Private investor and plane enthusiast, Edward Wilson Claugus, 52, of Incline Village, NV, passed away Sunday, June 23, 2013 near the Idaho/Oregon border doing what he loved best: flying a small engine aircraft near the Snake River.
Ed was born July 15, 1960 in Barnesville, Ohio, the youngest of five sons born to Frederick and Bernice Claugus. Ed attended Barnesville High School where he was an exemplary student, lettering in football his junior year. He graduated a year early to attend Ohio State University, where he received his Bachelor’s degree in Chemical Engineering. ,For two years he worked in his chosen field before returning to the University of Chicago Business School, where he received his Master’s in Business Administration. From 1985 to 1988 Ed worked as an associate on Wall Street.
He married his college sweetheart Michelle Hagan in 1987, and while Ed was able to maintain his happy marriage for 22 years, he couldn’t seem to maintain a job for more than four. After a series of employment endeavors that took him all over the United States and through a series of large companies such as Valero, Enron and BP, Ed settled in Incline Village in 1997. There he went to work consulting for an employer under whom he worked and flourished for the remaining years of his life - himself.
With a few close friends as clients, Ed started his hedge fund, Broken Leg, where he proved himself to be an extraordinary investor. Ed eventually closed his business, but he continued to invest his own money full time. The incredible level of courage Ed possessed enabled him to maintain his convictions and continue to perform extraordinarily well, even in a difficult market.
Known for his intelligence, determination, sharp wit, non-stop energy and keen sense of humor, Ed enjoyed an active life, pursuing the challenges of mental and physical exercise and pushing himself in all endeavors to the extent of his capacity. He embraced a life filled with love for nature, adventure, work, and those in his inner circle. Ed was wise and generous; he had a quick wit and found the humorous side of any situation.
Everything Ed did, he did with the intention of getting as much pleasure as possible, whether hiking in the desert or the mountains, skiing, flying one of his airplanes, attending the theater or going to a museum. Ed had a sense of loyalty, commitment and support to those he loved and never hesitated to do anything in his power to help them if they needed it.
Ed is survived by brothers Tom Claugus of Marietta, GA and Bruce Claugus of New York, their families, many friends whom he held dear, and his loving life partner, Jennifer Rains. Ed was preceded in death by his parents and his brothers, Danny and Freddy.
A celebration of Ed’s remarkable life will be held at 3:30 p.m. Sunday, August 25th at the Hyatt Regency Resort’s Lakeside Ballroom in Incline Village. Please RSVP to Marcella at 480-577-3489 if planning to attend Ed’s Celebration of Life and following dinner.