Sunday, May 27, 2012

Brand new details on the credit trader and cardplaying chessmaster who sandbagged JPMorgan's London Whale

More details about credit trader Boaz Weinstein:

He grew up in Manhattan's Upper West Side.
  • He earned the title of chess master when he was 16. At a recent auction, he paid $10,500 to play chess with legend Garry Kasparov. He plays online games with Silicon Valley venture capitalist Peter Thiel.
  • He won a stock-picking competition as a student in New York's prestigious Stuyvesant High School.
  • When he was 18, he failed to land a job at Goldman Sachs. But then he was able to get more interviews after playing chess with a senior partner, whom he ran into at a bathroom.
  • He studied philosophy at the University of Michigan.
  • As a credit trader at Deutsche Bank, Weinstein booked profits in 10 out of 11 years
  • In his heyday, he booked around $40 million in profits each year.
  • He earned the title of managing director at age 27. At the time, he was the youngest MD in Deutsche Bank history.
  • During the height of the financial crisis, his team had lost around $2 billion.
  • In 2005, he won a Maserarti at a poker tournament sponsored by a unit of Berkshire Hathaway. He still drives it.
  • He's banned from Las Vegas' Bellagio casino for counting cards at blackjack.
  • His hedge fund Saba Capital, has $5.5 billion under management and his offices are located on the 58th floor of New York City's Chrysler Building.
  • His wife, Tali Farhadian Weinstein, is a lawyer with the Justice Department.
  • In the hedge fund industry, Weinstein is known as a 'monster,' an unusually aggressive trader.
  • He's currently in talks to buy a $24 million apartment on Fifth Avenue.

Read the whole story at NYTimes.com

1 comment:

Blogger said...

ROBLOX is powered by an ever growing player base of more than 300,000 creator players who produce an infinite variety of highly immersive experiences.

These experiences range from 3D multiplayer games and contests, to interactive adventures where friends can take on new identities imagining what it feels to be a dinosaur, a miner in a quarry or an astronaut out in space.