Having just completed an economics degree at Vanderbilt University, Terence E. “Ted” Adderley Jr. moved to New York City this past summer for a job with an investment management firm. His longtime interest in investing had now reached professional status with Fred Alger Management in the World Trade Center, where he began working as a research associate.
The Bloomfield Hills, Michigan native was in the World Trade Center on September 11 and died in the tragic events of that day. He was 22 years old.
Through the example of his parents Mary Elizabeth and Terence E. Adderley, and his grandfather William Russell Kelly, Ted Adderley embraced life and the world of business and investment.
Ted Adderley graduated from Detroit Country Day School in 1997. His English teacher there, Beverly Hannett-Price, remembers a generous student full of vitality. “Ted was a young man with style and verve, approaching life with confidence and compassion,” she said. “He founded the school’s investment club, which continues today. Ted was a student in the finest tradition of Detroit Country Day School."
He went on to Vanderbilt University in Nashville, following in the footsteps of William Russell Kelly, who attended the school in the 1920s. “It turned out to be a good match between Vanderbilt and Ted,” said John Beasley II, vice chancellor emeritus, Vanderbilt University. “We saw each other a good bit, sometimes when I needed assistance, sometimes when he did. I saw his life bloom and flourish at Vanderbilt,” he said.
Ted Adderley was active in the Alpha Psi Chapter of the Sigma Chi fraternity at Vanderbilt and also served as chairman of the university’s Derby Days fundraiser in 2000 and 2001, which benefits Vanderbilt Children’s Hospital.
While attending Vanderbilt, he spent the summer of 1999 studying at the London School of Economics. He received a degree in economics from Vanderbilt in May and had planned to continue his education. “Ted was not only enthusiastic and respectful, but also extremely bright and thoughtful,” said Peter Rousseau, Ted Adderley’s economics professor at Vanderbilt. “Combining all these qualities was a sure formula for his success.”
Fred Alger, chairman and president of Fred Alger Management, observed that “Ted loved the investment business, in a way that reminded my brother, David, and me of how we were when we were young. His enthusiasm was infectious. We will miss him greatly.”
On summer breaks from school, Ted Adderley worked in various positions at Kelly Services in Troy, Michigan, the staffing company his grandfather founded and where his father serves as chairman, president and chief executive officer.
Survivors include his parents Mary Elizabeth and Terence E. Adderley; his sisters Elizabeth Adderley, Carol (John) Cone, Ellen (William) Oltmanns, Mary Adderley, Laura (Brian) Bernhardt; and grandmother Margaret Kelly. He is predeceased by his brother Russell.
A memorial service was held at Kirk in the Hills, located at 1340 W. Long Lake Road in Bloomfield Hills, Michigan, on Friday, November 16 at 2 p.m.
Memorial contributions may be directed to Children’s Miracle Network at Vanderbilt Children’s Hospital, 2424 Garland Avenue, Nashville, Tennessee 37212.
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