Meet the investors age 35 and under making big bets and shaking up money management
Business Insider
Introducing the Rising Stars in Asset Management age 35 and under.
We scoured our contacts for ideas on who we should include, receiving recommendations from bosses, colleagues, recruiters and others working in the asset management industry. The editors made final decisions.
We've included people with a variety of roles and experiences, from companies including D.E. Shaw, State Street, Fidelity, BlackRock, Bridgewater, Point72, Millennium, AllianceBernstein, Och-Ziff and Vanguard.
Some have risen to senior roles within established firms. Take Karen Karniol-Tambour, 32,who oversees research and about 100 staffers at Bridgewater Associates, the world's largest hedge-fund firm with $160 billion. We've also included Eric Evans, a 26-year-old director of research at Weiss Multi-Strategy Advisers, a New York hedge fund.
Others have put up particularly strong numbers. Brian Lempel, 35, who manages about $12 billion at Fidelity, was up about 44% in his portfolio for the first half of this year.
Others have embarked on launching their own companies, like Fahmi Quadir, 27, who, after making an impressive short bet on Valeant, is launching a short-selling-focused hedge fund, Safkhet Capital.
We came across many talented people, and this list is by no means comprehensive. To be eligible, we asked that nominees be based in or around the New York area, age 35 or under, and distinguished in some way from the pack.
Eric Evans, 26, Weiss Multi-Strategy Advisers
Evans, 26, is head of research and an investment analyst at Weiss Multi-Strategy Advisers, a hedge-fund firm in New York that manages more than $1.8 billion.
Evans was appointed head of research at age 25, in April 2016. His responsibilities include leading process enhancement and the cost-management effort at the firm. That includes figuring out how to make the investment teams work more efficiently, developing tools that help the firm monitor skills and behavioral biases.
Evans also manages relationships with more than 100 counterparties that work with Weiss.
As an investment analyst, Evans focuses on investing in energy stocks and derivatives, one of several sectors Weiss invests in. Evans got his start at the firm as a summer intern ahead of his senior year of college at the University of Florida. He worked at Citi as an analyst in leveraged finance before moving back to Weiss.
A Miami native, Evans holds a bachelor's and master's degree in finance from the University of Florida, which he completed in four years.
Fahmi Quadir, 27, Safkhet Capital
Quadir, 27, is launching a short-selling-focused hedge fund, Safkhet Capital. The fund, which is targeting a $200 million soft close for next year, will focus on betting against fraudulent companies.
Quadir previously worked at Deallus Consulting, where she did investigative work for pharmaceutical clients. One of the companies she came across was Valeant Pharmaceuticals, which became valuable when she moved to hedge fund Krensavage Asset Management as an analyst. There, she initiated a short position on Valeant in June 2015 and continued to press as her conviction increased, leading to major gains for the fund as the stock plummeted.
Quadir holds a bachelor's degree in math and biology from Harvey Mudd College.
Jesse Reinherz, 27, Millennium Management
Reinherz, 27, is a stock-focused portfolio manager at Millennium Management, a $35 billion New York-based hedge-fund firm. He focuses on consumer and tech investing.
Reinherz joined Millennium earlier this year, and is one of the youngest portfolio managers in the firm's history. He previously was a senior investment analyst at Moore Capital, and worked on the sell side at Stifel, where he covered the beverage sector.
He holds a bachelor's degree in economics and math from Boston University.
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