{{Short description|American financier and entrepreneur}} {{Infobox person |name = Jeremy Frommer |image = Jeremy Frommer CEO of Jerrick Ventures.jpg |image_size = 220 |caption = CEO, Hedge Fund LIVE |birth_date = |birth_place = New York, United States |death_date = |death_place = |other_names = | title = [[CEO]], Jerrick Ventures Inc. (2011–present)<ref>{{cite web| access-date=August 26, 2015| url=http://www.fastcodesign.com/3030414/the-artwork-of-legendary-sci-fi-magazine-omni| title=The Artwork Of Legendary Sci-Fi Magazine Omni| date=May 12, 2014| last=Dunne| first=Carey| publisher=Fast Company}}</ref> |alma_mater = [[University at Albany, SUNY]] <small>(B.A.)</small> |occupation = [[Hedge fund]] manager, [[entrepreneur]]<ref>{{cite web| access-date=August 26, 2015| url=https://blogs.wsj.com/bankruptcy/2013/09/26/guccione-collection-sues-penthouse-publisher/| title=Guccione Collection Sues Penthouse Publisher | date=September 26, 2013| last=Fitzgerald| first=Patrick| publisher=Wall Street Journal}}</ref> }}
'''Jeremy Frommer''' is an American financier and entrepreneur based in New Jersey.<ref>{{cite web| access-date=August 26, 2015| url=https://abcnews.go.com/blogs/entertainment/2013/01/secret-penthouse-trove-includes-racy-pix-of-madonna-arnold/| title=Secret 'Penthouse' Trove Includes Racy Pix of Madonna, Arnold| date=January 29, 2013| last=Goldman| first=Russell| publisher=ABC News}}</ref> His career includes over two decades on [[Wall Street]], working as a [[hedge fund]] and portfolio manager, and on the sell-side of the financial industry, building and selling two [[financial services]] companies. He is CEO of Jerrick Ventures Inc., a company that acquires, develops and produces content across all forms of media. Frommer is depicted in [[Michael Lewis]]' book ''Flash Boys''.<ref name="The Wolf Hunters of Wall Street">{{cite web|title=An Adaptation of Wolf Hunters on Wall Street| last=Lewis| first=Michael| date=March 31, 2014| work=The New York Times| url=https://www.nytimes.com/2014/04/06/magazine/flash-boys-michael-lewis.html |access-date=August 21, 2015}}</ref> In 2012, Frommer discovered the "Guccione Collection," a large collection of unpublished works and photos owned by [[Bob Guccione]], the founder of the [[Penthouse (magazine)|Penthouse]] empire.<ref>{{cite web|title=Revealing Bob Guccione, the Man Behind the Penthouse Empire |last1=Evans |first1=Claire |date=September 12, 2013 |publisher=Vice Magazine |url=https://www.vice.com/en/article/an-introduction-to-the-bob-guccione-archives-098123-v20n9/ |access-date=August 21, 2015}}</ref><ref>{{cite web| title=Report: Buyer Finds Bizarre Items In Penthouse Founder's Storage Space |date=January 29, 2013 |publisher=CBS New York |url=http://newyork.cbslocal.com/2013/01/29/report-buyer-finds-bizarre-items-in-penthouse-founders-storage-space/ |access-date=August 21, 2015}}</ref><ref>{{cite web|title='OMNI' Magazine Will Rise Again |last=Evans |first=Claire |date=June 28, 2013 |publisher=Vice Magazine |url=https://www.vice.com/en/article/from-the-archives-to-the-stars-omni-magazine-will-rise-again/ |access-date=August 21, 2015}}</ref>
==Early life and education== Frommer grew up on the East Coast and attended the [[Frisch School]] in [[Paramus, New Jersey]].<ref name= "Moss" >{{cite web|access-date=August 26, 2015| url=http://www.northjersey.com/news/pieces-of-penthouse-founder-s-erotic-collection-in-englewood-up-for-bid-1.704764| title=Pieces of Penthouse founder's erotic collection in Englewood up for bid| date=November 9, 2013| last=Moss| first=Linda| publisher=North Jersey News}}</ref> In 1987, Frommer worked as an intern in the equity division of [[Salomon Brothers]] Inc. He later graduated ''[[magna cum laude]]'' from the [[University at Albany, SUNY]], with a [[Bachelor of Arts|B.A.]] in philosophy, and studied at the [[London School of Economics]].
