This chapter explores the changing role of a prominent investment figure, shifting from a powerful owner of SAC Capital to a more collaborative leadership structure at a major firm. It highlights their passion for trading and personal anecdotes that capture their dedication, alongside a notable career comeback in wealth management. The chapter also discusses the impact of leadership changes on the long-term viability of hedge funds and speculates on the individual's potential future as a baseball team owner.
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Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Brent Schutte, Chief Investment Officer at Northwestern Mutual Wealth Management Company, discuss the Federal Open Market Committee voting to lower the benchmark rate by 50 basis points to target range of 4.75%-5.0%, the first rate cut in more than four years. Bloomberg News Hedge Fund Reporter Katherine Burton explains why billionaire hedge fund founder Steve Cohen is no longer investing clients’ capital for Point72. Bloomberg News Senior Editor Dimitra Kessenides has Businessweek Magazine’s Best Business School Rankings for 2024–25.
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