Salem Abraham
Salem Abraham is the President of Abraham Trading. Salem graduated cum laude from the University of Notre Dame in December 1987 with a bachelor's degree in finance. He began his investing career as a futures trader while still in college, using quantitative models to trade global futures markets beginning in 1987. Throughout his career, Salem has managed investments in stocks, bonds, options, derivatives, and private equity. He has held full membership seats at both the Chicago Mercantile Exchange and the Chicago Board of Trade. His first investment experiences were shared with his grandfather, who employed him to buy and sell distressed minerals and ranches in the Texas Panhandle in the late 80s. In total, Salem has bought and sold more than 200,000 acres of land and resources. He manages investments in oil and gas properties, wind rights and residential, commercial, and agricultural real estate properties.
Salem has served on nonprofit investment boards for over 25 years. From 1995 to 2014, he served on the Amarillo Area Foundation Investment Committee. From 2004 to 2021, he served on the St. Jude Children’s Research Hospital Investment Committee. He assists with both large and small nonprofit endowments, with portfolios ranging from $1 million to over $4 billion in assets. His experiences with large and small institutional investors have provided insights into the unique mandates and challenges of managing foundation and endowment portfolios of all sizes. Salem started the Pickens-Abraham Foundation with T. Boone Pickens in 2008. The foundation provided college scholarships to accomplished graduating seniors in the Texas Panhandle. The investment strategy that Salem used for his part of the foundation was the inspiration for the Abraham Fortress Fund strategy. After Pickens' death, the Pickens-Abraham Foundation dissolved, and Salem's portion of the money became the Salem and Ruth Ann Abraham Foundation. The foundation provides education scholarships and donates to universities, family services, children's causes, and health services.
Salem has been featured in Michael Covel's books The Complete TurtleTrader and Trend Following. He has also appeared in Bloomberg Markets, Absolute Return, Barron's, Institutional Investor, and The New York Times.
Salem continues to lead the research efforts at Abraham Trading Company.