After successfully investing together in various commercial real estate assets, Irvin Kessler and Phillip Jaffe formed Provident Real Estate Ventures in 2013. Irv will draw upon his extensive experience and success in the investment world to analyze real estate investments for the company. Irv’s career began in 1978 as an independent floor trader on various Chicago exchanges. A successful start led to the formation of Kessler Asher Clearing, a Clearing Member of the Chicago Board of Trade, Chicago Mercantile Exchange, National Securities Clearing Corporation, and the Options Clearing Corp., as well as being a member of various exchanges including the Chicago Board Options Exchange. In 1996, the firm was purchased by Spear Leeds, and subsequently Goldman Sachs. During this time, Irv served on the board of the Chicago Board Options Exchange, as well as the Cincinnati Stock Exchange.
In 1994, Irv co-founded Deephaven Market Neutral Fund, a multi-strategy Hedge Fund focused on providing institutional clients with excellent risk adjusted returns. In 2000, Deephaven, and its sister firm Arbitrade, were sold to a public company. Until the end of 2001, Irv served as CEO and CIO of Deephaven which had $1.3 billion under management and generated an average annual return to investors of 22% with only 1 losing quarter over the 8 years of his stewardship.