Manager Jamie Stern
Luck and talent play a significant role in a trader's future career. If you look at the success stories of most hedge fund owners, you'll immediately see that in trading, as in any other profession, success is achieved by starting from the very bottom.
In most cases, your idol ran around the trading floor and delivered orders to brokers, conducted analysis and did research until his time came.
The most interesting thing is that statistics among all managers indicate that a trader approaches the creation of his own hedge fund only after forty years of age, when he has not only talent but also practical experience.
However, sometimes the talent of some individuals is so immense that, contrary to statistics, even young people achieve stunning success. In fact, you'll learn about the biography of one such manager in this article.
Jamie Stern's childhood and youth remain a mystery to many biographers, as this young man is still far from making his name in history, but most investors already know his name.
Jamie was born not so long ago, namely in 1988. It is known for certain that Jamie was a very talented and diligent student, and he was very much in love with history.
The first job is the first step to the top.
After graduating from Harvard, Jamie Stern developed a keen interest in the stock market and finance, so his first job was at Maverick Capital.
Jamie held the position of analyst at the company for one year, but this period was enough for him to realize his potential and decide to continue his studies, but in a new direction for himself.
After just one year with the company, Jamie Stern moved to BeaconLight Capital in 2011, where he took up the position of investment analyst and consultant.
He didn't last long at his new job, just one year, but he did get a new, promising chance to truly get involved in financial management at Greenmantle LLC, where he started working in 2012.
The most interesting thing is that by the time he joined Greenmantle LLC, Jamie Stern had earned a significant amount of money for his education, so upon taking up his new position, he entered Harvard Business School and successfully continued to study and work until he received his MBA degree in 2014.
His Harvard MBA and accumulated experience allowed him to be noticed by the large giant Third Point, where Stern was lucky enough to report to Dan Loeb himself.
Jamie worked hard at the company for two years, earning substantial bonuses and commissions for his excellent performance. Incidentally, it was his time at Third Point that allowed him to acquire his own capital for further development.
Creating your own Hedge Fund.
In 2016, a stunning piece of news hit the news media. At the age of 28, Jamie Stern founded his own company, Skye Global Management, with a registered capital of $75 million.
The most interesting thing is that Stern is one of the youngest managers in the history of hedge funds, since the only one younger was the famous trader David Einhorn, who founded his fund at the age of 27.
Of course, such a young manager did not inspire much confidence from the investor, but the company's considerable capital allows the fund to exist without outside funding.
The fund's 2017 disclosure shows that it already has over $127 million under management. This means that the fund's capitalization has grown by $52 million, or 66%, over the past year.
