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East Rock Capital: "Talent is the Best Asset Class"
Adam Shapiro and Graham Duncan launched East Rock Capital, LLC in 2006 with a seed investment from Stuart Miller, executive chairman of Lennar Corporation. East Rock managed long-term assets for high-net-worth families, primarily working with external managers who had proven themselves at larger firms and had recently launched firms of their own. This approach allowed the organization to build a network of small and mid-size investment firms that it viewed as a source of investing edge. Shapiro considered how East Rock should approach growth going forward.