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'''Emmanuel Lemelson''' (born Gregory M. Lemelson) is a [[Greek Orthodox Church|Greek Orthodox]] priest, [[hedge fund]] manager and social activist.<ref name=MetroWest>[http://www.metrowestdailynews.com/article/20140616/News/140619938 "Rev. Fr. Emmanuel Lemelson," ''The MetroWest Daily News'', June 16, 2014], Retrieved June 23, 2013.</ref><ref name=Lantern>[http://phanarion.org/leadership/3-directors/7-rev-fr-emmanuel-lemelson/7-rev-fr-emmanuel-lemelson The Lantern Foundation official website, "Leadership"], Retrieved April 24, 2014.</ref> He is the chief investment officer of [[Lemelson Capital Management]], the sole sponsor and general partner of the Amvona Fund, LP, which several times has been named the world's top performing hedge fund according to financial media outlets
'''Emmanuel Lemelson''' (born Gregory M. Lemelson) is a [[Greek Orthodox Church|Greek Orthodox]] priest, [[hedge fund]] manager and social activist.<ref name=MetroWest>[http://www.metrowestdailynews.com/article/20140616/News/140619938 "Rev. Fr. Emmanuel Lemelson," ''The MetroWest Daily News'', June 16, 2014], Retrieved June 23, 2013.</ref><ref name=Lantern>[http://phanarion.org/leadership/3-directors/7-rev-fr-emmanuel-lemelson/7-rev-fr-emmanuel-lemelson The Lantern Foundation official website, "Leadership"], Retrieved April 24, 2014.</ref> He is the chief investment officer of [[Lemelson Capital Management]], the sole sponsor and general partner of the Amvona Fund, LP, which several times has been named the world's top performing hedge fund according to financial media outlets
[[The Wall Street Journal]], ''[[Barron's (newspaper)|Barron's]],'' BarclayHedge and Prequin.<ref name=Author>[http://seekingalpha.com/news/1431301-sa-author-amvona-ranks-first-among-hedge-funds-again “SA author ranks first among hedge funds, again,” Seeking Alpha, November 25, 2013], Retrieved April 24, 2014.</ref><ref name=HFG>[http://hedgefundgroup.org/worlds-top-performing-hedge-funds.html "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG], Retrieved June 4, 2014.</ref>
[[The Wall Street Journal]], ''[[Barron's (newspaper)|Barron's]],'' BarclayHedge and Prequin.<ref name=Author>[http://seekingalpha.com/news/1431301-sa-author-amvona-ranks-first-among-hedge-funds-again “SA author ranks first among hedge funds, again,” Seeking Alpha, November 25, 2013], Retrieved April 24, 2014.</ref><ref name=HFG>[http://hedgefundgroup.org/worlds-top-performing-hedge-funds.html "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG], Retrieved June 4, 2014.</ref>

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His investment research and analysis has been cited regularly in [[USA Today]], [[New York Post]], [[The Washington Post]], [[CBS News]], [[Fox News]], [[The Boston Herald]] and [[TheStreet.com|The Street]] and credited with influencing share prices in publicly traded companies.<ref name=Strauss>[http://www.usatoday.com/story/money/markets/2014/04/07/world-wrestling-gets-wall-street-style-take-down/7418043/ ”World Wrestling pummeled four out of five rounds this week,” by Gary Strauss, ''USA Today'', April 11, 2014], Retrieved April 24, 2014.</ref><ref name=KS>[http://www.usatoday.com/story/money/markets/2014/04/22/kulicke--soffa-shares-rocket-after-investor-urges-buyback/8016399/ "Kulicke & Soffa shares surge after investor urges buyback," by Gary Strauss, ''USA Today'', April 22, 2014.], Retrieved April 24, 2014.</ref> His investment philosophy has focused on [[value investing|deep value]] and [[special situation]]s.<ref>[http://lemelsoncapital.com/index.php?option=com_content&view=article&id=1&Itemid=101 "Lemelson Capital Management" official website], Retrieved July 7, 2014.</ref>


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His investment research and analysis has been cited regularly in [[USA Today]], [[New York Post]], [[The Washington Post]], [[CBS News]], [[Fox News]], [[The Boston Herald]] and [[TheStreet.com|The Street]] and credited with influencing share prices in publicly traded companies.<ref name=Strauss>[http://www.usatoday.com/story/money/markets/2014/04/07/world-wrestling-gets-wall-street-style-take-down/7418043/ ”World Wrestling pummeled four out of five rounds this week,” by Gary Strauss, ''USA Today'', April 11, 2014], Retrieved April 24, 2014.</ref><ref name=KS>[http://www.usatoday.com/story/money/markets/2014/04/22/kulicke--soffa-shares-rocket-after-investor-urges-buyback/8016399/ "Kulicke & Soffa shares surge after investor urges buyback," by Gary Strauss, ''USA Today'', April 22, 2014.], Retrieved April 24, 2014.</ref> His investment philosophy has focused on [[value investing|deep value]] and [[special situation]]s.<ref>[http://lemelsoncapital.com/index.php?option=com_content&view=article&id=1&Itemid=101 "Lemelson Capital Management" official website], Retrieved July 7, 2014.</ref>
Lemelson is also the founder of The Lantern Foundation, which focuses on supporting religious, charitable and educational causes with a special focus on those associated with the [[Ecumenical Patriarchate of Constantinople]].<ref name=Lantern/><ref name="video.foxnews.com">[http://video.foxnews.com/v/3925438355001/pope-calls-for-an-end-to-religious-extremism/#sp=show-clips "Pope calls for an end to religious extremism," Fox News, December 5, 2014], Retrieved December 9, 2014.</ref>
Lemelson is also the founder of The Lantern Foundation, which focuses on supporting religious, charitable and educational causes with a special focus on those associated with the [[Ecumenical Patriarchate of Constantinople]].<ref name=Lantern/><ref name="video.foxnews.com">[http://video.foxnews.com/v/3925438355001/pope-calls-for-an-end-to-religious-extremism/#sp=show-clips "Pope calls for an end to religious extremism," Fox News, December 5, 2014], Retrieved December 9, 2014.</ref>


==Early life and education==
==Early life and education==
Lemelson was born Gregory M. Lemelson in [[Phoenix, Arizona]], the son of Larry R. and Katerina C. Lemelson. He attended [[Geschwister-Scholl-Schule (Tübingen)|Geschwister-Scholl-Schule]] in [[Tübingen]], Germany and then [[Mercer Island High School]] in [[Mercer Island, Washington]]], where he graduated in 1993.{{citation needed|date=April 2015}} Lemelson attended [[Seattle University]], where he received a [[Bachelor of Arts]] in [[Religious studies|Theology and Religious Studies]] in 1999, and then [[Hellenic College Holy Cross Greek Orthodox School of Theology]], where he received a [[Master of Divinity]].<ref name=Lantern/><ref name=Amvona>[http://www.amvona.com/featured/economic-analysis/itemlist/user/44-fr-emmanuel-lemelson ”Fr. Emmanuel Lemelson,” Amvona.com.], Retrieved April 24, 2014.</ref><ref name=TBP>{{cite news|url=http://www.thebostonpilot.com/article.asp?ID=172614|title=Some see unity vision reignited by pope, patriarch's gestures in Turkey|last=Tracy|first=Tom|date=December 3, 2014|work=The Pilot|publisher=Pilot Media Group|accessdate=29 April 2015}}</ref>
Lemelson was born Gregory M. Lemelson in [[Phoenix, Arizona]], the son of Larry R. and Katerina C. Lemelson. He attended [[Geschwister-Scholl-Schule (Tübingen)|Geschwister-Scholl-Schule]] in [[Tübingen]], Germany and then [[Mercer Island High School]] in [[Mercer Island, Washington]]], where he graduated in 1993. 2015
Lemelson attended [[Seattle University]], where he received a [[Bachelor of Arts]] in [[Religious studies|Theology and Religious Studies]] in 1999, and then [[Hellenic College Holy Cross Greek Orthodox School of Theology]], where he received a [[Master of Divinity]].<ref name=Lantern/><ref name=Amvona>[http://www.amvona.com/featured/economic-analysis/itemlist/user/44-fr-emmanuel-lemelson ”Fr. Emmanuel Lemelson,” Amvona.com.], Retrieved April 24, 2014.</ref><ref name=TBP>{{cite news|url=http://www.thebostonpilot.com/article.asp?ID=172614|title=Some see unity vision reignited by pope, patriarch's gestures in Turkey|last=Tracy|first=Tom|date=December 3, 2014|work=The Pilot|publisher=Pilot Media Group|accessdate=29 April 2015}}</ref>

