Member of Adelphi University’s Profiles in Success program.
Managing Partner, AG Asset Management
Favorite Professor: Sal Primeggia, because when you left his class, you saw things in a different light.
First job after college: Spring training with the Cincinnati Reds, then working on the American Stock Exchange
You might have seen him: On Bloomberg Television as a guest market analyst.
His philosophy on his education and career: “Even if you know what you want to do, it won’t always be a straight line to get there. The most important element in crafting a career is what you learn and take away from every job along the way.”
The only pitches Gus Scacco has called recently are for his son’s Little League baseball team, but the former Panther catcher applies the lessons he learned from the diamond to his job on Wall Street.
Once recruited by the Cincinnati Reds, Mr. Scacco credits years of competitive experience as a major factor in his ability to handle pressure situations. As a managing director and portfolio manager for AllCap Growth investment for ForstmannLeff, pressure situations are hardly uncommon.
Mr. Scacco joined AG Asset Management—a leading private investment firm with clients from corporate and public pension plans, endowments, foundations, and private investors, and managed assets totaling over $2 billion—in 2004. The view from his office includes much of midtown Manhattan and the southern end of Central Park. It’s a fittingly broad view for a portfolio manager responsible for an overview of the entire market.
Mr. Scacco was previously employed for six years at Morgan Stanley’s Asset Management Division. It was here that he began “running money” and overseeing an investment portfolio. He visited and evaluated hundreds of small and emerging companies in his six year tenure. Many of the companies he used to cover have since grown to national prominence including: Abercrombie & Fitch; Bed, Bath & Beyond; Starbucks; Martha Stewart Living Omnimedia; and Wynn Resorts.
Mr. Scacco received his M.B.A. from Hofstra University, and later participated in the prestigious 18-month Credit Training Program at Chemical Bank. The only non-Ivy-League graduate in the program, Mr. Scacco “gained firsthand insight into the banking field.”
He came to Adelphi as a baseball recruit and chose the school over several other regional colleges for its smaller classes and personal environment. He also enjoyed the combination of business and liberal arts education, with the added benefit of outstanding connections to the leading accounting firms in New York City.
Mr. Scacco was voted captain of the baseball team in his junior and senior years, and credits baseball with teaching him a sense of responsibility for his teammates and later in life his co-workers. His favorite memory of the team is playing against Le Moyne University in the Eastern Championships during his freshman year. The opposing team included three future Major-League pitchers.