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This year, Penn recognized two Beta Pi alumni for their achievements! Congratulations to these two alumni. If you have a similar achievement to share, let us know by submitting an alumni update!

Penn Honors Robert C. Hubbell ’67 (Top row, far left)

Also in this photo: Cliff Viner ’66 (third row, fifth from right), former owner of Florida Panthers, National Hockey League

In the summer edition of the Wharton Magazine, Robert Hubbell ’67 was recognized in the Class Notes section.

“Robert C. Hubbell has been named vice president of sales and marketing at Coastal Risk Consulting LLP, a startup whose online service documents the impact of rising sea levels, flooding, and tidal surges on individual residential and commercial properties, business, and municipalities over a 30-year mortgage cycle. The applied analytics and science underlying the company’s Coastal Risk Rapid Assessment generate a ‘flood score’ for coastal properties, adding a new dimension to property risk calculations for property owners, insurers, banks, and mortgage lenders. Mr. Hubbell, who has moved to Carbondale, Colo., previously served as a partner and managing director of global communications and marketing at the investment banking firm Cantor Fitzgerald and its affiliated wholesale brokerage, BGC Partners, Inc. in New York. More information can be found at www.coastalriskconsulting.com.”

-Wharton Magazine

Penn Honors Howard S. Marks ’64 (second row, third from left)

Also in this photo: Joe Klein ’65 (third row, far right), author of Primary Colors Anonymous. Learn more about Joe Klein.

On October 8, 2015, Howard S. Marks, Beta Pi ’64, will receive the highest accolade bestowed by the Wharton Club of New York, the 2015 Joseph Wharton Award for Lifetime Achievement, at their annual awards dinner at the JW Marriott Essex House New York in New York City.

The Wharton Alumni Club of New York (WACNY) is the publisher of the Wharton Alumni Club of New York Magazine for the University of Pennsylvania. Each year, WACNY presents awards honoring distinguished alumni. In addition to Howard S. Marks, the following Penn alumni will be honored:

• Ken Moelis (Founder, Chairman, CEO, Moelis & Co.) will be recognized for Leadership
• Michael Nutter (Mayor, City of Philadelphia) will be recognized for Social Impact
• Slava Rubin (CEO & Co-Founder, Indiegogo) will be recognized for Young Leadership

Mr. Marks is the Co-Chairman and Co-Founder of Oaktree Capital Management, LP. Founded in 1995, the company is the world’s biggest distressed-debt investor. Under his leadership, it has enjoyed unprecedented success and growth, culminating in a successful IPO.

As a tribute to his expertise, Penn looked to his investment expertise and chose him to guide the multi-billion dollar Penn Endowment Fund. From 2001 to 2010, Mr. Marks was chairman. Through his insight and skills, the Penn Endowment Fund fared much better than the other Ivy League endowment funds following the downturn in the stock market beginning in 2008.

Mr. Marks, Wh. ’67, cum laude, has a strong connection to Penn and has gifted Penn many times in the past. In 1992, he created the Howard S. Marks Terms Scholarship, providing renewable scholarships to undergraduates at Penn. In 2003, he and his wife, Nancy, endowed the Marks Family Writing Center at Penn. More recently, they have endowed the Howard Marks University Professorship in Behavioral Science and the Howard Marks Investor Speaker Series at Wharton. His most recent gift created the Howard Marks Professorship in Economic History.

Despite the demands on his time, Mr. Marks maintains a relationship with Pi Kappa Alpha. As an undergraduate, Mr. Marks was an active member of Beta Pi all four years he attended Penn. He has fond memories of Pi Kappa Alpha and the original chapter house at 3900 Locust Street.

In the fall of 2014, he was gracious to visit the new chapter house and talk with Beta Pi’s undergraduate members, highlighting the chapter’s speaker series. The active members were thrilled that such an accomplished member of the business world would take the time to visit them. They were impressed with his friendliness, unassuming nature, and eagerness to answer all their questions.

All of Pi Kappa Alpha, particularly Beta Pi Chapter, is proud to have Howard S. Marks as a brother and wish to congratulate him and his wife on his receipt of the 2015 Joseph Wharton Award for Lifetime Achievement!