Eugene Profit
Encyclopedia
Eugene A. Profit is an American investor, entrepreneur, philanthropist and former American football cornerback for the New England Patriots
and Washington Redskins
. He is the founder, president, CEO, and portfolio manager of Profit Investment Management
, an investment management firm located in the Washington, DC metropolitan area that manages approximately $2 billion in assets.
Profit’s investment philosophy and approach to valuation-sensitive growth investing has made him the subject of many profiles in the financial media including Business Week, Smart Money
, Black Enterprise
, Pension & Investments, and Investor's Business Daily
. He has also been a guest on Wall Street Week, Money Line
, CNBC
, CNN
, Bloomberg
and other prominent financial news networks.
. He received his B.A. from Yale University. During his time at Yale, he majored in economics; competed on the university’s track team, setting the school record for the 60 yard dash and long jump (which he still holds) and played on the Yale football team, receiving All-American honors.
and signed as a free agent in 1986. He played 3 seasons as a cornerback for the team before being acquired by the Washington Redskins
.
In the 1987 season, he played in seven games, making two tackles(two solos) one blocked punt vs. the Philadelphia Eagles
on November 29, 1987. He also had two special teams tackles (two solos), and knocked down one pass at Buffalo on December 20, 1987. He played in one game in the 1988 season.
After joining the Washington Redskins
in 1989, he tore a hamstring in the first exhibition game. He was given a chance to return the field contingent on him undergoing 2 years of intensive physical therapy; however, he chose to leave the National Football League
and pursue a career in financial services.
, initially exploring a career as bakery owner but quickly moved on to the financial services industry. He began as a financial consultant at Legg Mason in 1994.
In 1996, he left Legg Mason
to start his own investment management firm Profit Investment Management
, serving as the firm’s President and Chief executive Officer.
in 1996. He began as the firm’s President and Chief Executive Officer but later took on the role of Portfolio Manager in 1997.
From 1996 to 2010 he grew the firm from $300,000 under management to approximately $2 billion under management, making the firm one of the largest and most successful African-American owned businesses in the United States.
New England Patriots
The New England Patriots, commonly called the "Pats", are a professional football team based in the Greater Boston area, playing their home games in the town of Foxborough, Massachusetts at Gillette Stadium. The team is part of the East Division of the American Football Conference in the National...
and Washington Redskins
Washington Redskins
The Washington Redskins are a professional American football team and members of the East Division of the National Football Conference in the National Football League . The team plays at FedExField in Landover, Maryland, while its headquarters and training facility are at Redskin Park in Ashburn,...
. He is the founder, president, CEO, and portfolio manager of Profit Investment Management
Profit Investment Management
Profit Investment Management, LLC is a SEC registered investment advisory firm based in metropolitan Washington, DC with approximately $2 billion under management...
, an investment management firm located in the Washington, DC metropolitan area that manages approximately $2 billion in assets.
Profit’s investment philosophy and approach to valuation-sensitive growth investing has made him the subject of many profiles in the financial media including Business Week, Smart Money
Smart Money
Smart Money is a 1931 film starring Edward G. Robinson and James Cagney, the only time Robinson and Cagney made a movie together, despite being the two leading gangster actors at Warner Brothers studios all through the 1930s...
, Black Enterprise
Black Enterprise
Black Enterprise is a monthly U.S. magazine which describes itself as "the premier business news and investment resource for African Americans" and claims a readership of 3.7 million. It was founded in 1970 by Earl G. Graves, Sr.. The publication is known for its annual listing of the largest...
, Pension & Investments, and Investor's Business Daily
Investor's Business Daily
Investor's Business Daily is a national newspaper in the United States, published Monday through Friday, that covers international business, finance, and the global economy...
. He has also been a guest on Wall Street Week, Money Line
Lou Dobbs Tonight
Lou Dobbs Tonight is an American editorial commentary and discussion program hosted by Lou Dobbs, previously broadcast on CNN and currently on Fox Business Network. The hour-long show aired live on evenings every weekday, and was replayed in the overnight/early morning hours. It covered the major...
, CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
, Bloomberg
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
and other prominent financial news networks.
Early life
Eugene was born in Baton Rouge, Louisiana in 1964. He grew up with four siblings and his mother Shirley Profit in Los Angeles, California, and attended Serra High SchoolJunípero Serra High School (Gardena, California)
Junípero Serra High School is a private, Roman Catholic high school in Gardena, California, a suburban city located 14 miles southwest from downtown Los Angeles. Honored as a State School of the Year, Serra is operated by the Roman Catholic Archdiocese of Los Angeles.-Background:Junípero Serra High...
. He received his B.A. from Yale University. During his time at Yale, he majored in economics; competed on the university’s track team, setting the school record for the 60 yard dash and long jump (which he still holds) and played on the Yale football team, receiving All-American honors.
College Football Record
During his first season of varsity football as a sophomore in 1983, he was involved in 40 tackles (25 solos) and recovered one fumble. He set Yale single season records for kick returns (20) and kick return yardage (328) for a 16.4 average. He also had three receptions for 55 yards (18.3 average) from wingback spot, rushed the ball four times for 19 yards (4.8 average) and threw one pass (incomplete). During his junior year, Eugene moved from wingback position to defensive back. He spent his entire senior year (1985) in the defensive backfield and started all 10 games for 4-4-1 club beating rival Harvard in The Game, 17-6. He had one interception, a 37 yard return, vs. Holy Cross and was selected honorable mention All-Ivy.Time in the NFL
After graduating from Yale[wiki link], he was immediately recruited by the New England PatriotsNew England Patriots
The New England Patriots, commonly called the "Pats", are a professional football team based in the Greater Boston area, playing their home games in the town of Foxborough, Massachusetts at Gillette Stadium. The team is part of the East Division of the American Football Conference in the National...
and signed as a free agent in 1986. He played 3 seasons as a cornerback for the team before being acquired by the Washington Redskins
Washington Redskins
The Washington Redskins are a professional American football team and members of the East Division of the National Football Conference in the National Football League . The team plays at FedExField in Landover, Maryland, while its headquarters and training facility are at Redskin Park in Ashburn,...
.
NFL Record
Profit played in his first pro game at New Orleans on 11-30-86, blocking a punt with 3:41 left. He played in the last four regular season games with three first-hit tackles from the line of scrimmage and at Denver in the playoff game with one first-hit tackle from the line of scrimmage.In the 1987 season, he played in seven games, making two tackles(two solos) one blocked punt vs. the Philadelphia Eagles
Philadelphia Eagles
The Philadelphia Eagles are a professional American football team based in Philadelphia, Pennsylvania. They are members of the East Division of the National Football Conference in the National Football League...
on November 29, 1987. He also had two special teams tackles (two solos), and knocked down one pass at Buffalo on December 20, 1987. He played in one game in the 1988 season.
After joining the Washington Redskins
Washington Redskins
The Washington Redskins are a professional American football team and members of the East Division of the National Football Conference in the National Football League . The team plays at FedExField in Landover, Maryland, while its headquarters and training facility are at Redskin Park in Ashburn,...
in 1989, he tore a hamstring in the first exhibition game. He was given a chance to return the field contingent on him undergoing 2 years of intensive physical therapy; however, he chose to leave the National Football League
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
and pursue a career in financial services.
Post NFL
After injuring his hamstring, Profit left the National Football LeagueNational Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
, initially exploring a career as bakery owner but quickly moved on to the financial services industry. He began as a financial consultant at Legg Mason in 1994.
In 1996, he left Legg Mason
Legg Mason
Legg Mason, Inc. is an American-based global investment management firm with a focus on asset management. The company’s business is divided in two divisions: Americas and International...
to start his own investment management firm Profit Investment Management
Profit Investment Management
Profit Investment Management, LLC is a SEC registered investment advisory firm based in metropolitan Washington, DC with approximately $2 billion under management...
, serving as the firm’s President and Chief executive Officer.
Profit Investments
Profit founded Profit Investment ManagementProfit Investment Management
Profit Investment Management, LLC is a SEC registered investment advisory firm based in metropolitan Washington, DC with approximately $2 billion under management...
in 1996. He began as the firm’s President and Chief Executive Officer but later took on the role of Portfolio Manager in 1997.
From 1996 to 2010 he grew the firm from $300,000 under management to approximately $2 billion under management, making the firm one of the largest and most successful African-American owned businesses in the United States.