While an undergraduate at Seattle University, Lemelson met [[Robert Spitzer (priest)|Jesuit Fr. Robert Spitzer, SJ]], a prominent [[Society of Jesus|Jesuit]] philosopher and former President of [[Gonzaga University]]. Lemelson says that the encounter was a "moment of violent collision of secular conquests with God’s will",<ref name=Lantern/><ref name=Amvona/> and that it proved influential in the development of his theological career.<ref name=MetroWest>[http://www.metrowestdailynews.com/article/20140616/News/140619938 "Rev. Fr. Emmanuel Lemelson," ''The MetroWest Daily News'', June 16, 2014], Retrieved June 23, 2013.</ref>


==Business career==
==Business career==
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In 1994, Lemelson, then known as Gregory Lemelson, began a retail photo business as an undergraduate student at Seattle University. Later, also as a Seattle University student, he founded Amvona, an online retail website.<ref>[http://www.scribd.com/doc/237329768/High-Flying-Fund-May-Bar-Entry "High-Flying Fund May Bar Entry," Hedge Fund Alert, August 20, 2014], Retrieved September 11, 2014.</ref> The company, whose name is derived from the [[Greek language|Greek]] word for “pulpit,” went on to generate $40 million in revenue.<ref name="thesunchronicle.com">[http://www.thesunchronicle.com/news/frugal-business/article_b6402537-fb71-503d-8dfb-59a9b3b00b09.html ”Frugal business: Mansfield CEO never lost sight of the bottom line,” by Rick Foster, ''The Sun-Chronicle'', May 16, 2009.], Retrieved April 24, 2014.</ref>
In 1994, Lemelson, then known as Gregory Lemelson, began a retail photo business as an undergraduate student at Seattle University. Later, also as a Seattle University student, he founded Amvona, an online retail website.<ref>[http://www.scribd.com/doc/237329768/High-Flying-Fund-May-Bar-Entry "High-Flying Fund May Bar Entry," Hedge Fund Alert, August 20, 2014], Retrieved September 11, 2014.</ref> The company, whose name is derived from the [[Greek language|Greek]] word for “pulpit,” went on to generate $40 million in revenue.<ref name="thesunchronicle.com">[http://www.thesunchronicle.com/news/frugal-business/article_b6402537-fb71-503d-8dfb-59a9b3b00b09.html ”Frugal business: Mansfield CEO never lost sight of the bottom line,” by Rick Foster, ''The Sun-Chronicle'', May 16, 2009.], Retrieved April 24, 2014.</ref>


In 1999, Lemelson launched Amvona.com. In 2005, the site began a transition to a hybrid platform of social networking and ecommerce content.<ref name="thesunchronicle.com"/><ref name="Apple Sued 2006">[http://mashable.com/2006/12/30/amvona-720%C2%B0-apple-sued-google-video-feature-2007-predictions/ “Amvona 720, Apple Sued, Google Video Featured, 2007 Predictions,” by Pete Cashmore, Mashable, December 30, 2006.], Retrieved April 24, 2014.</ref> By the end of 2012, the same technology was being used in the tracking of user activities by [[Facebook]] and other social media outlets.<ref name=Batteries>[http://seekingalpha.com/article/657331-on-the-value-of-users-hard-drives-and-batteries-part-1 "On the Value of Users, Hard Drives and Batteries," Part 1, Seeking Alpha, June 13, 2012.], Retrieved April 24, 2014.</ref>
In 1999, Lemelson launched Amvona.com. In 2005, the site began a transition to a hybrid platform of social networking and ecommerce content.<ref name="thesunchronicle.com"/><ref name="Apple Sued 2006">[http://mashable.com/2006/12/30/amvona-720%C2%B0-apple-sued-google-video-feature-2007-predictions/ “Amvona 720, Apple Sued, Google Video Featured, 2007 Predictions,” by Pete Cashmore, Mashable, December 30, 2006.], Retrieved April 24, 2014.</ref> By the end of 2012, the same technology was being used in the tracking of user activities by [[Facebook]] and other social media outlets.<ref name=Batteries>[http://seekingalpha.com/article/657331-on-the-value-of-users-hard-drives-and-batteries-part-1 "On the Value of Users, Hard Drives and Batteries," Part 1, Seeking Alpha, June 13, 2012.], Retrieved April 24, 2014.</ref>


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Lemelson later added a news and analysis content outlet for the site focused on issues of faith, technology, economics and investing.<ref name="thesunchronicle.com"/><ref>[http://digitaljournal.com/article/346179 ”Blogs remaining free in an era of online paywalls, paid content,” by Andrew Moran, Digital Journal, March 21, 2013.], Retrieved April 24, 2014., Retrieved April 24, 2014.</ref>
By 2007, Lemelson developed technology to link media creation to relevant products using [[Exchangeable image file format|exif]] data and aggregating shared images of the site’s users as a prototype first known as “Amvona Trails” and later rebranded as the independent website Flekt.<ref name="thesunchronicle.com"/><ref>[http://www.killerstartups.com/blog/amvona-com-buy-studio-equipment-socialize “Amvona.com: Buy Equipment, Socialize,” Killer Startups], Retrieved April 24, 2014.</ref><ref>[http://mashable.com/2008/02/21/amvona-trail/ ”Amvona Launches Site-Specific Search for Photographers,” by Kristen Nicole, Mashable, February 21, 2008], Retrieved July 8, 2014.</ref>
*”SEC Social Media Ruling Makes Investing Playground Interesting,” by David Goehst, Technorati, April 5, 2013, Retrieved July 8, 2014,[http://technorati.com/business/finance/article/sec-social-media-ruling-makes-investing/].

*”Amvona Launches Site-Specific Search for Photographers,” by Kristen Nicole, Mashable, February 21, 2008, Retrieved July 8, 2014,[http://mashable.com/2008/02/21/amvona-trail/].</ref>
⚫
Lemelson later added a news and analysis content outlet for the site focused on issues of faith, technology, economics and investing.<ref name="thesunchronicle.com"/><ref>[http://digitaljournal.com/article/346179 ”Blogs remaining free in an era of online paywalls, paid content,” by Andrew Moran, Digital Journal, March 21, 2013.], Retrieved April 24, 2014., Retrieved April 24, 2014.</ref>


===Investor activism===
===Investor activism===


In September 2012, Lemelson founded Lemelson Capital Management, LLC, the sole sponsor and general partner of The Amvona Fund, L.P., a hedge fund. Since its inception, Lemelson has served as the fund's chief investment officer. The fund had been named three times in 2013–14 by ''[[Barron's (newspaper)|Barron's]]'' as one of the world's top performing hedge funds.<ref name=Author/><ref name=HFG>[http://hedgefundgroup.org/worlds-top-performing-hedge-funds.html "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG], Retrieved June 4, 2014.</ref>
In September 2012, Lemelson founded Lemelson Capital Management, LLC, the sole sponsor and general partner of The Amvona Fund, L.P., a hedge fund. Since its inception, Lemelson has served as the fund's chief investment officer. The fund had been named three times in 2013–14 by ''[[Barron's (newspaper)|Barron's]]'' as one of the world's top performing hedge funds.<ref name=Author/><ref name=HFG>[http://hedgefundgroup.org/worlds-top-performing-hedge-funds.html "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG], Retrieved June 4, 2014.</ref>
*"Lemelson Capital Ranks Among Top HFs with 17% Gain in April," by VW Staff, ValueWalk, May 27, 2014, Retrieved July 9, 2014,[http://www.valuewalk.com/2014/05/lemelson-capital-ranks-among-top-hfs-17-gain-april/].
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Lemelson also has gained notability for his analysis of equities, which has moved share prices in several publicly traded companies.<ref name=Schiavo>[http://www.thestreet.com/story/12667421/1/why-world-wrestling-entertainment-wwe-stock-finished-down-today.html ”Why World Wrestling Entertainment (WWE) Finished Down Today,” by Amanda Schiavo, The Street, April 11, 2014], Retrieved April 24, 2014.</ref>
*"Barron's Names Lemelson Fund as April's Top HF," Evestment, May 28, 2014, Retrieved July 9, 2014,[https://www.evestment.com/news-events/industry-news/2014/05/28/barron's-names-lemelson-fund-as-april's-top-hf].</ref> In May 2013, Lemelson Capital Management was ranked by [[Morningstar, Inc.|Morningstar]] in the top one percent of its peer group in its "U.S. Long/Short Equity" category. In 2014, the fund was named by [[Preqin]] as one of the world's top performing event-driven hedge funds.<ref>[http://lemelsoncapital.com/index.php?option=com_k2&view=item&layout=item&id=5&Itemid=274 "Investment Philosophy," Lemelson Capital Management], Retrieved September 12, 2014.</ref> From its September 2012 inception through May 2014, the fund returned a compounded annual gain of 85.15 percent and an overall gain of 193.65 percent.<ref name=HFG>[http://hedgefundgroup.org/worlds-top-performing-hedge-funds.html "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG], Retrieved June 7, 2014.</ref><ref>[http://www.valuewalk.com/2014/05/lemelson-capital-ranks-among-top-hfs-17-gain-april/ "Lemelson Capital Ranks Among Top HFs with 17% Gain in April," by VW Staff, ValueWalk, May 27, 2014], Retrieved June 4, 2014.</ref><ref>Other sources:
*"Barron's Names Lemelson Fund as April's Top HF," Evestment, May 28, 2014, Retrieved July 8, 2014,[https://www.evestment.com/news-events/industry-news/2014/05/28/barron's-names-lemelson-fund-as-april's-top-hf].</ref>

