Build an Investment Dream Team

Similar to the '96 Bulls or '92 Olympic basketball team, if you had to assemble a list of investment managers/top analysts who have had a consistent track record. Prefer investors past 1980's.  

Bonus points if you have interacted with someone on your list irl and know if they would/wouldn't be a good team player (being an asshole, egotistical about stock ideas, etc).

Comments (19)

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  • Summer Associate in Consulting
Jan 17, 2022 - 6:20pm

5 IU Kelley students & 1 rutgers kid

  • 9
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  • Investment Analyst in HF - Other
Jan 17, 2022 - 8:26pm

I think about this a lot. I've been in this business for a decent amount of time, and I have my list of guys I have a tremendous amount of respect for. Some of them aren't "name brand", some are, but all are brilliant guys, the kind that if you stripped them of all their $$, they would find a way to get back. So let's break it down this way -- in basketball, we have PG SG SF PF C, so for this let's call it Event Driven, 2 L/S (2 for sake of commonality of the strategy), Distressed, and PE. In no order, here's my lineup

Event Driven: Dan Och, Tom Sandell, Eric Mindich

L/S: Stephen Mandel, Chris Hohn, Dan Sundheim, Ricky Sandler

L/S Part 2: Joel Greenblatt, Chase Coleman, David Goel, Dinakar Singh

Distressed: David Tepper, John Zito, Jeff Altman

Private Equity: Marc Rowan, Josh Harris, Leon Black 

Lol PE, but yes, APO all the way. And yes I know some are not textbook definition of L/S, but just call it "equities". I don't know much about macro, and I'm not interested in talking abt macro lol, so I swapped it with PE. No offense to the macro folks. And do not say "Oh gee Mandel and Coleman suck, they're just long tech short retail". Wrong. Replicate their performance over 2 decades, manage $30bn+ while trading in and out of names monthly and still put up serious #s, then come back to me. Some of these guys may have hit a rough patch in past few years, or may not even work in the industry anymore. But it doesn't matter. They're still incredible investors. I work for one of the guys on this list -- by far the most brilliant investor I have ever interacted with. Not disclosing anything lol. Now imagine what would happen if you gave this team like a few billion to play with and told them "have fun" (assuming zero other responsibilities other than just investing), with no analysts...jeez

There are a handful of guys running like $500mm-2bn shops that I would put on this list, or even PMs / Partners at some of the funds on this list that I would put on this list, but that's more anecdotal and I'm not sharing that, plus majority would have never heard of them

Jan 22, 2022 - 1:46pm
powerforward1, what's your opinion? Comment below:

for any team, I'd have concerns about how the team would mesh, if 2 alpha dogs have a political showdown, then the entire team is moot

Remember: if Isiah Thomas would have been on the dream team, the entire thing might have fallen apart

Array
Jan 22, 2022 - 4:55pm
blank112, what's your opinion? Comment below:

it's a crime that your distressed list doesn't have (at least) one of the MOUs from Elliott, Canyon, or Oaktree. Otherwise solid list. 

  • Investment Analyst in HF - Other
Jan 22, 2022 - 5:08pm

No, it's not. To be frank, you don't even work in the HF space, let alone finance, and think name brand = best. When you start working and talking to people in this business, you'll learn that's just not the case. Elliott, Canyon, and Oaktree aren't bad investors, but they're not the best -- definitely not "dream team" caliber. Just because these guys show up in every bk / rx situation doesn't mean anything, in fact that's probably a negative, but it's necessary for them since they have so much $ under mgmt. Maybe 15-20 years ago I would put them on the list. But strategies, like mkts, evolve. I am not a credit guy, but it doesn't take a genius to see that distressed has gotten incredibly difficult post GFC. Those three funds haven't performed, at least on the pure distressed side. On the other hand, the other three have thrived. And I've met plenty of guys at all these shops -- I think the brightest shops are on this list.

My advice to you: I would stop caring about prestige and name brands. When I was your age (which wasn't too long ago, I'm still in my 20s...), the funds everyone was crazy about have gotten wrecked since then. I wouldn't make it my life goal to join one of the 3-4 funds everyone is obsessed with. Instead, if you truly think you are cut out for this business, I would try to find the best / brightest PM you can possibly find, learn from / work for him, and then time will tell. There are tons of funds that are 10% of the size of Pershing that people have tremendous amounts of respect for. Those guys print money.

  • 3
  • Investment Analyst in HF - Other
Jan 26, 2022 - 6:16pm

no, but yes i may or may not have apo blood...as i said i'm not a credit guy lol. but zito is a great investor i've spoken to him

  • Intern in HF - Other
Jan 17, 2022 - 9:02pm

tepper

li lu

noebert lou

alex sacerdote

soros/rogers

druckenmiller

PTJ

paul singer

dan loeb

rick sandler

nick sleep

pierre andurand

mario gabelli

lou simpson

Jan 22, 2022 - 11:13pm
hunt4dollas, what's your opinion? Comment below:

Steve Cohen

David Tepper

Paul Tudor Jones

James Simons

Michael Platt(Since running his own money not before)

Gabriel Plotkin

George Soros

Brad Gerstner

All I can remember off top of my head

Jan 26, 2022 - 5:42pm
Leverage Hero, what's your opinion? Comment below:

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