Samuel S. Stewart Jr., founder of money manager Wasatch Advisors, died Nov. 23 at age 79.
Mr. Stewart launched the Salt Lake City-based small-cap specialist in 1975, which now has more than $40 billion in assets under management.
Before founding Wasatch, Mr. Stewart received a combined MBA and Ph.D. in finance through the Sloan Program at Stanford University and was later a professor of finance at Columbia University, a financial analyst at the Securities and Exchange Commission, and a professor of finance at the University of Utah, where he would remain until 2000.
"Sam was a monumental mentor for me. He believed in me and gave me opportunities and responsibility long before it was rational to do so," said J.B. Taylor, current CEO of the firm, now known as Wasatch Global Investors, in an emailed statement. "He influenced me in innumerable ways — and I will always miss his laugh, his penchant for playful debate, his passion for stocks/sports/farming/film/art and his consistently positive outlook."
In 2018, Mr. Stewart left Wasatch to form Seven Canyons Advisors with his sons Josh, Spencer and son-in-law Eric.
According to an obituary posted on the website of Larkin Mortuary, viewing will take place Thursday at noon MST at Federal Heights Ward, 1300 Fairfax Road, Salt Lake City, UT 84103 followed by a service at 1 p.m. PST.