⚫
Lemelson also has gained notability for his analysis of equities, which has moved share prices in several publicly traded companies.<ref name=Schiavo>[http://www.thestreet.com/story/12667421/1/why-world-wrestling-entertainment-wwe-stock-finished-down-today.html ”Why World Wrestling Entertainment (WWE) Finished Down Today,” by Amanda Schiavo, The Street, April 11, 2014], Retrieved April 24, 2014.</ref>
*“WWE profitable or on the ropes,” by Sarah Barry James, SNL Kagan, April 15, 2014, Retrieved July 8, 2014,[http://www.snl.com/InteractiveX/Article.aspx?cdid=A-27730687-11817].
*”David Sims in Washington, Amvona Gets in Right on WWE, Steven Reiman on SA’s Power,” by Colin Lokey, Seeking Alpha, April 12, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/instablog/984857-sa-editor-colin-lokey/2832773-david-sims-in-washington-amvona-gets-it-right-on-wwe-steven-reiman-on-sas-power].
*”WWE Has Monster Run, But Could It Soon Be Slammed?” by Joel Elconin, Benzinga, April 4, 2014, Retrieved July 8, 2014,[http://www.benzinga.com/trading-ideas/long-ideas/14/04/4447772/wwe-has-monster-run-but-could-it-soon-be-slammed].</ref> On March 17, 2014<ref name=Alpha>[http://amvona.com/featured/finding-alpha/item/34691-the-short-case-for-world-wrestling-entertainment ”The Short Case for World Wrestling Entertainment,” Lemelson Capital Management, March 17, 2014.], Retrieved April 24, 2014.</ref> and again on April 8, 2014,<ref>[http://www.prnewswire.com/news-releases/lemelson-capital-reaffirms-short-call-on-world-wrestling-entertainment-wwe-254617371.html ”Lemelson Capital Reaffirms Short Call on World Wrestling Entertainment (WWE): Shares Fairly Priced Between $8.25 and $11.88,” Lemelson Capital Management, April 9, 2014], Retrieved April 24, 2014.</ref> for instance, Lemelson published analysis that [[WWE|World Wrestling Entertainment]] (WWE) was substantially [[Valuation risk|overvalued]] and should be [[short (finance)|shorted]].<ref name=Alpha/> His analysis was credited by ''[[USA Today]]'', [[TheStreet.com|The Street]], [[Seeking Alpha]] and other media outlets with an $800 million drop in the [[market capitalization]] of the stock between March 18 and April 20, 2014.<ref name=KS/><ref name=Schiavo/><ref>Other sources:
*”WWE can’t pull out of slide,” Seeking Alpha, April 11, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/news/1671623-wwe-cant-pull-out-of-slide].
*”David Sims in Washington, Amvona Gets in Right on WWE, Steven Reiman on SA’s Power,” by Colin Lokey, Seeking Alpha, April 12, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/instablog/984857-sa-editor-colin-lokey/2832773-david-sims-in-washington-amvona-gets-it-right-on-wwe-steven-reiman-on-sas-power].
*"World Wrestling Entertainment: Why Investors Should Stay Away," by David Tristan Liu, Seeking Alpha, June 3, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/article/2250153-world-wrestling-entertainment-why-investors-should-stay-away].</ref>

On May 16, 2014, following a $1.4 billion (63 percent) loss in WWE's market capitalization since Lemelson Capital Management's initial March 17, 2014 short call, the firm announced that it had reversed its short position and was now long WWE stock.<ref name=Management>[http://seekingalpha.com/article/2223373-lemelson-capital-announces-stake-in-world-wrestling-entertainment-and-calls-on-board-to-pursue-new-management-or-ownership "Lemelson Capital Management announces stake in World Wrestling Entertainment and calls on board to pursue new management or ownership," Seeking Alpha, May 16, 2014], Retrieved May 18, 2014.</ref><ref name=McMahon>[http://seekingalpha.com/news/1757693-wwes-stock-smackdown-is-a-blow-to-vince-mcmahons-credibility?app=1&uprof=32 "WWE's stock smackdown is a blow to Vince McMahon's credibility," "Breaking News," Seeking Alpha, May 17, 2014], Retrieved May 18, 2014.</ref> Simultaneously, the firm called for the replacement of WWE's executive management team or a sale of the company.<ref name=Management/><ref name=McMahon/><ref>Other sources:
*"Should the McMahons Still Be Running WWE," by Daniel Kline, The Motley Fool, June 7, 2014, Retrieved September 12, 2014,[http://www.fool.com/investing/general/2014/06/07/should-the-mcmahons-still-be-running-wwe.aspx].
*"WWE stock in sleeper hold as subscriptions stall," by Richard Morgan, ''New York Post'', November 27, 2014, Retrieved December 3, 2014,[http://nypost.com/2014/11/27/wwe-stock-in-sleeper-hold-as-subscriptions-stall/].
*"Lemelson shrugs as WWE preens," FINAlternatives, December 12, 2014, Retrieved May 30, 2015,[http://www.finalternatives.com/node/29362?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Finalternatives+%28FINalternatives+Hedge+Fund+News%29].
*"Emmanuel Lemelson questions leadership, strategy at WWE," FINAlternatives, March 19, 2015, retrieved May 30, 2015,[http://www.finalternatives.com/node/30281].</ref> This followed what Lemelson Capital Management said was "a period of ongoing losses, execution failures and material misstatements."<ref name="Management"/><ref name="McMahon"/><ref>Other sources:
*"Lemelson goes long World Wrestling Entertainment, Inc.," by VW Staff, Value Walk, May 16, 2016, Retrieved July 8, 2014,[http://www.valuewalk.com/2014/05/lemelson-goes-long-world-wrestling-entertainment-inc-wwe/].
*"Investment firm attempting hostile takeover of WWE?" Augusta Free Press, May 17, 2014, Retrieved July 8, 2014,[http://augustafreepress.com/investment-firm-attempting-hostile-takeover-wwe/].
*"Firm buys stake in WWE, wants new executive management team," TWNP Wrestling News, May 16, 2014, Retrieved July 8, 2014,[http://www.twnpnews.com/2014/05/firm-buys-stake-wwe-wants-new-executive-management-team/].
*"WWE News: Vince McMahon loses $350 million in one day, could be forced out as CEO," Inquisitr, Retrieved July 8, 2014,[http://www.inquisitr.com/1259569/wwe-news-vince-mcmahon-loses-350-million-in-one-day-could-be-forced-out-as-ceo/].
*"Will the WWE Network ever make money," by Daniel Kline, The Motley Fool, May 20, 2014, Retrieved July 8, 2014,[http://www.fool.com/investing/general/2014/05/20/when-will-the-wwe-network-break-even.aspx].
*"WWE/NBC rights deal: The red wedding," by Sarah Barry James, SNL Financial, May 19, 2014, Retrieved July 8, 2014,[http://www.snl.com/InteractiveX/Article.aspx?cdid=A-28155081-12082].
*"Biggest takeaways from WWE's May 19 business outlook investor call," by Chris Mueller, Bleacher Report, May 19, 2014, Retrieved July 8, 2014,[http://bleacherreport.com/articles/2068702-biggest-takeaways-from-wwes-may-19-business-outlook-investor-call].
*"Is Vince McMahon still the right man to lead WWE?" by Sam Moore, Yahoo, May 19, 2014, Retrieved July 8, 2014,[https://uk.tv.yahoo.com/vince-mcmahon-still-man-lead-wwe-105800052.html].
*"Vince McMahon to be removed from the WWE," by Michael Panter, GiveMeSport, May 19, 2014, Retrieved July 8, 2014,[http://www.givemesport.com/467295-vince-mcmahon-to-be-removed-from-the-wwe].
*"WWE stands to lose $45-$52 million in 2014: Investors to question Vince McMahon health on Monday?" by Jack Jorgensen, Fansided, ''Sports Illustrated'', May 19, 2014, Retrieved July 8, 2014,[http://fansided.com/2014/05/18/wwe-stands-lose-45-52-million-2014-investors-question-vince-mcmahon-health-monday/#!PjzD4].</ref> Several hours after the firm's announcement, former Louisiana Attorney General Charles Foti announced that his law firm would begin an investigation into whether WWE had violated state or federal securities law.<ref>[http://www.marketwatch.com/story/wwe-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-world-wrestling-entertainment-inc-following-disclosure-of-disappointing-distribution-agreement-2014-05-16?reflink=MW_news_stmp "WWE investigation initiated by former Louisiana Attorney General: Kahn, Swick & Foti, LLC investigates World Wrestling Entertainment following disclosure of disappointing distribution agreement," Business Wire, May 16, 2014], Retrieved May 18, 2014</ref> Following Lemelson's May 16, 2014 call for changes at WWE, the company announced that it was cutting its staff by seven percent and its stock price appreciated from its May 16, 2014 closing price of $11.27 to $16.40 on February 13, 2015.<ref>[http://www.benzinga.com/general/movers-shakers/14/09/4843791/lemelson-takes-down-wwe-and-brings-it-back-up "Lemelson Takes Down WWE and Brings it Back Up," by Joel Elconin, Benzinga, September 11, 2014], Retrieved September 11, 2014.</ref><ref>[http://www.benzinga.com/general/movers-shakers/15/02/5241098/wwe-puts-choke-hold-on-doubters-rev-emmanuel-lemelson-was-right?utm_source=dlvr.it&utm_medium=twitter "WWE puts 'choke hold' on doubters: Rev. Emmanuel Lemelson was right along," by Joel Elconin, Benzinga, February 13, 2015], retrieved May 30, 2015.</ref> On March 30, 2015, ''USA Today'' reported that Lemelson, in February 2015, had sold his stake in WWE at $16.50.<ref>[http://americasmarkets.usatoday.com/2015/03/30/smack-down-at-world-wide-entertainment/ "Smack down at World Wrestling Entertainment," by Gary Strauss, ''USA Today'', March 30, 2015], Retrieved May 30, 2015.</ref><ref>[http://online.barrons.com/articles/stocks-climb-2-as-nasdaq-tops-15-year-record-1429934540 "Stocks climb 2% as NASDAQ tops 15-year record," by Vito J. Racenlli, ''Barron's'', April 25, 2014], Retrieved May 30, 2015.</ref>

