According to Forbes: When we last checked in with Michael Steinhardt in October
2012, shares of WisdomTree Investments, where Steinhardt serves as chairman,
were up 12.4% on the week, netting the investor a $24.3 million paper
gain. I focused Steinhardt’s October
entry on the recent success of WisdomTree, and on the merits of ETFs in general
as investment tools for retail and professional investors alike. But Steinhardt
himself is, simply put, a legend in his own right.
Worthy of mention alongside greats such as Soros and
Robertson, he was a pioneer of the hedge fund industry and he was one of the
best. His firm, Steinhardt Partners, achieved a compound average annual return
of 24% from 1967 through 1995, more than doubling up the S&P 500 over that
28 year period.
And Steinhardt’s personal narrative is as intriguing as his
investment record…..
No comments:
Post a Comment