NBA's Zeller Says Hedge Fund Taught 'Time Management'

Jul 9 2012 | 5:00am ET

Athletes who go into hedge funds frequently say that sports inculcate skills valuable on the trading floor. But one of basketball's newest professionals says the learning curve works in the other direction, as well.

Tyler Zeller, the 17th pick in last week's National Basketball Association draft, credits his internship at hedge fund Morgan Creek Capital Management for some of his hardwood success.

"I did it because I found it interesting and fascinating," Zeller told ESPN. "I think I got paid about $15 an hour. It really taught me time management. I worked from 8 a.m. to noon every day, did workouts in the afternoon, then had to do it all over again the next day. Getting up that early is almost unheard of for a college student."

Morgan Creek is based in Chapel Hill, N.C., which is also home to the University of North Carolina, where Zeller studied and played for the Tar Heels, including on the 2009 national championship team.

Zeller will play next season for the Cleveland Cavaliers, who acquired him from the team that drafted him in the first round, the Dallas Mavericks.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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 Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of