Honeycomb Asset Management, the New York firm he founded in 2016, would sell most of its public stock holdings and return the bulk of its clients’ money. In the letter Bloomberg reviewed, he wrote, “Often, the hardest decision is to do less and remain patient.”
The remark concerned markets, but it also offers a way to understand Mr. Fiszel sent his investors a letter to show them the approach to a less visible part of his life: his charitable giving and his work with educational and medical institutions.
A Narrow Mandate
Mr. Fiszel established the Fiszel Family Foundation in 2018, according to a profile of his firm published by Insider Monkey. The private family foundation supports two areas: education and healthcare.
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