==Career== In 1990, Frommer began his professional career on the [[high yield bond]] and [[distressed debt]] desk at [[Kidder, Peabody & Co]].<ref name= "Moss" /> He was recruited by [[Mark Patterson (investor)|Mark Patterson]] in 1993 to the proprietary distressed debt group at BT Securities ([[Bankers Trust]]), responsible for managing trading activities for the firm's distressed debt accounts. In 1995, Frommer joined Scott Keller at Guard Hill Capital, a [[merger arbitrage]] hedge fund founded by Keller. Frommer served as a senior partner. In 1997, he left Guard Hill Capital and joined [[Royal Bank of Canada]] (RBC), where he worked for the then-head of global equity derivatives and then president/co-CEO of [[RBC Capital Markets]], Mark Standish. In 2000, Frommer was hired by [[Bank of America]], where he managed portfolios of distressed debt and merger arbitrage securities under the asset management of Jonathan Sandelman, who later founded Sandelman Partners.<ref name="Jeremy Frommer Walker Research">{{cite news|url=http://www.walkersresearch.com/profilePages/Show_Executive_Title/Executiveprofile/J/Jeremy__Frommer_400124801.html |title=Profile of Jeremy Frommer | work=Walker's Research}}</ref>
In 2002, Frommer started NextGen Trading, a software development company building proprietary equity trading platforms.<ref name="Jeremy Frommer RBC Carlin">{{cite news|url=http://www.prnewswire.com/news-releases/jeremy-frommer-named-chief-executive-officer-of-carlin-financial-group-57095132.html |title=Jeremy Frommer Named Chief Executive Officer of Carlin Financial Group | work=PR Newswire |date=2004-07-31}}</ref> In 2002, NextGen became an affiliate of Carlin Financial Group (Carlin), which bought NextGen in 2004. Frommer became president and [[Chief operating officer|COO]]<ref>{{cite web| title=Pipeline Connection Offers Carlin Financial Groups Institutional Clients Enhanced Block Execution Opportunity| date=July 9, 2009| publisher=Automated Trader| url=http://www.automatedtrader.net/news/oooooeee/95/pipeline-connection-offers-carlin-financial-groups-institutional-clients-enhanced-block-execution-opportunity| access-date=August 21, 2015| archive-date=September 23, 2015| archive-url=https://web.archive.org/web/20150923180459/http://www.automatedtrader.net/news/oooooeee/95/pipeline-connection-offers-carlin-financial-groups-institutional-clients-enhanced-block-execution-opportunity| url-status=dead}}</ref> before serving as [[CEO]] of the company.<ref name="Jeremy Frommer RBC Carlin" /> Carlin was acquired by RBC Capital Markets Corporation, on January 2, 2007, for an undisclosed amount.<ref name="Jeremy Frommer RBC PRN">{{cite news|url=http://www.prnewswire.com/news-releases/rbc-capital-markets-completes-acquisition-of-carlin-financial-group-53294102.html |title=RBC Capital Markets completes acquisition of Carlin Financial Group | work=PR Newswire |date=2007-03-01}}</ref>
At RBC, Frommer was managing director, head of the Global Prime Services group (GPS) and a member of the RBC Global Prime Equities Operating Committee. RBC's Global Prime Services incorporated the bank's global prime brokerage business and reflected the trend blurring the lines between traditional and hedge funds,<ref name="Jeremy Frommer RBC Prime">{{cite news|url=http://www.prnewswire.com/news-releases/rbc-forms-global-prime-services-group-57152972.html |title=RBC Forms Global Prime Services Group | work=PRNewswire |date=April 8, 2008}}</ref> increasing competition between prime brokers and [[custodian bank]]s.<ref name="Jeremy Frommer SecuritiesTech">{{cite news |url=http://www.securitiestechnologymonitor.com/news/22235-1.html |title=RBC Creates Global Prime Services Unit |work=Securities Technology Monitor |date=April 9, 2008 |access-date=May 16, 2013 |archive-url=https://web.archive.org/web/20180925074905/http://www.securitiestechnologymonitor.com/news/22235-1.html |archive-date=September 25, 2018 |url-status=dead }}</ref>
In 2012, Frommer acquired the creditors assets of the late media mogul [[Bob Guccione]], publisher of ''[[Penthouse (magazine)|Penthouse]], [[Omni (magazine)|Omni]], [[Viva (American magazine)|Viva]]'', [[Kathy Keeton]]'s ''Longevity'', and other periodicals.<ref>{{cite web| access-date=August 26, 2015| url=https://www.theverge.com/2013/8/8/4599134/omni-reboot-an-iconic-sci-fi-magazine-goes-back-to-the-future| title=Omni, reboot: an iconic sci-fi magazine goes back to the future| date=August 8, 2013| last=Robertson| first=Adi| publisher=The Verge}}</ref> Frommer partnered with film producer [[Rick Schwartz]] to buy the entirety of the Guccione archives, including dozens of Guccione's paintings.<ref>{{cite web|title=Introducing the Guccione Archives Issue |date=September 12, 2013 |publisher=Vice Magazine |url=https://www.vice.com/en/article/introducing-the-guccione-archives-issue/ |access-date=August 21, 2015}}</ref>
==References== {{Reflist|2}}
{{DEFAULTSORT:Frommer, Jeremy}} [[Category:American hedge fund managers]] [[Category:American philanthropists]] [[Category:Frisch School alumni]] [[Category:Living people]] [[Category:Alumni of the London School of Economics]] [[Category:American financiers]] [[Category:American chief operating officers]] [[Category:American chief executives]] [[Category:Year of birth missing (living people)]] [[Category:University at Albany alumni]]