Our Principals

Brian Friedman, CFA, MBA

Brian J. Friedman is an accomplished economist and portfolio manager focused on global financial markets. As Portfolio Manager of the Israel Investment Fund, L.P., Brian is one of a very small group of American professional investors that actively analyzes opportunities in the Israeli stock market.

Brian's experience with the Israeli economy stretches back to the era of hyperinflation in the 1980s. As a student at the university of Tel-Aviv in the late 1980s, he studied Israel's Economic Stabilization Plan and its initial economic reform efforts. Since that time - in his roles as an International Equity Analyst, Portfolio Manager and Economist - Brian actively invested in Israeli securities and closely monitored economic and financial developments in Israel.

With assets under management exceeding $1 billion, Brian serves as President and Chief Investment Officer of GHP Investment Advisors, Inc. (GHPIA), the parent company of Israel Investment Advisors, LLC.

Shaul Gabbay (Ph.D)

After his military service as a Commander in the Israeli Defense Forces, Shaul Gabbay completed a BA at Bar Ilan University and an MA at Tel-Aviv University. In 1991 he received a Presidential Fellowship from the U.S. to continue his studies. He completed the Ph.D. program at Columbia University in New York and received an invitation from the University of Chicago for a Post Doctoral program.

Professor Gabbay returned to Israel to join the faculty of Technion-Israel Institute of Technology. He joined the University of Denver as the Director of the Institute for the Study of Israel in the Middle East at the Josef Korbel School of International Studies in 2001 and directed ISIME until 2010.

Shaul was a Senior Scholar at the Josef Korbel School of International Studies and currently serves as Expert on Muslim societies. Professor Gabbay’s research topics focus on social networks in the context of Israel and the Middle East and he has published numerous papers and books on strategic social networks and social capital. He is a frequent commentator in national media such as CBS, NBC, FOX and MSNBC, analyzing Middle East news stories.

Andrew Kark, CPA/PFS, CFP®

Andy Kark has been in the investment management business for over 20 years as a partner at M.Z. Kark & Associates, Inc, an SEC-registered investment advisor in Denver, Colorado.  Prior to joining M.Z. Kark & Associates, Andy worked with the Curtis Group at Shearson Lehman Hutton in Palo Alto, California.  Before entering the investment business, Andy worked for Arthur Anderson & Company in the Washington, D.C. office as an accountant and senior auditor.

Andy earned his BS in Management with a concentration in accounting from the A.B. Freeman School of Business at Tulane University in New Orleans, Louisiana.  Andy is a Certified Public Accountant (CPA), a Personal Financial Specialist (PFS) as well as a Certified Financial Planner (CFP®).  He has been involved in numerous not-for-profit Jewish organizations including The Jewish Experience, the DAT Minyan, East Denver Orthodox Synagogue, the Jewish Community Relations Council and the Denver Academy of Torah.