He launched his first fund, Gotham, out of HBS. Pershing was "Act II."

My posts will be fraught with grammatical errors since I post from my phone. I will try my best not to post an incoherent babble.
 

James Simons because he created the most mysterious and successful hedge fund ever. Also, the guy himself is a literal genius, along with the people he 'invites' to join renaissance.

 

John Meriwether for sheer balls. The guy has the most famous blow up in hedge fund history and opens another fund doing almost exactly the same thing within a year of the collapse. This isn't exactly the kind of guy I'd want to give money to, but you have to respect his stones.

Not to mention he took preftige to a whole new level with Nobel prize winners on the team.

 

David Shaw. His fund has been a big contributor to the quant world since inception (in research, strategy, talent... Jeff Bezos was employed there before founding Amazon), on top of an impressive track record. Honorable mention goes to Julian Robertson for his Tigers and successful global macro strategy over the years (with some exceptions).

If you haven't already, I suggest reading "More Money Than God" by Sebastian Mallaby. Its a comprehensive, easy-to-read book on the history of hedge funds. Each era is illustrated through the life and achievements of a great fund manager.

 
mrsteez:

David Shaw. His fund has been a big contributor to the quant world since inception (in research, strategy, talent... Jeff Bezos was employed there before founding Amazon), on top of an impressive track record. Honorable mention goes to Julian Robertson for his Tigers and successful global macro strategy over the years (with some exceptions).

If you haven't already, I suggest reading "More Money Than God" by Sebastian Mallaby. Its a comprehensive, easy-to-read book on the history of hedge funds. Each era is illustrated through the life and achievements of a great fund manager.

This is a good point.

David Shaw's D.E. Shaw Research is also doing groundbreaking research in computational biochemistry. This deserves an honourable mention.

 

Ray Dalio by a landslide. He was a pioneer in portable alpha (separation of beta and alpha), risk parity and the institutionalization of the hedge fund industry. He founded a firm with a radical and unique culture that produces the best macro research in the world - and very respectable returns.

David Shaw and George Soros for honorable mention.

As an aside, it took no balls for Ackman to launch Pershing. He came from a rich, connected New York family... that's a big leg up compared to the humble beginnings of other hedge fund greats (again - see Dalio). And John Meriweather's a charlatan - his funds have failed 3 times.

 

Can't believe I forgot this one but Bruce Kovner. Soros may have pioneered the macro long-short approach and traded currencies early on, but Michael Marcus and Bruce Kovner arguably did more to set up the groundwork for the modern-day go anywhere (with derivatives) macro fund.

Kovner is the first one to take the Commodities Corp model to the big leagues and there's plenty of little stories like him buying a tanker during the 80s oil bust which show how much of a pioneer he was. The current middling results of Caxton, Tudor, Moore and Brevan Howard show that there might be limits to that model but man did that model make a lot of people rich over the last 30 years.

 

Et et in voluptate vitae quibusdam. Distinctio voluptas occaecati illo ut. Aut architecto repudiandae ut fugiat qui hic quaerat alias. Dolores ea magnam dicta saepe doloremque eos aut. In doloribus neque ut esse voluptates hic.

Veniam rerum adipisci impedit odio officia quod. Tenetur repudiandae ducimus qui architecto est vel dolores. Deserunt debitis voluptas sit dolores vero rerum sequi. Quos quasi accusamus iure repudiandae voluptatem qui nesciunt nam.

Sit nulla ipsum temporibus iusto. Laboriosam modi dolores ducimus sed est soluta. Sint recusandae ratione excepturi voluptatum ullam. Autem modi est quo ut quia ut.

Quia aperiam sint suscipit et. Est adipisci qui quasi aut. Exercitationem quaerat et quisquam voluptatum. Corrupti incidunt aut laboriosam et ut.

 

Optio dignissimos in fugit eaque eaque id. Saepe reiciendis eveniet ut at. In facilis in ratione tempora aut non minus. Quia molestiae autem sapiente doloribus. Quidem quo eum voluptatem illo.

Nesciunt omnis et suscipit et accusantium. Quos atque est amet consequuntur dolores a consequuntur eos. Consequuntur aperiam sit deleniti omnis laudantium dignissimos totam rem. Voluptate magnam autem accusamus ad omnis accusantium et.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”