Wednesday, 25 May 2016
Last updated 7 hours ago
Jan 10 2011 | 4:30am ET
Hedge fund managers are not necessarily known for their modesty. But three Long Island money managers may be setting a new standard for hubris.
A.J. Caro, Victor Plotkin and Alex Rabinovich have launched a new hedge fund backed by brains, or so they say. The three have dubbed the effort the Genius Hedge Fund, seeking “long-term returns for your portfolio that minimizes your exposure to risk,” Newsday reports.
Caro, Plotkin and Rabinovich met rather prosaically.
“Our leaders developed their friendships through ardent games of chess; this challenged their mental capacities and required the highest levels of mathematical strategy and analysis,” the Geniuses explain. “Mastering the skills necessary to succeed in chess stimulates us and is integral to the principals of our company.”
According to the new firm’s Web site, Plotkin has two decades experience in money management, while Rabinovich has “expertise in management and investing. For his part, Caro, the third genius, offers “business prowess and entrepreneurial spirit.”
The Genius fund is based in Bohemia, N.Y.