Famous PM who started out in Equity Research?
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(Senior Orangutan, 376
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on 12/3/09 at 1:57pm
I often hear that many PM started out in trading or research but most of the whales I know of were traders.
Do you guys think that the "market knowledge" vs. fundamental knowledge learned early on produces more famous PMs or are there plenty of PM who started out in research who I do not know about?






...
...one of the guys who got busted with Raj from Galleon was the former head of research at bear stearns. He ran a fund called New Castle and ran $2bn in equity long/short at his peak. Not famous but the guy probably has a net worth of $75MM+. And he started in equity research.
Klarman, Peter Lynch to say a
Klarman, Peter Lynch to say a few.
.
I believe Eric Sprott started out in ER with Merrill Lynch in the 70's.
He was a billionaire at his fund's IPO. Now he's probably only worth ~$500 million.
James Chanos, Einhorn
James Chanos,
Einhorn (started IB, but switched to research at HF)
If you count "research at
If you count "research at HF," it's like every manager of a fundamentally driven fund (because what those funds do is...research). But if you mean sell side research, then scratch Klarman and Einhorn (mentioned in above posts). Also sell side research has changed a lot from what it was ten years ago, so not sure its fare to compare anyway.
Worth bumping this thread just for the post from 09 that talks about Raj not being famous. Ha.
um i wasnt refering to raj i
um i wasnt refering to raj i was refering to the guy who got busted with him and recently pled guilty. raj was worth many multiples of 75mm.
ha misread your earlier post,
ha misread your earlier post, sorry about that. jokes on me.
Although, actually, the joke's on Raj.
Stephen Mandel was at GS
Stephen Mandel was at GS research before Lone Pine.
learn the game before you
learn the game before you play it, right?
"It's not until the tide goes out that you see who's swimming naked" - Howard Marks
Druckenmiller started in
Druckenmiller started in equity research and I'd say he did quite well...
It depends on the strategy of
It depends on the strategy of the fund rather than just that most famous PMs came from one area. For instance, you'll be hard pressed to find an Equity L/S or Distressed PM who started as a trader, or a Global Macro PM who started in fundamental research.
ezekiel: Druckenmiller
Druckenmiller started in equity research and I'd say he did quite well...
As did Soros if i'm not mistaken.
But this was a long time ago, I don't think that you can now go the ER=> global macro/econ route.
TheSquale: ezekiel: Drucken
Druckenmiller started in equity research and I'd say he did quite well...
As did Soros if i'm not mistaken.
But this was a long time ago, I don't think that you can now go the ER=> global macro/econ route.
No, he started off selling purses on the streets of London.
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
Macro
Druckenmiller started in equity research and I'd say he did quite well...
As did Soros if i'm not mistaken.
But this was a long time ago, I don't think that you can now go the ER=> global macro/econ route.
No, he started off selling purses on the streets of London.
Didn't he start off trading currencies in black market in WWII if i am not mistaken?
marketbeater: Macro
Druckenmiller started in equity research and I'd say he did quite well...
As did Soros if i'm not mistaken.
But this was a long time ago, I don't think that you can now go the ER=> global macro/econ route.
No, he started off selling purses on the streets of London.
Didn't he start off trading currencies in black market in WWII if i am not mistaken?
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