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Lee S. Ainslie III is the head of hedge fund Maverick Capital, which in 1993 he helped form at the invitation of billionaire Sam Wyly. Prior to joining Maverick, he worked at Julian Robertson’s Tiger Management Corp. He holds a bachelor’s degree from the University of Virginia and an MBA from the University of North Carolina. He was profiled in the book, Hedge Hunters, by Katherine Burton.

Background

Lee Ainslie was raised in Virginia and is the son of an Episcopalian headmaster.

Education

Mr Ainslie received a B.S in Systems Engineering from the University of Virginia, a Westmoreland Davis Scholar and Thomas Pinckney Bryan Jr. Scholar, and an M.B.A from the University of North Carolina.  Ainslie was recruited straight from graduate school into hedge fund management by Julian Robertson, founder of Tiger Management Corp.

Maverick Capital

Maverick has offices in both Dallas and New York and now manages over $5 billion. They are a long/short equity hedge fund and in an interview with McKinsey, Ainslie said that: “Our goal is to know more about every one of the companies in which we invest than any noninsider does.’

‘No Holds’ Investing

Ainslie is a strong believer that when investing, there are no ‘holds’. A good investor should be either willing to buy more at the current price or to redeploy the capital  to something that does deserve incremental capital.

Outside of work

Ainslie on the Board of Directors of the Robin Hood Foundation, the Board of Trustees of the Episopal High School and the Advisory Board of the University of Virginia’s Alumni Association. He is also Vice Chair of the Robin Hood Foundation.

Links

Market Folly Profile

How Lee Ainslie does it – Investment News

2009 year end letter from Maverick Capital

LinkedIn Profile

Pierre Lagrange is a partner and co-founder of GLG Partners.

Background

Born in 1962 in Belgium, he now resides with his family in London and Hampshire. He owned GradeII listed Woodperry House in Oxfordshire, before moving in 2006 to a country house in Hampshire. The Sunday Times Rich List reported that in 2009 he had a wealth of £195m, a fall of £265m from the previous year

Education

Mr. LaGrange received an M.A. in Engineering at Solvay Business School in Brussels.

Early Career

Prior to 1995, Mr Lagrange worked at Goldman Sachs managing global equity portfolios and at JP Morgan in government bond trading.

Later Career: GLG Partners

Pierre Lagrange was a co-founder of the GLG Partners division of Lehman Brothers International (Europe) in 1995 alongside Noam Gottesman and Jonathan Green. Since its formation in 2000, he has been a co-founder and Senior Managing Director of GLG Partners LP. Mr Lagrange has overall responsibility for a number of global equity products, including the GLG European Equity Fund, the GLG Environment Fund, the GLG EAFE Fund and the flagship GLG European Long-Short Fund.

Personal Life

Known to be a keen supporter of London’s Tate galleries and modern art project Artangel, Mr Lagrange reflects the more creative side of Mayfair’s hedge fund set. He was also among the backers of the independently-finance, comic book-based action film ‘Kick Ass.’

Links

Forbes profile

Hedge Fund Journal – Q&A with Pierre Lagrange

 

Ray Dalio is an American businessman and hedge fund manager who in 1975 founded Bridgewater Associates which manages approximately $80 billion in assets. As of 2007, his net worth was estimated at $4.0 billion. He received a BA from Long Island University and an MBA from Harvard Business School. Dalio attributes his success to refusing to use a lot of leverage and his relentless pursuit of differentiation. He has also attributed his success and that of Bridgewater to his set of 300 principles, which he has collected and made public on his company’s website.
In his spare time Dalio is known to hunt deer using a bow and arrow. He occasionally eats what he kills.

Philosophy

Mr Dalio is known not only for his money making prowess but also his distinctive outlook on life. His basic philosophy is what he calls ‘hyper-realism,’ a belief that brutal honesty is required to yield the best results. For Dalio it is transcendental meditation that ‘is the single most important reason for whatever success I’ve had.’

The Principles

Ray Dalio’s principles serve as the hedge fund’s unofficial handbook. Dalio’s firm runs on a set of 295 principles that he devised and distributed to all employees. The principles draw lessons from the natural world and offers advice to employees on how to achieve fulfillment both at work and in life.

Personal

Dalio lives with his wife and four sons in Greenwich. One son has taken in his fathers footseps and by the age of 16 founded the China Care Foundation to help Chinese orphans.

Quotes

‘I founded Bridgewater 35 years ago, two years out of school, so I didn’t know much. Probably my greatest asset was that I knew I didn’t know much. I had learned how tough it was to have an opinion that I am really sure about by trading the markets.’

“I look at nature’s complexity and think, man has the intelligence of mold growing on an apple.”

Links

Bridgewater Associates

Ray Dalio Cityfile Profile

St. James’s Place plc is a public company founded by Mike Wilson, Sir Mark Weinberg and Lord Rothschild in 1991, previously under the name of J Rothschild Assurance Group. Its market capitalisation places it in the FTSE 250. St. James’s Place Wealth Management Group has funds under management of some £21 billion. They believe that their success over the years has depended to a considerable extent on two central aspects of their approach to wealth management; an emphasis on building strong, lasting, personal relationships with clients and their distinctive and effective approach to investment management with the most experienced professionals working with an average of 17 years worth of experience. St James’s Place also saw a massive profit boost of 60% for the first half of 2010, bucking the overall trend.

In 1992, The St. James’s Place Foundation was founded. It is the charitable arm of the St. James’s Place Wealth Management Group. The Foundation aims to improve the quality of life for those people in need as a result of disability or disadvantage. In 18 years the Foundation has raised more than £18m and distributed the majority of those funds to more than 700 charities, with grants ranging from a few hundred pounds to in excess of £1m.

Links

St James’s Place wikipedia page

The SJP training academy

St James’s Place’s consumer partnership with the Telegraph