On April 22, 2014, Lemelson's announcement that his firm was building a stake in the stock of [[semiconductor]] and [[Light-emitting diode|LED]] equipment maker Kulicke & Soffa Industries and urging the company to authorize a [[share repurchase]] plan<ref>[http://seekingalpha.com/article/2155133-open-letter-to-kulicke-and-soffas-ceo "Open Letter to Kulicke & Soffa's CEO," Seeking Alpha, April 22, 2014], Retrieved April 29, 2014.</ref><ref>[http://www.valuewalk.com/2014/04/kulicke-and-soffa-industries/ "Kulicke and Soffa Industries: Large Cash Pile and Activist Involvement," by Alex Gavrish, ValueWalk, April 29, 2014], Retrieved April 29, 2014</ref> sent shares of the stock soaring ten percent.<ref name=KS/><ref name="Kulicke 2014">[http://seekingalpha.com/news/1686773-kulicke-and-soffa-jumps-activist-discloses-stake-calls-for-buyback "Kulicke & Soffa jumps; activist discloses stake, calls for buyback," Seeking Alpha, April 22, 2014], Retrieved April 24, 2014.</ref><ref>Other sources:
*"Kulicke & Soffa Industries soars on strong FQ3 guidance," Seeking Alpha, April 29, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/news/1704383-kulicke-and-soffa-soars-on-strong-fq3-guidance].
*"Kulicke & Soffa higher on bullish b. Riley note," Seeking Alpha, June 4, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/news/1784993-kulicke-and-soffa-higher-on-bullish-b-riley-note?app=1&uprof=32].</ref> Following the call, ''USA Today'' reported:
{{cquote|text=Kulicke & Soffa Industries jumped nearly 10% Tuesday after Lemelson Capital Management announced it was building a stake in the semiconductor and LED equipment maker, saying the company is "absurdly" undervalued... Lemelson made news earlier this month when the investment firm said pro wrestling firm World Wrestling Entertainment was way overvalued, sending the shares down more than 35%.<ref name=KS/>}} Four months later, on August 27, 2014, Kulicke & Soffa heeded Lemelson's share repurchase recommendation, announcing that its Board of Directors had authorized a share purchase of up to $100 million.<ref>[http://seekingalpha.com/news/1955405-kulicke-and-soffa-heeds-activists-call-launches-buyback "Kulicke & Soffa heeds activist's call, launches buyback," by Eric Jhonsa, Seeking Alpha, August 27, 2014], Retrieved September 2, 2014.</ref><ref>[http://online.wsj.com/article/PR-CO-20140827-910336.html "Kulicke & Soffa Announces Repurchase Program," ''The Wall Street Journal'', August 27, 2014], Retrieved September 2, 2014.</ref><ref>[http://www.metrowestdailynews.com/article/20140829/News/140826315/?Start=2 "Lemelson commends Kulicke and Soffa on repurchase," ''The MetroWest Daily News," August 29, 2014], Retrieved September 11, 2014</ref>

On June 16, 2014, Lemelson released a 25-page research report on Ligand Pharmaceuticals, a publicly traded pharmaceutical company. The report concluded that severe competitive threats to Ligand’s key royalty programs, [[going concern]] risks and other challenges were so significant that the stock had no intrinsic value.<ref>[http://seekingalpha.com/news/1802913-bearish-outlook-for-ligand-from-lemelson-capital "Bearish outlook for Ligand from Lemelson Capital," by Douglas W. House, Seeking Alpha, June 16, 2014], Retrieved September 11, 2014.</ref> Over the ensuing six trading days, the stock dropped 16 percent on Lemelson’s criticisms.<ref name="Ligand">[http://americasmarkets.usatoday.com/2014/06/16/money-manager-betting-against-biotech-firm-ligand-pharmaceuticals/ "Money manager betting against biotech firm Ligand Pharmaceuticals," by Gary Strauss, ''USA Today'', June 16, 2014], Retrieved June 28, 2014.</ref><ref>[http://www.benzinga.com/news/14/06/4636461/shares-of-ligand-pharma-tick-lower-following-word-from-lemelson-capital-fund-has- "Shares of Ligand Pharma tick lower following word from Lemelson Capital Fund has initiated short position in stock," by Hal Lindon, Benzinga, June 16, 2014], Retrieved June 28, 2014.</ref><ref>[http://www.streetinsider.com/Analyst+Comments/Lemelson+Capital+Makes+Short+Case+Against+Ligand+Pharma+(LGND)/9586040.html "Lemelson Capital makes short case against Ligand Pharma," Street Insider, June 16, 2014], Retrieved June 28, 2014.</ref> Three weeks later, on July 3, 2014, Lemelson announced that he had further increased his short position in Ligand and released an appended 12-page research report questioning the commercial viability of Ligand's products and reaffirming his position that downside risk for Ligand "at 100%."<ref>[http://www.valuewalk.com/2014/07/lemeson-ups-ligand-pharmaceuticals-inc-lgnd-short/ "Lemelson Ups Ligand Pharmaceuticals (LGND) Short," by VW Staff, ValueWalk, July 3, 2014], Retrieved September 13, 2014.</ref><ref>[http://cdn1.valuewalk.com/wp-content/uploads/2014/07/Ligand-Pharmaceuticals-Appendix.pdf "Ligand Pharmaceuticals (NASDAQ: LGND): Appendix," Lemelson Capital Management], Retrieved September 13, 2014.</ref> On August 7, 2014, the financial media outlet Benzinga reported, "Shares have sold off more than 25 percent since Lemelson Capital published its bearish thesis on the stock in mid-June."<ref name=Jacobi>[http://www.benzinga.com/general/hedge-funds/14/08/4765212/exclusive-emmanuel-lemelson-talks-ligand-pharmaceuticals#ixzz3DDmibZgk "Exclusive: "Emmanuel Lemelson Talks Ligand Pharmaceuticals," by Luke Jacobi, Benzinga, August 7, 2014], Retrieved September 13, 2014.</ref> On November 18, 2014, Yahoo Finance reported that Lemelson had covered his short position at an approximately 40 percent return.<ref>[http://finance.yahoo.com/news/lemelson-capital-management-cio-discusses-205610470.html "Lemelson Capital Management CIO Discusses Ligand Pharmaceuticals Prior To Company Issuing Weak Guidance," by Jayson Derrick, Yahoo Finance, November 18, 2014], Retrieved May 30, 2015.</ref>

