Three Geniuses Launch Hedge Fund, Hoping It Aptly Named

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...