Michael Price Obituary – Cause Of Death; Who Are Michael Price’s Wife And Children?

Michael F. Price was an American value investor and fund manager who ran the hedge fund MFP Investors LLC.

In 1974, Michael Price accepted a job with Max Heine at Mutual Series and in 1982, he became a full partner and when Heine died in 1988, he became the president and chairman.

In 1995, with his mutual fund, he famously took a position in Chase Manhattan Bank of 11 million shares or 6.1% of their stock to force them “to sell divisions or take other actions” to find a buyer to elevate the value of their stock.

Chase ultimately was sold to Chemical Banking Corp. on August 28, in a deal valued at more than $10 billion and 70% higher than his initial purchases.

In 1996, Mutual Series was merged into Franklin Templeton Investments. In 1998, Michael Price stepped down from day-to-day fund management duties but continued as chairman of the company, and in 2001, he left the firm to begin his own fund company, MFP Partners, LP.

Michael Price died on March 14, 2022 following a lengthy illness.

Michael Price was married to Jennifer and they have four children.