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Futures pioneer Barry Lind struck, killed by car

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p3 8583 Mastro’s Steakhouse Celebrates Chicago opening with Lynn Sage Cancer Research Foundation & the Robert H. Lurie Comprehensive Cancer Center Events Terri Lind and Barry Lind, both Winnetka | Robert Kusel

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Updated: February 26, 2013 6:31AM

Barry Lind, a longtime board member of the Chicago Mercantile Exchange who popularized investments in financial futures, died early Thursday in California after being struck by a car.

Authorities in Rancho Mirage, Calif., said Mr. Lind, 74, was hit by a car as he attempted to cross a busy street, perhaps to help people involved in a nearby traffic accident. The incident happened Wednesday night and Mr. Lind was pronounced dead early Thursday at a local hospital.

The Riverside County Sheriff’s Department said the collision is under investigation. Police said the driver of a Honda Fit that hit Mr. Lind stopped at the scene.

Mr. Lind lived in Rancho Mirage and Winnetka. He began trading at the Merc in 1962 and in 1965 founded the brokerage Lind-Waldock & Co., which was among the first firms to market futures to retail investors.

He sold the business in 2000 and turned his attention to an investment firm, Silver Young Capital LLC, which he ran with cousin Alan Young.

“He was a mentor, really like a soul mate and brother,” Young said. He said Mr. Lind was known for his generosity and that he “helped many people emotionally and financially.”

Young said family and golf were two of Mr. Lind’s passions. He said he recalled how Mr. Lind would take the measure of a putt, and then put a phone to his ear to trade futures contracts for the Standard & Poor’s indexes.

At the Merc, Mr. Lind was instrumental in the establishment of the International Monetary Market.

“He was just an extraordinary individual, always kind to everyone,” said Jack Sandner, former chairman of the Chicago Mercantile Exchange. “He offered sage advice. I can tell you so many traders he helped. He set the bar ethically and commercially.”

Mr. Lind was the founder and chairman of the Rose Lind Charitable Trust, named in honor of his mother. The trust supports medical research and access to health care for the underprivileged. He also served on the finance committee of the Lynn Sage Cancer Research Foundation.

“He was a very intelligent and dedicated person with a heart of gold. Everyone is heartbroken,” said Martha Serrano, Mr. Lind’s long-time administrative assistant.

In 2006, Mr. Lind was inducted into the Futures Industry Association Hall of Fame.

Mr. Lind is survived by his wife, Terri, his daughters Joanna and Lanie, and son Scott, and eight grandchildren.

Services are set for 1 p.m. Sunday at Am Shalom Synagogue, 840 Vernon Ave., Glencoe.

Contributing: Mitch Dudek

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