Tuesday, March 20, 2012

Quick! Hire a Kid! Part II: "Hedge Fund Rising Stars: The Best of the Next Generation"

If you thought the message of yesterday's "Transports, Small Caps Hit New Highs" (Quick! Hire a kid!) was on the money here are some candidates.
From Financial News:
This is the second annual FN 40 Under 40 Rising Stars of Hedge Funds, Financial News’ editorial pick of the brightest up-and-coming men and women in the industry. As the European hedge fund market matures, they represent the next generation of talent. 

And they’ve been busy. Last year more than 1,100 new hedge funds launched globally, the highest number since pre-crisis 2007, and six of the 10 largest in Europe came from new hedge fund firms.
This faith in new managers is mirrored in this year’s FN 40 Under 40. A quarter of those listed are founding partners in new firms. The list also names stars from long-established European hedge fund managers, such as Odey Asset Management, Egerton Capital and Cheyne Capital.

This list is not confined to money managers. Reflecting the increasing institutionalisation of the industry, it includes individuals from the operational and strategic side of the business, investors, consultants, prime brokers and a lawyer.

Only eight of last year’s Rising Stars made the cut again this year. Of those that did, half of them are portfolio managers who stood out from the crowd by posting solid performance in 2011, when the average hedge fund lost 5.26%. 

There are other common threads among the 40 names on the list. A quarter of them have worked at Goldman Sachs at some point in their career, several have played competitive sports to a high level, including tennis, trial biking and bob skeleton. All of them have shown focus, flair and financial nous in the face of unprecedented uncertainty.
How we chose

Over the past three months, Financial News canvassed the market for opinion and drew up a longlist of more than 100 potential rising stars. All nominees had to be under 40 years of age on May 30, based in Europe, the Middle East or Africa and working in the hedge fund industry or support services to it. 

Candidates were then assessed by FN’s editorial panel on four criteria: achievements to date given their age, the stature of their mentors, firepower at their disposal, and their potential to reach a position of great influence. The longlist was then whittled down to the final 40 listed here. The list is not ranked.
The list in full: 

Nick Advani, Goldman Sachs Investment Partners
Ali Akay, Carrhae Capital
Edgar Allen, The Children's Investment Fund
Tim Babich, Fortelus Capital Management
Jeff Blumberg, Egerton Capital
John Candillier, Occitan Capital Partners
Leonard Charlton, Dalton Strategic Partnership

Also at FN: "FN 40 Under 40 Hedge Fund Rising Stars - profiles in full"

HT: the Wall Street Journal Europe's The Source blog: