800.257.7013 Follow us:
Registered Investment Advisory Firm

Peter Demirali, deceased

Author: David Kotok, Post Date: November 2, 2012

Petrit (Peter) M. Demirali (January 30, 1960 – October 30, 2012)

Everyone at Cumberland Advisors, along with colleagues, clients, consultants, and friends, mourns the loss of Peter Demirali. His sudden death is a shock. He is sorely missed.  It certainly gives a person pause. One week he is 52, robust, friendly, big-hearted, skilled, professional, vigorous, and full of life. The next week, he is gone.

Peter joined the firm over a decade ago. He was a Managing Director, Portfolio Manager, Investment Advisor, and good friend. Through his life, Peter respected his family, honored his commitments made in the business world, exhibited the highest qualities of ethics, and evidenced his own character by looking out for his fellow man. Peter was a champion of those who were downtrodden.  Peter was their advocate.

In his professional relationships, Peter excelled. Many who knew him, worked with him, traded with him, and strategized with him saw his centering and calming influence. He had a sense of humor and used it in building relationships. He was able to relax, kick back, go fishing, talk about a good wine over a meal, or otherwise share humor with a good joke.

For this writer, Peter’s death is a deep personal and professional loss. The memories of Peter and his son Ben at our annual fishing gathering in Maine will stay with me and our colleagues for years to come. Those memories will be cherished.

Cumberland Advisors will proceed as it has in the past to service our clients, grow our firm, and advance our notion of an investment advisor who is independently oriented towards each separate account’s purpose. The depth of this activity and its professional application of Peter’s skills will be continued. The staff that he supervised and his other Cumberland colleagues will help honor and respect his memory.

For me personally, this is now the third time I have lost a partner. First, a family member and a founding partner, Shep Goldberg, departed us in his time of retirement. Shep and I founded Cumberland in 1973. Over a decade ago, we lost Suzanne Greenberg, who fell victim to breast cancer and died at the age of 53. Peter Demirali suddenly and tragically left us at 52.

Three times we have been tested and exhibited the commitment and resilience of a firm that puts families, relationships, and personal affiliations and associations in the fore of its business activity and personal caring.

We mourn the loss of Peter, honor him, and respect him. May he rest in peace.

cumber map

Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services.

Please feel free to forward our commentaries (with proper attribution) to others who may be interested.

For a list of all equity recommendations for the past year, please contact Thérèse M. Pantalione at 800-257-7013, ext. 315. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.