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Management

Investment Philosophy

Lemelson Capital Management has advocated a Christian Philosophy of investment based on a belief that investments selected on strict value criteria mitigate risk and often lead to better than average returns, a cornerstone of good stewardship. 

Although every situation and investment decision is unique, the pillars of wise investment policy (autonomous thought, discipline, knowledge, patience, focus, hard work, etc.) do not change with time. Nonetheless, successful execution is an art.  Staying within a circle of competence with a focus on proficiency in select sectors is a hallmark. Operational experience and acumen are critical to competent capital allocation and successful fund management.

Management seeks to protect principal by ensuring a substantial "margin of safety" exists in every commitment while consistently producing better than average results in order to leverage the power of compounding over time. 


 

Fr. E cropped 160 x 191 pxPortfolio Manager

Fr. Emmanuel Lemelson, CIO

Rev. Fr. Emmanuel Lemelson is a Greek Orthodox priest, activist and investment manager known for advocating a philosophy of investment based on Christian ethics.

He is the chief investment officer of Lemelson Capital Management, LLC the sole sponsor and general partner of The Amvona Fund, LP which several times has been named the world's top performing hedge fund according to financial media outlets The Wall Street Journal and Barron's.

Lemelson’s position on ecumenism and the role of the Orthodox Church have been cited in The Washington Post, CBS News, Fox News, The National Interest, The Boston Globe and The Boston Herald among others. His investment research and analysis has been cited in The Wall Street Journal, USA Today, New York Post, Fox Business Network, and TheStreet.com and credited with influencing share prices in publicly traded companies.

Prior to his ordination in 2011, Fr. Emmanuel had 17 years of experience as a successful entrepreneur, including authoring multiple patents in design, business process and software architecture. As a graduate student he founded, amongst other businesses, the internet site Amvona which achieved ~120% CAGR between 1999 and 2006. In 2005 Amvona ranked among the ten most visited photography related internet sites.

He is the founder and president of The Lantern Foundation, a 501 (c)3 private foundation that provides financial support to Christian organizations as well as the founder of the Stowe conference for charity.

Fr. Emmanuel graduated from Seattle University with a B.A. in Theology and Religious Studies and Holy Cross Greek Orthodox School of Theology with an M.Div, and has served parishes in New England and Switzerland.

Watch: Fr. Emmanuel on Fox Business News Varney & Co. here

Watch: Fr. Emmanuel on Fox News a Spirited Debate here

Read more at: http://amvona.com/about-us

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Chief Financial Officer

John Zoraian, CFO

John Zoraian - CFO is a seasoned hedge fund professional with thirty-five years of experience in the alternative investment industry. John has held leadership positions in two hedge funds, with the first growing to $650 million in assets before the retirement of the General Partner, and the second growing to several billion in assets. In 2005, John launched the hedge fund administration business for Sasserath & Zoraian, LLP.

John started his professional career with Peat Marwick Mitchell & Co., the predecessor of KPMG LLP. John graduated with a BBA in accounting from Hofstra University. He is a Certified Public Accountant and a member of both the American and New York Institutes of Certified Public Accountants.

*An individual retirement account beneficially owned by Mr. Zoraian is currently a shareholder in The Amvona Fund, Ltd.


 

Chief Compliance Officer

Craig Lerman, CCO

Craig Lerman - CCO has extensive experience in a broad range of complex and sophisticated investment management legal matters including directors’ duties and responsibilities, aspects of corporate governance, disclosure issues and compliance. 

Prior to joining Lemelson Capital Management Mr. Lerman founded Lerman Law Associates, PC in 2009, after first providing in house counsel services to Doctors Research Group, Inc. and as a partner in Moreland & Lerman Law, PC. Craig graduated from the University of Florida 1996 where he earned his undergraduate degree before completing his post graduate studies earning his Juris Doctorate and Masters in Business Administration in 2001.He is a member of the State Bar of Georgia and American Bar Association.