Just saw the new Forbes 30 Under 30 and was shocked by some of the people. Specially Alex Kimball (Tiger partner in 3/4 years after being an Associate at Blackstone).
Does anyone know similar stories? Industry rockstars?
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Yeah there are a few who did golden path (Wharton/Harvard) to BX PE analyst 3-year program (ends with being an associate) and then to a tiger cub/top SM fund. At that point they do well for a few years and get the promotion.
Yes I've seen a few of these but never someone making Partner so early. 3-4 years is a fast promotion even for PM...
That’s normal path at tiger, isn’t it? No one is a pm other than chase and scott (and once feroz), and definitely not alex. Other guys just ‘partner’ analysts and public team is very small because they invest in like three sectors with concentration and low turnover. Partner means different things at different funds. Everyone i know at tiger made partner in 3 or 4 years or left. Or made partner, then left.
.
It reads like a college admissions diversity book - there are a lot of kids in finance more successful than "most" of these candidates. Couple are obviously legit, but the insane diversity push hurts them imo.
"Sam Bankman-Fried, founder of cryptocurrency derivatives exchange FTX in late 2019 generated $100M in revenue this year already. He owns over 50% of the company." This is a business that is set to overtake Binance, the largest crypto exchange in the world, in a few years. That's more rockstar to me than being a partner at a HF tbh.
And he’s ex-Jane street
He’s is by far the most successful guy on the list
Well this aged like a glass of fine milk 😬
Becoming partner at large, established, lean hedge funds is still a route to $100mm payday... check och ziff/sculptor or fortress guys who made $110mm and $300mm, respectively. One of them was 31
Care to name names?
100%
Edit: Yay Monkeyshit from that thinks there's a plethora of $100mm seats in the industry
This aged well
Cold take?
https://80000hours.org/career-guide/member-stories/sam-bankman-fried/
The guy isn't even motivated by money. He's part of the movement that says get rich and donate as much as you can to help save the world. Crazy how smart, successful and generous he is.
This is gold haha
lmfao
Not being a hater just calling a spade a spade - usually every year that list has like 5 people give or take that are really out of the ordinary. The rest of the list is basically PR machine of large firms that put a couple people forward after being asked by Forbes. Its not that the people aren't good, its just that they are typically no different than others of similar age/level in finance. Forbes isn't actually looking for the best of the best.
Most of these guys are scrubs. The richest and most successful guys don't want people to know what they're up to, because there's little upside and a lot of downside.
What do you mean by that?
see David Gelbaum, for instance
Fame is just harassment from the average
Basically this. Most of these lists are self-submission and kind of a joke. Just look at all the Associates and VPs getting on this list - hardly special lol. Real rockstars don't want to be on these lists. The attention is not desirable at all.
I had networked with alex when I was in college. Pretty smart guy. Didn't know he made 30 under 30 until I read this haha
Defining "Rockstar" can be difficult and quite subjective, but I think this guy is pretty strong. Made it to Partner at McKinsey after ~5 years at the firm and ~10 of overall career experience, half of which wasn't in consulting. Pretty impressive if you ask me.
whatever you say riccardo.
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There are a bunch of 26-30yo partners in the hedge fund space (comping $3M+ annually since 26/27 yo). Like 50-ish people globally who rarely make it into FU30
Where? Can you name examples Assuming they graduate college at 22 and do 3/4 years of analyst/PE that means they join a HF at 25/26. How do they make Partner at 27?
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