Methdology: additions and shutdowns are based on whether a fund appears as a Form ADV Part 2 filer (>$100M of regulatory AUM), compared to March 2025's data. 2026.3.8 New York City -6 shutdowns (all hedge funds): 2 activist, 1 growth, 1 value, 1 healthcare, 1
Estimated reading tie: ~10 minutes Continuing from last week's article, let's talk more tips on how you can become more effective as a junior sell-sider. Topics: * You don't get better as an investor on the sell-side, unless you want to * You need to own
Ron Baron Ronald Baron (b. 1943, Asbury Park, NJ) is an American billionaire mutual fund manager and the founder of Baron Capital, a growth-oriented investment firm that manages the Baron Funds. He earned a chemistry degree from Bucknell University before attending George Washington University Law School at night on scholarship.
If you’re a junior in sell-side equity research today, you’re entering at a strange time. The pay isn't what they used to be. Budgets are tighter, headcount is leaner, and senior analysts are being asked to do more with less. That tension shows up everywhere. And
Most hedge fund stories start with the wins. This one starts with a drawdown. Before Ricky Sandler built Eminence Capital into one of the most respected long/short hedge funds in the market, he went through a near career-ending lesson in 1998. His first investment firm returned 36% CAGR in
Est reading time: ~15 min Moving from a value investing seat to a growth investing seat is not straightforward. Let me explain why, and what you can do to improve your odds. By value, I am referring to two kinds: 1) deep value, the likes of Pzena, Donald Smith &
In 1976, a small group of investors working inside the family office of Chicago entrepreneur Irving Harris set out to build something different. They founded Harris Associates L.P. to learn how to think about businesses the slow, owner-oriented way—patient, independent, and grounded in fundamentals. In 1991, the firm
Continuing last week's discussion, I will share 5 more creator-founder lessons. Persistence Isn’t Enough Just because you don’t give up doesn’t mean you’ll succeed. This is where too much motivational content can actually hurt you. A successful entrepreneur tells you to start companies. A
Reading time: ~15 mins I often get questions about lessons I’ve learned as a public equity investor-turned creator-turned founder. This series shares those lessons. Whether you’re a corporate employee, an investor, or a founder (especially a creator-turned-founder), I hope you find value in ideas that have reshaped how
Jeff Ubben didn’t leave Fidelity because he was bad at the job. He left because he was too good at it—and the money wouldn’t stop coming in. He kept trying to shrink the number of names in his portfolio, but the fund kept getting bigger and positions
Fund Intelligence
Launches, Shutdowns, and Pivots
Career
2025 was the year everything finally clicked. Audience grew in ways I didn’t expect, I learned more about building on the internet than any other year of my life, and three products have product-market fit. I am grateful for your support. Here’s what worked, what didn’t, and