On October 20, 2014, the financial media outlet Seeking Alpha reported that Lemelson Capital had taken a two percent stake in Geospace Technologies Corporation, a [[NASDAQ]]-traded company that develops products for seismic data acquisition in the oil and gas industry, sending the company's stock up 4.2 percent, citing Lemelson's earlier involvement in Kulicke & Soffa Industries' share repurchase program.<ref>[http://seekingalpha.com/news/2041985-geospace-plus-4_2-percent-after-activist-discloses-stake-ion-plus-5_9-percent "Geospace +4.2 % after activist discloses stake", Seeking Alpha, October 20, 2014], Retrieved May 30, 2014.</ref><ref>[http://www.valuewalk.com/2014/10/lemelson-announces-2-stake-in-geospace-technologies-corp/ "Lemelson announces 2% stake in Geospace Technologies Corp," by VW Staff, ValueWalk, October 20, 2014], Retrieved May 30, 2014.</ref><ref>[http://www.benzinga.com/node/4939455 "Lemelson Capital Management announces stake in Geospace Technologies," by Jayson Derrick, Benzinga, October 21, 2014], Retrieved May 30, 2014.</ref>

On September 25, 2015, the financial media outlet Benzinga reported that Lemelson was short Skechers, an [[New York Stock Exchange|NYSE]]-traded footwear company, "at an average (adjusted for a 3:1 stock split) cost of $132" and that he would continue to short the stock. Lemelson was quoted in the article as saying the stock was vulnerable to a "precipitous fall". On October 22, 2015, shares of the company plunged more than 30 percent following disappointing earnings.<ref>[http://www.benzinga.com/analyst-ratings/analyst-color/15/10/5940130/lemelson-skechers-still-a-short-after-losing-a-third-of- "Lemelson: Skechers still a short after losing a third of its share value," by Jayson Derrick, Benzinga, October 23, 2015], Retrieved October 26, 2015.</ref>

Lemelson marked The Amvona Fund's second anniversary in September 2014, with the firm reporting overall gross and net gains since its September 2012 launch of 257 percent and 160 percent, respectively.<ref>[http://www.metrowestdailynews.com/article/20140909/NEWS/140906923/0/SEARCH "Lemelson marks flagship fund's 2nd anniversary," ''The Metrowest Daily News'', September 9, 2014], Retrieved September 11, 2014.</ref><ref>[http://www.valuewalk.com/2014/09/lemelson-capital-management-marks-flagship-funds-second-anniversary/ "Lemelson Capital Up 60% in Past 12 Months," by VW Staff, ValueWalk, September 5, 2014], Retrieved September 11, 2014.</ref>


==Religious leadership and philanthropy==
==Religious leadership and philanthropy==
Line 48: Line 91:
Lemelson was ordained as a Greek Orthodox [[Deacon]] on July 23, 2011 and, the following day, as a priest by Metropolitan Elpidophoros the [[Halki seminary|Abbot of the Theological School at Halki]].<ref name=Romfea>[http://www.romfea.gr/diafora-ekklisiastika/1887-8748 "Προύσης Ελπιδοφόρος: "Το Οικουμενικό Πατριαρχείο αγκαλιάζει όλα τα έθνη" Ηλεκτρονικό ταχυδρομείο - Εκτύπωση -"Romfea. 25 Ιουλίου 2011], Retrieved April 22, 2014.</ref> He was granted the ecclesiastical name Emmanuel and assigned to the [[Albanian Orthodox Diocese of America]], a jurisdiction of the [[Ecumenical Patriarchate in America|Ecumenical Patriarchate in the United States]]. In June 2013, he was assigned to the Holy Metropolis of Switzerland, a jurisdiction of the [[Ecumenical Patriarchate of Constantinople|Ecumenical Patriarchate]].<ref name=MetroWest/><ref name=Amvona/>
Lemelson was ordained as a Greek Orthodox [[Deacon]] on July 23, 2011 and, the following day, as a priest by Metropolitan Elpidophoros the [[Halki seminary|Abbot of the Theological School at Halki]].<ref name=Romfea>[http://www.romfea.gr/diafora-ekklisiastika/1887-8748 "Προύσης Ελπιδοφόρος: "Το Οικουμενικό Πατριαρχείο αγκαλιάζει όλα τα έθνη" Ηλεκτρονικό ταχυδρομείο - Εκτύπωση -"Romfea. 25 Ιουλίου 2011], Retrieved April 22, 2014.</ref> He was granted the ecclesiastical name Emmanuel and assigned to the [[Albanian Orthodox Diocese of America]], a jurisdiction of the [[Ecumenical Patriarchate in America|Ecumenical Patriarchate in the United States]]. In June 2013, he was assigned to the Holy Metropolis of Switzerland, a jurisdiction of the [[Ecumenical Patriarchate of Constantinople|Ecumenical Patriarchate]].<ref name=MetroWest/><ref name=Amvona/>


In December 2012, with the blessing of [[Bartholomew I of Constantinople]], Lemelson founded The Lantern Foundation, a non-profit foundation focused on supporting religious, charitable and educational causes with a special focus on those associated with the Ecumenical Patriarchate. Since its inception, he has served as president of the foundation.<ref name=Lantern/> Lemelson's theological work has centered on canonical issues in apostolic mission and ethics in relation to commerce, finance and social justice.<ref name=Romfea/>
In December 2012, with the blessing of [[Bartholomew I of Constantinople]], Lemelson founded The Lantern Foundation, a non-profit foundation focused on supporting religious, charitable and educational causes with a special focus on those associated with the Ecumenical Patriarchate. Since its inception, he has served as president of the foundation.<ref name=Lantern/> Lemelson theological work has centered on canonical issues in apostolic mission and ethics in to commerce, finance and social justice.<ref name=Romfea/>


