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Ron Pollack: Fund Manager, Family Man, Friend. Ron Pollack: He's back, more extraordinary achievements to come. Ron Pollack: mastering hedge funds, ch
Ron Pollack: Fund Manager, Family Man, Friend
After a chance meeting with this man, you probably would have no idea that he had organized one of the biggest and most successful hedge funds in America. At its peak, the fund was valued at more than one billion dollars. Ron Pollack sat in his Florida office dressed in Florida casual--shorts and a T-shirt. He told us about his job as a hedge fund manager and short seller. He also shared details about his family, the charities he has been involved it, and the reason for coming out of a 6-year retirement to manage funds again. Ron says that "short selling is what I do and I need to get back to doing it. "
Ron Pollack graduated Magna Cum Laude from Yale and went on to get both an M. B. A. from Harvard Business School and a J. D. from Harvard Law School. After graduate s[link widoczny dla zalogowanych]l, Pollack went to Wall Street where he became an investment banker and later honed his skills as a hedge fund manager. Ron was trained as a short seller by industry pioneers, the Feshbach Brothers.
Many successful investors have attended Yale or Harvard. They include Jim Chanos (who exposed Enron, and who Ron met in the 1980s when they were short First Executive Life), Zoe Cruz (the commodity trader who ended up as a co-president of Morgan Stanley, she was at HBS with Ron), Jamie Dinan (CEO of JP Morgan Chase, Ron was in his pick-up basketball group at HBS), Strauss Zelnick (media prodigy and Chairman of ZelnickMedia as well as Take-Two Interactive,[link widoczny dla zalogowanych], as he was Ron's roommate at Harvard),[link widoczny dla zalogowanych], Scott Schoen and Scott Sperling (presidents of leveraged buyout firm THL, and friends Ron met at Harvard), Steve Pagliuca and John Bekenstein (from Bain Capital, Ron met Steve while at HBS and John at Yale), Glenn Hutchins (from Silverlake Partners, met in a class at Harvard). Pollack is no different. He graduated from both Yale and Harvard. He left Feshbach during the first half of the 1990s, and built a well respected group of hedge funds. By 2002,[link widoczny dla zalogowanych], Pollack's priorities had shifted. He wanted to focus more on his family and doing philanthropic work.
"After the terrorist attack on 9/11, " Pollack said, "I was moved by what had happened and I really wanted to help. " The financial markets went into turmoil, and stayed that way, in the months following the attack. Ron felt pulled between his family and his investment business. In November, Ron was on vacation with his three children and his pregnant wife, sitting in a hotel room with his laptop watching the markets. The markets were just crazy and he realized that he had to get back to the office.
During the return trip he hatched a plan to give him more time to spend with his family and help out charities of his choice. In 2002 Ron merged his hedge fun business into the Monitor Group in Massachusetts to give him more free time for pursuing outside interests such as volunteering and parenting his children. He was able to efficiently organize fundraisers for ill fire fighting personnel, police officers,[link widoczny dla zalogowanych], and those in public service in New York. He did this with the help of the Vail Valley Foundation, the New York Rescue Workers Detox Foundation, and other groups.
While volunteering his time and fund raising for his chosen charities, Pollack would sometimes find himself visiting his peers in fund management offices. This pulled on him emotionally as he had retired and become a volunteer. During this time, he traded but once.
{{{At a charity auction in Vail, Pollack had bid for a day of trading and instruction with a local stockbroker, "just for fun." Little did this broker know who had won the bid. Needless to say, he was shocked to find out the depth of knowledge that his visitor had. Within the first 15 minutes, Pollack had completed a successful short sale and knew that he "still had it."|At a charity auction in Vail, Colorado, Pollack, out of humor, was found bidding on a day of trading and instruction from a local stock broker. The broker had no idea who had won the bid. Soon after, he was shocked to find out the vast knowledge and experience his visitor had. Within a short while, Pollack had once again done a successful short sale and knew he was still "the man"|For a bit of personal entertainment, Pollack treated himself to a day of 'personal training' and trading with a local stockbroker, which he won at a charity auction in Vail. It was a major surprise for this stockbroker when he discovered who his trainee was going to be and even more of a surprise when he realized quite how much Ron knew about the markets. It took Pollack just 15 minutes to triumph and a successful short sale trade. He then knew that he had not lost his touch.|While at a charity auction, Pollack jokingly bid on a dayRon Pollack is a veteran hedge fund manager and short-seller. He was the founder and Investment Manager of Bulldog Capital Management, which merged into the Monitor Group, a large global consulting and investment management company..Topics related articles:
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