Graduated Harvard College in 1988.
Received MBA from Harvard Business School in 1992.
Starts Gotham Partners in 1992.
After winding down Gotham Partners in 1992, opens Pershing Square Capital.
But does anyone know what he did from 1988-1992? Try to gauge what type of experience/knowledge he attained that enabled him to start a successful L/S HF.
| +39 | HF Start-up salary expectation | 15 | 23h |
| +23 | Undergrad Hedge Fund Programs | 13 | 1h |
| +23 | Navigating pod politics | 7 | 2d |
| +20 | Recruiting from Low-Quality Fund | 2 | 23h |
| +15 | How hard is it to go from a large L/O to a Hedge Fund (Either L/O or L/S) | 4 | 8h |
| +13 | HC or M&A IB Group for HF | 7 | 3d |
| +12 | The 8 MNPI control gaps SEC examiners keep flagging | 0 | 4d |
| +9 | Treasury basis trade | 1 | 17h |
| +9 | Analyst / PM Divide & Trade Book | 2 | 1d |
| +9 | LSE EME vs MIT MFin | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
He worked for his dad, apparently.
Yup, commercial real estate brokerage IIRC.
Isn't it more likely that his success with Gotham Partners was more a function of pedigree, network, talent, timing, and a bit of luck than the 4 years between ugrad and MBA?
May be but the questions still valid, because you see that gap for a lot of the big guys. Undergrad in x MBA in y. Ok? And what did you do in between if I may ask?
Hmm...
If that's the case I'll be glad that I went to a non-target school and my dad works in a factory if/when I launch
Like most guys who start hedge funds in their 20s, the key talent that he possessed that enabled him to start and grow a successful l/s hedge fund was a very rich and well connected father.
Don't be playa hatin' now
to be fair here, I know a handful of guys who raised PE or hedge funds as well (in the last 2-3 years), and what they all had in common was a similarly wealthy family background and strong network (family/themselves). So, he's not that far off I guess.
Lol, truly admirable
Started out with 7 investors that included Michael Porter, Martin Peretz, and the Ziffs
http://therealdeal.com/2015/10/30/larry-ackman-sol-goldman-gave-me-my-f…
Ackman told a story about how he got his start in the business in 1962, when, as a freshly-minted graduate of Harvard Business School, he went to work at his father’s business Ackman and Companies.
“There’s no such thing as inheriting customers in a services business,” he said. “So for the first three or four years I did nothing but cold-call solicitation, going from office to office on what I called my milk route.” -Bill Ackman
Fixed that for you. Regardless, still a pretty interesting story.
Assumenda praesentium numquam neque delectus amet delectus. Dolor dolorem quae id repellendus autem praesentium cum. Dicta quam incidunt inventore quia et et inventore. Sunt aspernatur enim non accusantium perspiciatis.
Natus iusto consectetur debitis consectetur dolorum. Distinctio recusandae et vitae non est alias. A eius doloribus voluptatibus sit unde nobis magni. Eum eos adipisci ullam nihil quis eius. Praesentium magni aut nemo libero molestias blanditiis aut. Sit sunt mollitia ad labore et. Rerum dolor aut nihil omnis rem optio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...