In November 2014, Lemelson was named a member of the Orthodox Church's delegation for a two day meeting between Ecumenical Patriarchate Bartholomew I and [[Pope Francis]] in [[Istanbul|Constantinople]].<ref name=TBP /> He advocates closer relations between the Orthodox and [[Catholic Church]]es and for a resolution of the differences that first arose between the two churches in the [[East–West Schism]].<ref name="video.foxnews.com"/><
In November 2014, Lemelson was named a member of the Orthodox Church's delegation for a two day meeting between Ecumenical Patriarchate Bartholomew I and [[Pope Francis]] in [[Istanbul|Constantinople]].<ref name=TBP /> He advocates closer relations between the Orthodox and [[Catholic Church]]es and for a resolution of the differences that first arose between the two churches in the [[East–West Schism]].<ref name="video.foxnews.com"/><
*"Church's long schism seen as shrinking," by Lindsay Kalter, ''Boston Herald'', November 30, 2014, Retrieved December 3, 2014,[http://www.bostonherald.com/news_opinion/local_coverage/2014/11/church_s_long_schism_seen_as_shrinking].
*""Pope Francis makes overtures to Orthodox and Muslims, but steep challenges remain," by Josephine Mckenna, ''The Washington Post'', December 1, 2014, Retrieved December 3, 2014,[http://www.washingtonpost.com/national/religion/pope-francis-makes-overtures-to-orthodox-and-muslims-but-steep-challenges-remain/2014/12/01/65ee43f2-7993-11e4-9721-80b3d95a28a9_story.html].
*"Americans say Pope/Patriarch meeting will boost U.S. dialogue," by Inés San Martín, Crux, November 30, 2014, Retrieved December 3, 2014,[http://www.cruxnow.com/church/2014/11/30/americans-say-popepatriarch-meeting-will-boost-us-dialogue/].
*"Some see unity vision reignited by pope, patriarch's gestures in Turkey," by Tom Tracy, ''The Pilot'', December 3, 2014, Retrieved December 3, 2014,[http://www.thebostonpilot.com/article.asp?ID=172614].
*"Not just a photo op," by Fr. Chris Metropulos, Orthodox Christian Network, November 25, 2014, Retrieved December 3, 2014,[http://myocn.net/just-photo-op/].
*"Hedge fund manager joins papal delegation," by Alex Akesson, HedgeCo.net, December 3, 2014, Retrieved December 3, 2014,[http://www.hedgeco.net/news/12/2014/hedge-fund-manager-joins-papal-delegation.html].
*"Pope-Patriarch meeting moved churches closer to unity, experts say," by John Burger, Aleteia, December 3, 2014, Retrieved December 3, 2014,[http://www.aleteia.org/en/religion/article/pope-patriarch-meeting-moved-churches-closer-to-unity-experts-say-5878389021868032].
*"Pope calls for unity between Churches to combat oppression," by Lisa Daftari, December 2, 2014, Retrieved December 3, 2014,[http://www.lisadaftari.com/pope-isis-persecution-erdogan-blames-islamophobia/?utm_content=buffer5e341&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer].
*"Rev. Fr. Emmanuel Lemelson, Founder and President of The Lantern Foundation, interview with CBS Radio Boston, Part 1, December 2, 2014, Retrieved December 3, 2014,[http://phanarion.org/updates/6-updates/225-rev-fr-emmanuel-lemelson-founder-and-president-of-the-lantern-foundation-interview-with-cbs-radio-boston-part-1].
*"Rev. Fr. Emmanuel Lemelson, Founder and President of The Lantern Foundation, interview with CBS Radio Boston, Part 1, December 2, 2014, Retrieved December 3, 2014,[http://phanarion.org/updates/6-updates/226-rev-fr-emmanuel-lemelson-founder-and-president-of-the-lantern-foundation-interview-with-cbs-radio-boston-part-2].</ref>

On November 26, 2014, he told ''[[The Washington Post]]'' that "Christians are facing unprecedented persecution in our modern era."<ref name=WaPo/> In October 2015, Lemelson joined U.S. presidential candidate [[Donald Trump]] at a [[New Hampshire]] campaign rally for Trump at which Trump asked for and received Lemelson's blessing. Lemelson, who also offered the benediction, spoke at the rally, condemning the abortion practices of [[Planned Parenthood]].<ref>[http://www.thenationalherald.com/102394/ "Trump blessed by Greek Orthodox Priest," ''The National Herald'', October 16, 2015], Retrieved October 26, 2015.</ref>


==Commentary and activism==
==Commentary and activism==


In 2010, Lemelson began to write and publish extensively on investment-related topics, including [[security analysis]], [[Investment style|Christian investment philosophy]] and [[ethics]]. Lemelson was a national critic of what he considered fraudulent practices in the [[Mortgage-backed security|securitization of mortgage-backed securities]] and a proponent of long-term investments in U.S. [[value stocks]].<ref name=Amvona/> His writings on mortgage-backed securities were cited widely in relation to the landmark cases U.S. Bank National Association v. Antonio Ibanez and Francis J. Bevilacqua v. Pablo Rodriguez, in which the [[Massachusetts Supreme Judicial Court]] held that financial institutions that did not hold both [[mortgage loan|mortgages]] and the [[mortgage note|notes]] had no legal standing to pursue foreclosure proceedings against residents of these properties.<ref name=Case>[http://seekingalpha.com/news/96927 “Greg Lemelson makes the case that a little-noticed Massachusetts Supreme Court decision this...,” Seeking Alpha, October 20, 2011], Retrieved April 24, 2014.</ref> His writings and commentary have advocated long-term holdings in U.S. equities and have been critical of the securitization of residential mortgages<ref name=Case/><ref>[http://seekingalpha.com/article/301834-implications-of-the-bevilacqua-ruling "Implications of The Bevilacqua Ruling," by Emmanuel Lemelson, Seeking Alpha, October 25, 2011], Retrieved April 24, 2014.</ref>
In 2010, Lemelson began to write and publish extensively on investment-related topics, including [[security analysis]], [[Investment style|Christian investment philosophy]] and [[ethics]]. Lemelson was a national critic of what he considered fraudulent practices in the [[Mortgage-backed security|securitization of mortgage-backed securities]] and a proponent of long-term investments in U.S. [[value stocks]].<ref name=Amvona/> His writings on mortgage-backed securities were cited widely in relation to the landmark cases U.S. Bank National Association v. Antonio Ibanez and Francis J. Bevilacqua v. Pablo Rodriguez, in which the [[Massachusetts Supreme Judicial Court]] held that financial institutions that did not hold both [[mortgage loan|mortgages]] and the [[mortgage note|notes]] had no legal standing to pursue foreclosure proceedings against residents of these properties.<ref name=Case>[http://seekingalpha.com/news/96927 “Greg Lemelson makes the case that a little-noticed Massachusetts Supreme Court decision this...,” Seeking Alpha, October 20, 2011], Retrieved April 24, 2014.</ref>

His writings and commentary have advocated long-term holdings in U.S. equities and have been critical of the securitization of residential mortgages, which some economists now argue was a significant contributing factor to the [[United States housing market correction|2007-09 U.S. housing correction]] and the ensuing [[Great Recession|U.S. recession]].<ref name=Case/><ref>[http://seekingalpha.com/article/301834-implications-of-the-bevilacqua-ruling "Implications of The Bevilacqua Ruling," by Emmanuel Lemelson, Seeking Alpha, October 25, 2011], Retrieved April 24, 2014.</ref> His writing on these issues has been cited by [[Anonymous (group)|Anonymous]], [[Occupy Wall Street]], the [[Registry of Deeds (Massachusetts)|Massachusetts Registry of Deeds]] and by attorneys and litigants involved in mortgage securitization litigation.<ref name=Case/><ref name=Overrule>[http://www.insidearm.com/daily/debt-collection-news/massachusetts-set-to-overrule-past-foreclosures-harbinger-for-arm-industry/ ”Massachusetts Set to Overrule Past Foreclosures; Harbinger for ARM Industry,” by Mike Bevel, Inside ARM, October 25, 2011], Retrieved April 24, 2014.</ref><ref>[http://salemdeeds.com/accomplishments_NewsStories.asp ''Registry of Deeds: Southern Essex District''], Retrieved July 9, 2014.</ref>

In August 2014, the financial media outlet Hedge Fund Alert reported that Lemelson reached agreement with [[U.S. Bancorp|U.S. Bank]] after challenging the right of the bank's securitization trust to collect the principal and interest on a mortgage he took out in 2006. As part of the settlement, Lemelson was awarded relief of $1.2 million in principal, interest and fees.<ref>[http://www.scribd.com/doc/237329768/High-Flying-Fund-May-Bar-Entry "High-flying fund may bar entry," Hedge Fund Alert (page five), August 20, 2014], Retrieved May 30, 2015.</ref>

⚫
Lemelson's investment activism and commentary have influenced the stock prices of several equities, including Geospace Technologies, Kulicke & Soffa Industries, Ligand Pharmaceuticals, World Wrestling Entertainment and others.<ref name=Strauss/><ref name=KS/>
*"Money manager betting against biotech firm Ligand Pharmaceuticals," by Gary Strauss, ''USA Today'', June 16, 2014, Retrieved July 8, 2014,[http://americasmarkets.usatoday.com/2014/06/16/money-manager-betting-against-biotech-firm-ligand-pharmaceuticals/].
*”Why World Wrestling Entertainment (WWE) Finished Down Today,” by Amanda Schiavo, The Street, April 11, 2014, Retrieved July 8, 2014,[http://www.thestreet.com/story/12667421/1/why-world-wrestling-entertainment-wwe-stock-finished-down-today.html].
*”David Sims in Washington, Amvona Gets in Right on WWE, Steven Reiman on SA’s Power,” by Colin Lokey, Seeking Alpha, April 12, 2014, Retrieved July 8, 2014,[http://seekingalpha.com/instablog/984857-sa-editor-colin-lokey/2832773-david-sims-in-washington-amvona-gets-it-right-on-wwe-steven-reiman-on-sas-power].
*"WWE Has Monster Run, But Could It Soon Be Slammed?” by Joel Elconin, Benzinga, April 4, 2014, Retrieved July 8, 2014,[http://www.benzinga.com/trading-ideas/long-ideas/14/04/4447772/wwe-has-monster-run-but-could-it-soon-be-slammed].
*"Rev. Emmanuel Lemelson of Lemelson Capital Management," Benzinga, Yahoo Finance, Retrieved July 9, 2014,[http://finance.yahoo.com/video/rev-emmanuel-lemelson-lemelson-capital-040000806.html].
*"Exclusive: Emmanuel Lemelson Talks Ligand Pharmaceuticals," by Luke Jacobi, Benzinga, August 7, 2014, Retrieved September 13, 2014,[http://www.benzinga.com/general/hedge-funds/14/08/4765212/exclusive-emmanuel-lemelson-talks-ligand-pharmaceuticals].
*“WWE profitable or on the ropes,” by Sarah Barry James, SNL Kagan, April 15, 2014, Retrieved July 8, 2014,[http://www.snl.com/InteractiveX/Article.aspx?cdid=A-27730687-11817].
*“How a Priest Could Wrestle Profits From the WWE,” by Greg Guenthner, Daily Reckoning, July 18, 2014.</ref>


