This Guy Got A $20 Million Mandate While You Were Tweeting About Donald Trump - Dealbreaker

This Guy Got A $20 Million Mandate While You Were Tweeting About Donald Trump

Memo to Tepper, Dalio, Soros et al: social media is the place to be these days if you want to raise money for a hedge fund.
Author:
Updated:
Original:

Get off Instagram and start proving you’re worth a damn.

Joshua Young started his hedge fund less than a year ago. Last month, he caught a break when a university endowment handed him $20 million, quintupling his assets under management….

Young, all of 32, had set up a profile on SumZero, a website that started out as a repository for buy-side research and has more recently morphed into a mashup of LinkedIn and Match.com where institutional investors can find up-and-coming fund managers and choose them based on the quality of their analysis. Using SumZero, Young bypassed an old-boy network that prizes relationships, credentials and word-of-mouth referrals.

Hedge Fund Manager Puts Profile on Social Media, Lures $20 Million [Bloomberg]

Related

The SEC Is Giving Money Back, You Guys

The SEC is writing one hedge fund a check for $21.5M and the memo line says "Oops! Our bad."

Rob Lavinsky, iRocks.com – CC-BY-SA-3.0 [CC BY-SA 3.0], via Wikimedia Commons

Hedge Fund Never Wanted $20 Million Investment It (Allegedly) Bribed Someone To Get

Platinum Partners would really like to disassociate itself with certain investors right now.

Plaudits For Oil Trader Who Got It Right This Time

Pierre Andurand still listening to himself, and finally getting good advice.

Trump.Paulson

John Paulson Obviously Thinks President Trump Is All About That Trade With China Life

JP is moving money like he knows something about his homeboy Trump and "Gyna."

TrumpDip

Trump Giveth And Trump Taketh Away

Rubicon Fund Management’s got a serious case of orange whiplash.

Bernie Sanders And Donald Trump Are Destined For Each Other

Donald represents Queens, Bernie was raised out in Brooklyn.