whatstheofficerproblem

Carlene Ziegler, cofounded Artisan along with her husband, they have ~$176B today.

Caroline Cooley, one of the OGs. Managing Partner and CIO of Crestline Summit Strategies, previously ran a fund of fund for Crestline too. Used to be a derivative trader back in the day. Deserves that bright smile.

Elite Wealth Management, WA based, Fariba Ronnasi, pretty meh performance, inline with the S&P500, multi-strat with all strategies in at the end in line with the benchmark. Grown to $840M in AUM despite it. Edit: Fariba is also the founder of Lattice Capital Management ~550M AUM, their flagship Dynamic Alpha Fund has a 3 YR CAGR of ~29.5%

OPTI Capital Management, NY based, run by Xiuping Li, the fund's performance is scary. Purely from their 13Fs, 3 Yr Annualized performance was ~120%, All time performance was ~950%. This is just the $1B they have in US equities, not to mention the other $600M which is outside. Goes to show how there always were smart women in finance who rose above the rest, just that they did not enter the ego measuring contest like certain managers that's it. When will people realize that anonymity is the greatest wealth.

@LC You misunderstood me , I was just listing women in finance (HF) space that are well worth mentioning. I only have eyes for Cathy Woods, you see, I don't like women smarter than me.

Kite Lake Capital Management - UK based fund specializing in Event/special sits, started with $100M in 2013 and now grown to $2.7B, the co-founder and CIO is Massi Khadjenouri, 2022 performance of the KL Special Opportunities Fund was 14.3%, outperforming a lot of big named firms. I remember pitching BN's ORG acquisition to her. The grandmother I wish I had. https://thehedgefundjournal.com/kite-lake/

Now that's a lady whose number I'd be interested in.

Speaking of women in finance. https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=9027

Increased stake in GOOGL by 168%.

If the Ukrainians had consulted me before blowing up the stream, I would've gone to Russia and bought equity in good businesses like SBER, YNDX etc for pennies on the dollar while telling the sellers that we would never open markets to Russian stocks again. An opportunity missed this one. People already hated giving billions to Ukraine while things in house looked grim, they were just not outspoken about it for obvious reasons. This attack will only turn that fringe vocal minority into a sizeable voice that can't be ignored. Soon Russian stocks will be traded again. If you're an investor in Russian securities and are looking to sell your stake please shoot me a message. My offer prices: SBER - 20 RUB/sh YNDX - 200 RUB/sh GAZP - 20 RUB/sh POLY - 5 RUB/sh

Definitely worth a watch.

I know the -9% one, Hannah Kleit I think her name is.... don't ask me how I know. Fancy seeing her around here.

The fish bigger than FTX is Binance, apparently CZ is worth >$70B.... then again, I get why it is still afloat, a sinking ship is better than open water.

Not that I am defending anyone but SAC Capital and P72 are totally different. SAC Capital worked in a times where the markets were inefficient and the literal model for hedge funds was to hire managers and analysts with networks in gray area so they can obtain information and trade on it (technically insider) and that was the wild wild west of hedge funds era, the above article reflects it's times. Ironically this dark model was actually the foundation for what would later become institutionalized and turn into market neutral MM shops. The previous model actually made the employees liable while the CEO (Steve) was not touched, it's still the same now but the business model has drastically changed. In fact, P72 is highly sought after as their academy program is considered one the best training programs for students aspiring to enter HF space.

True. I think this is Cohen's big break, he started a structured fund where a lot of good talent is recruited, I guess that reflects in their returns. It's a multi-manager pod shop, kind of 'eat what you kill' business model, PMs get what they make. Point 72 also recently started Launch Point, which directly gives existing senior analysts seed money to start their own fund. From what I've heard, a much better workplace than Millennium and other MM Shops. Too late to ask about your friend for me @Dinar, unless he is a PM since I already took my L. Assuming you would even be open to that.

Didn't think the story was worth a separate thread, so putting it here. I'm a student so I applied to intern at some L/S funds of which Point72 is a part of. I got rejected, while my subpar school could be a reason, I heard even worse people got a case study. You see, on my resume I talk about how I have some investment ideas published on my own substack, SZ and TheCoBF, I even praise this forum in it's description. I wonder what part of me being a member here is the reason considering we have history with good old Steve. Edit: If you work in HF space..... send me a DM .

Looking forward to the video, do post a link on here once done. I have worked for a Venture Capital firm before, it is fascinating how many unique businesses are out there with revolutionary ideas that fail because of timing or miserable execution, and then there are also outright stupid ideas and business models that are slapped with billions in valuation. Lucid motors with a market cap of $15B has a cash burn >$6B; Curious to know what his next billion dollar idea was.

The lyrics in this one! Ford fans are gonna love it.

Cough.. I'm not too greedy, I just need a board seat.

@RedLion maybe your toddler will create a REIT that will outperform BX and the rest. I can smell the money on this one, better invest when young, will probably be too expensive later on. How can I along with Harvard with combined 8 billion dollars, get a piece of your toddler's REIT. I mean, BX got money from a non-target state school, we can do better than that.

Couldn't stop laughing. Especially the qualities Warren lacked part.

https://www-bbc-com.cdn.ampproject.org/c/s/www.bbc.com/news/world-us-canada-64082923.amp Foreigners now banned from buying homes in Canada!

Yeah, I meant businesses and rich people, well since it was in Germany, I was confused, any chances an event like that can happen again? A lot of people seem bullish abuot the Yen.

Long time ago, during the cold war era, right before the Russian Ruble massively lost it's value, I heard that some rich people and Hedge Funds/Businesses anticipated this fall and took out massive loans from Russian banks with help of corrupt bank officers. They then converted everything to USD, with a strengthening dollar and a weakening ruble, it is said that as soon as the Ruble fell, they quickly repaid all this debt for less than half of their debt amount and pocketed the rest as it is now pure profit. Is this true? If it is, why are there not many people doing this again? The ruble fell heavily during Q1 2022, why not take out a loan a couple Q's before and profit? Same is the case with Ukranian hryvnia. I know it can be difficult to time these things and I'm speaking with a lot of retrospective bias, but any business entity with a loan from these countries must have enjoyed this year because it was easier to repay? Thoughts?