2012 Top Titans Part 2

//2012 Top Titans Part 2

2012 Top Titans Part 2

Nelson Peltz

Nelson Peltz

Rank: 20

Firm: Trian Fund Management

Headquarters: New York

Earnings: $110 million

Despite a failed bid for deep discount retailer Family Dollar in the winter of 2011, Peltz led his Trian Fund to another positive year. The firm’s flagship long/short equity fund, Trian Partners, returned 7.02% net of fees. Trian divested its CBS and PepsiCo stakes in 2011, and reduced its stake in Kraft while calling for State Street Corp., to spin off its investment management operation. Peltz is believed to be pursuing the NHL’s New Jersey Devils through the acquisition of the club’s debt.

 

Michael Platt (right)

Michael Platt

Rank: 16 (tie)

Firm: BlueCrest Capital Management

Headquarters: London

Earnings: $125 million

The 43-year-old co-founded BlueCrest Capital Management in late 2000 after nearly a decade at JP Morgan. Since then, BlueCrest has amassed nearly $30 billion in assets under management, making it one of Europe’s biggest hedge fund firms. Platt’s multi-strategy BlueCrest International fund, which capitalizes on currency and interest rate based bets, returned a net of 6.13% in 2011.

 

 

 

 

 

Bob Mercer

Robert Mercer

Rank: 16 (tie)

Firm: Renaissance Technologies

Headquarters: East Setauket, N.Y.

Earnings: $125 million

Former IBM language recognition specialist joined Renaissance in 1993. Mercer, 65, took over as co-CEO when Renaissance founder James Simons retired. Politically conservative, NRA member, financed opposition to Islamic center near Ground Zero. Has huge model train in home basement.

 

Seth Klarman

Seth Klarman

Rank: 16 (tie)

Firm: Baupost Group

Headquarters: Boston

Earnings: $125 million

A value investor known for avoiding leverage and holding cash. Klarman’s Baupost Group has seen its assets under management balloon in recent years to $24 billion as new money flowed in. Klarman, 54, has tried to keep a low-profile but recent investments in a Canadian quarry and mortgage securities issued by Bank of America, have been subject to publicity. His out of print book Margin of Safety (which sells for $1795.00 on Amazon.com) has become a new bible of value investing.

 

Peter Brown (left)

Peter Brown

Rank: 16 (tie)

Firm: Renaissance Technologies

Headquarters: East Setauket, N.Y.

Earnings: $125 million

Worked as language technology expert at IBM. Joined Renaissance Technologies in 1993, promoted to co-chief executive after founder James Simons retired. Talkative and competitive, he’s socially liberal and fiscally conservative, owns one home and drives a Prius. He wrote a computer program to seat people at his wedding. Has ridden a unicycle in the office. Is the son of Henry Brown, who invented the money-market fund.

 

David Harding

David Harding

Rank: 15

 

Firm: Winton Capital Management

Headquarters: London

Earnings: $150 million

London’s commodities king tried to join Wall Street after graduating, but all the American investment banks he applied to turned him down. He took a trainee position at a small broker, then became a futures trader at one of the U.K.’s first futures funds. In 1987 he co-founded a quant-driven firm, AHL, which sold to Man Group. In 1997 he founded his second firm, Winton, his middle name, now the world’s biggest managed futures firm with $27 billion under management.  Net returns of 6.3% in 2011. Likes punk rock, hiking. Did textual analysis of the bible.

 

Daniel S. Och

Daniel S. Och

Rank: 14

Firm: Och-Ziff Capital Management Group

Headquarters: New York

Earnings: $170 million

The performance of Och-Ziff’s Master Fund was flat in 2011, but the firm’s stock price took a disproportionate beating, falling 37% over the year. It wasn’t all bad for the company’s namesake, however, who earned $1.07 in cumulative dividends per share in 2011, much of which was the bounty of a good 2010. Och’s firm manages $29 billion and its founder is cautiously optimistic heading into 2012, seeing opportunity in Asian equities where macroeconomic conditions have depressed market prices below fundamental values.

 

Andreas Holvorsen

Andreas Holvorsen

Rank: 11 (tie)

Firm: Viking Global Investor

Headquarters: Greenwich, Ct.

Earnings: $200 million

In the hedge fund world having to say “no thank you” to new money is considered a good problem. That’s what Andreas Halvorsen, 50, had to do for his flagship Viking Global Equities in 2011. The $13.8 billion fund netted a 7.6% return last year. It’s clear then why Halovorsen, a former Norwegian Navy Seal, is considered one of the most successful Tiger alumni. These days he’s pretty much running the show at Viking on his own.

 

Paul Tudor Jones II

Paul Tudor Jones II

Rank: 11 (tie)

Firm: Tudor Investment Corporation

Headquarters: Greenwich, Ct.

Earnings: $200 million

While Tudor Investment Company’s Tensor Fund returned a dismal -10.29% net of fees in 2011, the firm’s $8 billion flagship BVI Global Fund, managed by Jones himself, produced a respectable 2.12% net return. Tudor is offering a new class of shares in the fund that will allow investors to choose between fees of 2.75% and 27% or the 4% and 23% he currently charges. The noted outdoorsman apparently has developed a second hobby: updated tax rolls in Greenwich, Ct., revealed 16 cars registered in Jones’ name in February.

2012-03-05T03:14:50+00:00

About the Author: