Sunday, 28 December 2014
Last updated 3 days ago
Dec 17 2012 | 10:48am ET
If you want to make your name in the financial world at a young age, head to (or found) a hedge fund or private equity firm.
Fully half of Forbes magazine's annual "30 Under 30" for finance work in alternative investments. And one other used to work for D.E. Shaw Group before joining an accounting firm to focus on—you guessed it—hedge funds and private equity firms.
The list is headlined by Jennifer Fan, who at 29 emerged from the wreckage of Arrowhawk Capital Partners to launch Arbalet Capital with $650 million this year. Other precocious twentysomethings who started their own firms and made the Forbes list include Thrive Capital's Joshua Kushner, LMR Partners' Stefan Renold, MSMB Capital's Martin Shkreli and Red Alder's Schuster Tanger, who formerly worked at Third Point.
A number are also making their names at industry giants. Mortgage trader Joshua Bertman left Credit Suisse to join Brevan Howard Asset Management this year while David Shankman helped set up the Blackstone Group's Strategic Opportunities hedge fund. Pine River Capital Management, BlueBay Asset Management and Trian Fund Management all have entries, as well, with Jiayi Chen, Jonathan Fayman and Mathew Peltz, respectively. And, yes, the latter is the 29-year-old son of Trian founder Nelson Peltz.
Rounding out the alternatives 15 are Jonathan Berger, a Citadel Investment Group veteran and portfolio manager at Alyeska Investment Group; Thomas Digano, head trader at Sorin Capital Management; Ryan Fusaro, an analyst at LionEye Capital Management; Mathé Mosny, senior analyst at Hutchin Hill Capital; and Manuel Stotz, portfolio manager at THS Partners and a veteran of Goldman Sachs' internal hedge fund.
In addition, PricewaterhouseCoopers partner Miriam Klein is a former member of D.E. Shaw's tax group. She now advises hedge funds and private equity shops.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.