Risk Management

Net Exposure

65 percent

Hedging Technique

Stocks, options, futures

Maximum Leverage

3.5:1

Memorable Loss

Non-U.S. dollar bonds–1994; Russian/fixed income situation—1998

Risk Management

All marketable securities, low leverage, hedge, 5 percent maximum allocation to global macro

Background Information

Initial Spark

Bar Mitzvah

Professional Background

Goldman, Sachs & Co.

Education

Hunter College, Columbia University MBA

Motivation/Satisfaction

Job well done; finding what others don't

Age

57

Free Time

Philanthropy