Mar. 22, 2017: Longtime Bronxville resident Charles H. Brunie, Jr. passed away at age 86 on February 23, 2017. He was a highly recognized and much-respected member of the Bronxville community.
Brunie was a securities analyst whose research department at the Oppenheimer brokerage firm was ranked as the number-one research firm by Institutional Investor for the four years he ran it.
In 1969, he went on to found the investment-advisory firm Oppenheimer Capital and served as its chairman for more than a quarter of a century until 1996 when he became chairman emeritus.
Chuck graduated from Amherst College in 1952. After two years in the Army, he enrolled in Columbia University's business school, from which he received an MBA in 1956.
After several years as a security analyst, first for New York Life Insurance Co. and then for one of the early institutional research firms, Faulkner, Dawkins & Sullivan, Mr. Brunie joined Oppenheimer. In two years, he became head of institutional research and was made a partner.
He remained with Oppenheimer Capital through 2000, then started his own firm, Brunie Associates, in 2001.
He was a member of the Association of Investment Management and Research and of the New York Society of Security Analysts.
In addition, he was chairman emeritus of the Manhattan Institute for Policy Research, a not-for-profit free-market oriented "think tank," and a member of the international Mont Pelerin Society, proposed for membership by two Nobel laureates.
He was also a director of the Zweig Fund and the Zweig Total Return Fund and was a trustee of the Milton and Rose D. Friedman Foundation.
He served on the boards of The American Spectator and the Committee to Reduce Infection Deaths, which was founded by Hudson senior adjunct fellow Betsy McCaughey.
An obituary published by the Manhattan Institute states this about Chuck:
As a youth, Chuck had sat with Alan Greenspan at the feet of guru Ayn Rand and had imbibed some of her views, not all of them equally salubrious. But what was certainly correct, as Chuck knew, was her view that entrepreneurialism allowed the greatest development both of the human potentialities of the entrepreneur and the benefits to society.
He is survived by his wife, Jean Corley Brunie of Bronxville.
Photo courtesy Manhattan Institute