Douglas G. Ober
Encyclopedia
Douglas G. Ober is the Chairman and Chief Executive Officer of two closed-end funds, The Adams Express Company
and Petroleum & Resources Corporation
, with combined assets of more than $1.7 billion for the year-ended 2009. Both funds have been investment companies, traded on the New York Stock Exchange, since 1929, with Adams Express having previously been involved in a nationwide delivery business. Mr. Ober joined the firms in 1980 as a research analyst, became a member of the portfolio management team in 1986, and was elected Chairman of the companies in 1991.
, a Masters in Finance from Loyola College in Baltimore, Maryland, and a certificate from the Advanced Management Program of the Wharton School of the University of Pennsylvania
. He is also a graduate of the U.S. Naval Test Pilot School.
, Mr. Ober is a member of the Baltimore Security Analysts Society, the New York Society of Security Analysts
, and is a past representative of closed-end funds on the Board of Governors of the Investment Company Institute
. He is currently a member of the Executive Committee of the Closed-End Fund Association.
• Petroleum & Resources Corporation Management Team http://www.peteres.com/about-us/management-team
Adams Express Company
The Adams Express Company is a publicly traded diversified equity fund that traces its roots to a 19th century freight and cargo transport company. The Company uses a conservative investment philosophy, and the portfolio is managed with the expectation that it will generate solid returns with...
and Petroleum & Resources Corporation
Petroleum & Resources Corporation
-Overview:Petroleum & Resources Corp. is a closed-end investment company, specializing in securities of companies engaged in petroleum, natural resources or related industries or in interests in petroleum or natural resources. The company has consistently owned shares of a representative group of...
, with combined assets of more than $1.7 billion for the year-ended 2009. Both funds have been investment companies, traded on the New York Stock Exchange, since 1929, with Adams Express having previously been involved in a nationwide delivery business. Mr. Ober joined the firms in 1980 as a research analyst, became a member of the portfolio management team in 1986, and was elected Chairman of the companies in 1991.
Early career
Prior to his employment at Adams Express and Petroleum & Resources, Mr. Ober was employed at the First National Bank of Maryland for eight years in commercial lending. Previous employment, from 1968 until 1971, was with the U.S. Naval Air Test Center as a Test Project Engineer.Education
Mr. Ober received his Bachelor of Science in Engineering from Princeton UniversityPrinceton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
, a Masters in Finance from Loyola College in Baltimore, Maryland, and a certificate from the Advanced Management Program of the Wharton School of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
. He is also a graduate of the U.S. Naval Test Pilot School.
Associations
A Chartered Financial AnalystChartered Financial Analyst
The Chartered Financial Analyst Program is a graduate level self-study program offered by the CFA Institute to investment and financial professionals...
, Mr. Ober is a member of the Baltimore Security Analysts Society, the New York Society of Security Analysts
New York Society of Security Analysts
The New York Society of Security Analysts was established in 1937 by a group of financial professionals that included Benjamin Graham, a pioneer in the financial industry...
, and is a past representative of closed-end funds on the Board of Governors of the Investment Company Institute
Investment Company Institute
The Investment Company Institute is the national association of U.S. investment companies. ICI encourages adherence to high ethical standards, promotes public understanding of funds and investing, and advances the interests of investment funds and their shareholders, directors, and advisers.As of...
. He is currently a member of the Executive Committee of the Closed-End Fund Association.
External links
• Adams Express Company Management Team http://www.adamsexpress.com/about-adams-express/management-team• Petroleum & Resources Corporation Management Team http://www.peteres.com/about-us/management-team