Lemelson has appeared frequently as a guest on the "Pre-Market Prep" radio show of Benzinga.<ref>{{cite web|url=http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5446471/this-hedge-fund-manager-wouldnt-be-surprised-if-iphone-u|title=This Hedge Fund Manager 'Wouldn't Be Surprised' If iPhone Units Hit 60 Million|last=Riley|first=Kevin|date=April 27, 2015|publisher=Benzinga|accessdate=29 April 2015}}</ref>
⚫
Lemelson's investment activism and commentary have influenced the stock prices of several equities, including Geospace Technologies, Kulicke & Soffa Industries, Ligand Pharmaceuticals, World Wrestling Entertainment and others.<ref name=Strauss/><ref name=KS/>


==Personal life==
==Personal life==


Lemelson is married to Theodora Anjeza Lemelson with whom he has three children. He resides in both [[Massachusetts]] and [[Lugano]], [[Switzerland]].<ref name=MetroWest/>
Lemelson is married to Theodora Anjeza Lemelson with whom he has three children. He resides in both [[Massachusetts]] and [[Lugano]], [[Switzerland]].<ref name=MetroWest/>


== References ==
== References ==
Line 68: Line 137:
*[http://amvona.com/ Amvona]
*[http://amvona.com/ Amvona]
*[http://lemelsoncapital.com/ Lemelson Capital Management]
*[http://lemelsoncapital.com/ Lemelson Capital Management]
*[http://www.phanarion.org/ The Lantern Foundation]
*[http://seekingalpha.com/author/amvona/articles Emmanuel Lemelson articles at Seeking Alpha]
*[http://www.amvona.com/featured Emmanuel Lemelson columns at Amvona.com]
*[http://www.benzinga.com/topic/emmanuel-lemelson Emmanuel Lemelson news at Benzinga.com]


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[[Category:1976 births]]
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Revision as of 00:31, 27 October 2015

Emmanuel Lemelson
Born
Gregory M. Lemelson

(1976-06-29)June 29, 1976
Phoenix, Arizona,
United States
Occupation(s)Priest, investor (Lemelson Capital Management/Amvona Fund), religious leader
SpouseTheodora Anjeza Lemelson
Children3
WebsiteAmvona.com

Emmanuel Lemelson (born Gregory M. Lemelson) is a Greek Orthodox priest, hedge fund manager and social activist.[1][2] He is the chief investment officer of Lemelson Capital Management, the sole sponsor and general partner of the Amvona Fund, LP, which several times has been named the world's top performing hedge fund according to financial media outlets The Wall Street Journal, Barron's, BarclayHedge and Prequin.[3][4]

His investment research and analysis has been cited regularly in USA Today, New York Post, The Washington Post, CBS News, Fox News, The Boston Herald and The Street and credited with influencing share prices in publicly traded companies.[5][6][7]. His investment philosophy has focused on deep value and special situations.[8]

Lemelson is also the founder of The Lantern Foundation, which focuses on supporting religious, charitable and educational causes with a special focus on those associated with the Ecumenical Patriarchate of Constantinople.[2][9]

Early life and education

Lemelson was born Gregory M. Lemelson in Phoenix, Arizona, the son of Larry R. and Katerina C. Lemelson. He attended Geschwister-Scholl-Schule in Tübingen, Germany and then Mercer Island High School in Mercer Island, Washington, where he graduated in 1993.[10]

Lemelson attended Seattle University, where he received a Bachelor of Arts in Theology and Religious Studies in 1999, and then Hellenic College Holy Cross Greek Orthodox School of Theology, where he received a Master's of Divinity.[2][11][12]

While an undergraduate at Seattle University, Lemelson met Jesuit Fr. Robert Spitzer, SJ, a prominent Jesuit philosopher and former President of Gonzaga University. Lemelson says that the encounter was a "moment of violent collision of secular conquests with God’s will",[2][11] and that it proved influential in the development of his theological career.[1]

Business career

Early business career

In 1994, Lemelson, then known as Gregory Lemelson, began a retail photo business as an undergraduate student at Seattle University. Later, also as a Seattle University student, he founded Amvona, an online retail website.[13] The company, whose name is derived from the Greek word for “pulpit,” went on to generate $40 million in revenue.[14]

In 1999, Lemelson launched Amvona.com. In 2005, based in part on proprietary software the company developed, the site began a transition to a hybrid platform of social networking and ecommerce content.[14][15][16] By 2007, Lemelson developed technology to link media creation to relevant products using exif data and aggregating shared images of the site’s users as a prototype first known as “Amvona Trails” and later rebranded as the independent website Flekt.[14][17][18] By the end of 2012, the same technology was being used in the tracking of user activities by Facebook and other social media outlets.[19]

Lemelson later added a news and analysis content outlet for the site focused on issues of faith, technology, economics and investing.[14][20][21]

Investor activism

In September 2012, Lemelson founded Lemelson Capital Management, LLC, the sole sponsor and general partner of The Amvona Fund, L.P., a hedge fund. Since its inception, Lemelson has served as the fund's chief investment officer. The fund had been named three times in 2013–14 by Barron's as one of the world's top performing hedge funds.[3][4][22] In May 2013, Lemelson Capital Management was ranked by Morningstar in the top one percent of its peer group in its "U.S. Long/Short Equity" category. In 2014, the fund was named by Preqin as one of the world's top performing event-driven hedge funds.[23] From its September 2012 inception through May 2014, the fund returned a compounded annual gain of 85.15 percent and an overall gain of 193.65 percent.[4][24][25]

Lemelson also has gained notability for his analysis of equities, which has moved share prices in several publicly traded companies.[26][27] On March 17, 2014[28] and again on April 8, 2014,[29] for instance, Lemelson published analysis that World Wrestling Entertainment (WWE) was substantially overvalued and should be shorted.[28] His analysis was credited by USA Today, The Street, Seeking Alpha and other media outlets with an $800 million drop in the market capitalization of the stock between March 18 and April 20, 2014.[6][26][30]

On May 16, 2014, following a $1.4 billion (63 percent) loss in WWE's market capitalization since Lemelson Capital Management's initial March 17, 2014 short call, the firm announced that it had reversed its short position and was now long WWE stock.[31][32] Simultaneously, the firm called for the replacement of WWE's executive management team or a sale of the company.[31][32][33] This followed what Lemelson Capital Management said was "a period of ongoing losses, execution failures and material misstatements."[31][32][34] Several hours after the firm's announcement, former Louisiana Attorney General Charles Foti announced that his law firm would begin an investigation into whether WWE had violated state or federal securities law.[35] Following Lemelson's May 16, 2014 call for changes at WWE, the company announced that it was cutting its staff by seven percent and its stock price appreciated from its May 16, 2014 closing price of $11.27 to $16.40 on February 13, 2015.[36][37] On March 30, 2015, USA Today reported that Lemelson, in February 2015, had sold his stake in WWE at $16.50.[38][39]

On April 22, 2014, Lemelson's announcement that his firm was building a stake in the stock of semiconductor and LED equipment maker Kulicke & Soffa Industries and urging the company to authorize a share repurchase plan[40][41] sent shares of the stock soaring ten percent.[6][42][43] Following the call, USA Today reported:

