The Soros Coaching Tree

The Soros Coaching Tree

The Soros story doesn't end with the pound. Like other famed hedge funds, Soros Fund Management was a talent factory. People got a taste of how the best macro minds in the world think, and then left to build their own investment firms. Some got rich. Some got humbled. A few did both.

Today we meet four of them:

  • Victor Niederhoffer, who was Soros's fixed-income and forex guy that came before Druckenmiller.
  • Michael Karsch, who learned at Druckenmiller's elbow and built a $3.4 billion hedge fund.
  • Zach Schreiber, Druckenmiller's biggest money maker at Duquesne and launched a $5 billion hedge fund.
  • Dawn Fitzpatrick, the outsider who now runs Soros Fund Management.

Be sure to read the first two parts of the series: Quantum Fund / Soros Fund Management and Duquesne Capital and the $1 billion trade

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Victor Niederhoffer

Victor Niederhoffer was born in Brooklyn, NY, on December 10, 1943. He was a star student, a musician, and an athlete. He went to Harvard, played varsity squash, and got so good that he won the national title in 1966.

Then he got his Ph.D. in finance from the University of Chicago. The city's athletic clubs let him practice on their courts. But they wouldn't accept him as a member. He believed it was because he was Jewish.

So when the U.S. Squad National Championships came to Chicago in 1967, he boycotted the squash singles event until 1972.

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