources will allow him to expand the scope and depth of service he provides to his substantial base of long-standing client relationships.

Mr. Yale has long been active in the Omaha community, where civic involvement has been central to his professional and personal life. He has served on the Board of Education of Westside Community Schools since 2016 and currently serves as Vice Chairman of the Nebraska Methodist Health System and Chairman of its Investment Committee.

Mr. Yale holds a Master of Science in Accountancy from the University of Denver’s Daniels College of Business and a Bachelor of Arts from the University of Michigan.

About First Manhattan

First Manhattan is a $36B+ AUM investment advisory firm with over six decades of experience in long-term wealth compounding. The Firm strives to deliver strong financial returns through a research-driven investment approach, customized wealth planning, an independent trust company, and highly personalized client service. Since its founding in 1964, First Manhattan has remained independently owned and operated. The Firm and its principals were original investors in the entity that later became Berkshire Hathaway. For more information, please visit firstmanhattan.com.