Kulicke & Soffa Industries jumped nearly 10% Tuesday after Lemelson Capital Management announced it was building a stake in the semiconductor and LED equipment maker, saying the company is "absurdly" undervalued... Lemelson made news earlier this month when the investment firm said pro wrestling firm World Wrestling Entertainment was way overvalued, sending the shares down more than 35%.[6]

Four months later, on August 27, 2014, Kulicke & Soffa heeded Lemelson's share repurchase recommendation, announcing that its Board of Directors had authorized a share purchase of up to $100 million.[44][45][46]

On June 16, 2014, Lemelson released a 25-page research report on Ligand Pharmaceuticals, a publicly traded pharmaceutical company. The report concluded that severe competitive threats to Ligand’s key royalty programs, going concern risks and other challenges were so significant that the stock had no intrinsic value.[47] Over the ensuing six trading days, the stock dropped 16 percent on Lemelson’s criticisms.[48][49][50] Three weeks later, on July 3, 2014, Lemelson announced that he had further increased his short position in Ligand and released an appended 12-page research report questioning the commercial viability of Ligand's products and reaffirming his position that downside risk for Ligand "at 100%."[51][52] On August 7, 2014, the financial media outlet Benzinga reported, "Shares have sold off more than 25 percent since Lemelson Capital published its bearish thesis on the stock in mid-June."[53] On November 18, 2014, Yahoo Finance reported that Lemelson had covered his short position at an approximately 40 percent return.[54]

On October 20, 2014, the financial media outlet Seeking Alpha reported that Lemelson Capital had taken a two percent stake in Geospace Technologies Corporation, a NASDAQ-traded company that develops products for seismic data acquisition in the oil and gas industry, sending the company's stock up 4.2 percent, citing Lemelson's earlier involvement in Kulicke & Soffa Industries' share repurchase program.[55][56][57]

On September 25, 2015, the financial media outlet Benzinga reported that Lemelson was short Skechers, an NYSE-traded footwear company, "at an average (adjusted for a 3:1 stock split) cost of $132" and that he would continue to short the stock. Lemelson was quoted in the article as saying the stock was vulnerable to a "precipitous fall". On October 22, 2015, shares of the company plunged more than 30 percent following disappointing earnings.[58]

Lemelson marked The Amvona Fund's second anniversary in September 2014, with the firm reporting overall gross and net gains since its September 2012 launch of 257 percent and 160 percent, respectively.[59][60]

Religious leadership and philanthropy

Lemelson was ordained as a Greek Orthodox Deacon on July 23, 2011 and, the following day, as a priest by Metropolitan Elpidophoros the Abbot of the Theological School at Halki.[61] He was granted the ecclesiastical name Emmanuel and assigned to the Albanian Orthodox Diocese of America, a jurisdiction of the Ecumenical Patriarchate in the United States. In June 2013, he was assigned to the Holy Metropolis of Switzerland, a jurisdiction of the Ecumenical Patriarchate.[1][11]

In December 2012, with the blessing of Bartholomew I of Constantinople, Lemelson founded The Lantern Foundation, a non-profit foundation focused on supporting religious, charitable and educational causes with a special focus on those associated with the Ecumenical Patriarchate. Since its inception, he has served as president of the foundation.[2][62][63] Lemelson’s theological work has centered on canonical issues in apostolic mission and ethics in relationship to commerce, finance and social justice.[11][61]

In November 2014, Lemelson was named a member of the Orthodox Church's delegation for a two day meeting between Ecumenical Patriarchate Bartholomew I and Pope Francis in Constantinople.[12] He advocates closer relations between the Orthodox and Catholic Churches and for a resolution of the differences that first arose between the two churches in the East–West Schism.[9][64][65]

On November 26, 2014, he told The Washington Post that "Christians are facing unprecedented persecution in our modern era."[64] In October 2015, Lemelson joined U.S. presidential candidate Donald Trump at a New Hampshire campaign rally for Trump at which Trump asked for and received Lemelson's blessing. Lemelson, who also offered the benediction, spoke at the rally, condemning the abortion practices of Planned Parenthood.[66]

Commentary and activism

In 2010, Lemelson began to write and publish extensively on investment-related topics, including security analysis, Christian investment philosophy and ethics. Lemelson was a national critic of what he considered fraudulent practices in the securitization of mortgage-backed securities and a proponent of long-term investments in U.S. value stocks.[11] His writings on mortgage-backed securities were cited widely in relation to the landmark cases U.S. Bank National Association v. Antonio Ibanez and Francis J. Bevilacqua v. Pablo Rodriguez, in which the Massachusetts Supreme Judicial Court held that financial institutions that did not hold both mortgages and the notes had no legal standing to pursue foreclosure proceedings against residents of these properties.[67]

His writings and commentary have advocated long-term holdings in U.S. equities and have been critical of the securitization of residential mortgages, which some economists now argue was a significant contributing factor to the 2007-09 U.S. housing correction and the ensuing U.S. recession.[67][68] His writing on these issues has been cited by Anonymous, Occupy Wall Street, the Massachusetts Registry of Deeds and by attorneys and litigants involved in mortgage securitization litigation.[67][69][70]

In August 2014, the financial media outlet Hedge Fund Alert reported that Lemelson reached agreement with U.S. Bank after challenging the right of the bank's securitization trust to collect the principal and interest on a mortgage he took out in 2006. As part of the settlement, Lemelson was awarded relief of $1.2 million in principal, interest and fees.[71]

Lemelson's investment activism and commentary have influenced the stock prices of several equities, including Geospace Technologies, Kulicke & Soffa Industries, Ligand Pharmaceuticals, World Wrestling Entertainment and others.[5][6][72]

Lemelson has appeared frequently as a guest on the "Pre-Market Prep" radio show of Benzinga.[73]

Personal life

Lemelson is married to Theodora Anjeza Lemelson with whom he has three children. He resides in both Massachusetts and Lugano, Switzerland and speaks three languages (English, German and Greek).[1]

References

  1. ^ a b c d "Rev. Fr. Emmanuel Lemelson," The MetroWest Daily News, June 16, 2014, Retrieved June 23, 2013.
  2. ^ a b c d e The Lantern Foundation official website, "Leadership", Retrieved April 24, 2014.
  3. ^ a b “SA author ranks first among hedge funds, again,” Seeking Alpha, November 25, 2013, Retrieved April 24, 2014.
  4. ^ a b c "Barron's Ranks the World's Top Performing Hedge Funds for April 2014," HFG, Retrieved June 4, 2014. Cite error: The named reference "HFG" was defined multiple times with different content (see the help page).
  5. ^ a b ”World Wrestling pummeled four out of five rounds this week,” by Gary Strauss, USA Today, April 11, 2014, Retrieved April 24, 2014.
  6. ^ a b c d e "Kulicke & Soffa shares surge after investor urges buyback," by Gary Strauss, USA Today, April 22, 2014., Retrieved April 24, 2014.
  7. ^ "WWE can’t pull out of slide,” Seeking Alpha, April 11, 2014, Retrieved July 8, 2014
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  9. ^ a b "Pope calls for an end to religious extremism," Fox News, December 5, 2014, Retrieved December 9, 2014.
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  12. ^ a b Tracy, Tom (December 3, 2014). "Some see unity vision reignited by pope, patriarch's gestures in Turkey". The Pilot. Pilot Media Group. Retrieved 29 April 2015.
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    • “WWE profitable or on the ropes,” by Sarah Barry James, SNL Kagan, April 15, 2014, Retrieved July 8, 2014,[6].
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  39. ^ "Stocks climb 2% as NASDAQ tops 15-year record," by Vito J. Racenlli, Barron's, April 25, 2014, Retrieved May 30, 2015.
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  61. ^ a b "Προύσης Ελπιδοφόρος: "Το Οικουμενικό Πατριαρχείο αγκαλιάζει όλα τα έθνη" Ηλεκτρονικό ταχυδρομείο - Εκτύπωση -"Romfea. 25 Ιουλίου 2011, Retrieved April 22, 2014.
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  64. ^ a b "Three things Pope Francis hopes to accomplish in Turkey," by Josephine Mckenna, The Washington Post, November 26, 2014., Retrieved December 3, 2014.
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    • "Rev. Fr. Emmanuel Lemelson, Founder and President of The Lantern Foundation, interview with CBS Radio Boston, Part 1, December 2, 2014, Retrieved December 3, 2014,[36].
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  73. ^ Riley, Kevin (April 27, 2015). "This Hedge Fund Manager 'Wouldn't Be Surprised' If iPhone Units Hit 60 Million". Benzinga. Retrieved 29 April 2015.

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