Michael Steinhardt
Definition of 'Michael Steinhardt'Michael Steinhardt was among the first of the hedge fund managers. He founded his own hedge fund in 1967, Steinhardt, Fine, Berkowitz & Co., which provided net returns of nearly 25% per year after fees, tripling the performance of the S&P 500 over the same time interval. Michael is also an avid collector of art, as well as a philanthropist and political activist. He currently acts as chairman for WisdomTree Investments. |
|
Investopedia explains 'Michael Steinhardt'Michael was born in 1940 in Brooklyn, New York. He worked as a financial analyst, where he learned about conglomerate business practices. His hedge fund was forced to repay $70 million dollars as a penalty for the alleged manipulation of treasury security positions in the early 1990s, on which the firm made approximately $600 million. |
Related Definitions
Articles Of Interest
-
A History Of U.S. Monopolies
These monoliths helped develop the economy and infrastructure at the expense of competition. -
The 5 Most Feared Figures In Finance
Gates, Soros, Icahn, Rockefeller and Morgan caused chills on Wall Street. -
The Unsung Pioneers Of Finance
We all know names like Rockefeller, but there are other influential pioneers of finance in America's history. -
The Christmas Saints Of Wall Street
Learn how some of world's richest people spread holiday cheer year-round. -
The Greatest Investors
Read about the achievements of those who have mastered the art of investing. -
Quants: The Rocket Scientists Of Wall Street
Blend math, finance and computer skills to command a high - and well deserved - salary. -
Financial Career Options For Professionals
Find out if spreading your wings to try a new career will make you soar or fall flat. -
7 Unconventional Ways Businesses Can Borrow Money
Find out how your business can get the money it needs - even when the bank says "no". -
A Look At CFA Job Opportunities
Being a CFA charterholder can take your career in many different directions. Find out what your option are. -
Invest Like A Pro
By following the strategies of the pros, even a beginner can learn to invest like an expert.
Free Annual Reports