Barely Present in Negotiations, Turned Vegan and Spiritually Strengthened: Altshuler Ends a Great Career on a Sour Note
Gilad Altshuler is selling his provident fund company, which manages 112 billion shekels, in a deal where he was not present at the negotiations or the signing. The article describes how Altshuler, once a dominant figure in the Israeli capital market, ends an impressive career on a sour note, after years of weak returns, heavy redemptions, and wrong investment decisions, alongside a personal change that includes turning vegan and spiritual strengthening.
Gilad Altshuler, founder of the investment house Altshuler Shaham, is selling his provident fund company, which manages 112 billion shekels, in a deal where he was not present at the negotiations or the signing. The article describes how Altshuler, once a dominant figure in the Israeli capital market, ends an impressive career on a sour note. In recent years, the company suffered weak returns and heavy redemptions, partly due to wrong investment decisions such as a massive investment in the Chinese market. Meanwhile, Altshuler underwent a personal change that includes turning vegan and spiritual strengthening, reducing his involvement in management. The provident fund company, which at its peak was traded at a valuation of 4.4 billion shekels, is being sold at a valuation of 1.8 billion shekels. The article mentions Yair Levenstein, CEO of the provident fund activity, as a key figure who pushed the deal, and Winshel, the buyer, who is making a significant leap in the provident fund market.