Monday, 4 May 2015
Last updated 39 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…