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2016年对冲傅nd Rising Stars: Michael Wang

A knack for short selling has helped Wang to steer Cypress Funds through tough markets.

    Michael Wang
    赛普拉斯基金

    For the first six months after Michael Wang joined hedge fund firm SAC Capital Advisors in 2007, his boss wouldn’t let him pick a long stock. All of Wang’s trading ideas had to be shorts. This discipline gave Wang, who came to Stamford, Connecticut–based SAC after two years doing mergers and acquisitions at Citigroup in New York, a great ability to sell short.

    Taiwan-born Wang, 33, was three when he and his family moved to Southern California. In Taiwan his father had been an engineering professor and his mother had taught English, but in the U.S. they made their living by trading stocks and invested in real estate. That early exposure to the market kick-started Wang’s own interest: He became president of his high school investing club before heading east to attend New York University’s Stern School of Business, where he majored in finance with a minor in psychology.

    Wang stayed at SAC until 2012, whenJason Karp, a former portfolio manager with the firm, recruited him to join Karp’s new outfit, New York–based long-short equity hedge fund Tourbillon Capital Partners. As day-one employee and a principal, Wang was contributing to Tourbillon’s success when an even more intriguing opportunity came his way: The Cypress Funds asked him to be portfolio manager and co–managing partner in the management company.

    Los Angeles–based Cypress Funds might not be a household name, but its founder, and Wang’s co–managing partner, certainly is. The grandson of Superior Oil Co. founder William Myron Keck, Robert Day launched the firm in 1969; two years later he founded Trust Co. of the West. Day, 72, soldTCWto French bank Société Générale in 2001. Although he remained TCW chairman, a role he gave up only in 2013, he was bound by a noncompete agreement, so Cypress Funds was unable to raise outside capital. He stepped down from TCW after deciding to relaunch his hedge fund, which he did in 2014. Wang took over as portfolio manager in May 2015. Despite challenging markets, the fund, which currently manages about $400 million, is off to a positive start, helped by Wang’s short-selling prowess.

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    Hedge Fund Rising Stars of 2016

    Jessye Ball
    Millennium Mgmt
    Sarah Berner
    Aristeia Capital
    Jenna Bussman-Wise
    AIG Investments
    莫林常
    Point72 Asset Mgmt
    Dennis Chenfu
    Pershing
    Charles Dufresne Jr.
    Sciens Capital Mgmt
    William Freda
    Graticule Asset Mgmt Asia
    Samantha Greenberg
    Margate Capital
    Mark Gurevich
    Ropes & Gray
    Tal Gurion
    Mariner Glen Oaks
    Craig Huie
    University of California
    Yusef Kassim
    Blue Harbour Group
    Florian Kronawitter
    White Square Capital
    Vikram Kumar
    TT International
    Brandon Levin
    Jana Partners
    Jonathan Levin
    George Weiss Associates
    Brett Minarik
    Aksia
    Ian Monroe
    Etho Capital
    Jason Morrow
    Utah Retirement Systems
    Pierre-Adrien Nicolas
    Squarepoint Capital
    Jamie Pabst
    Green Owl Capital Mgmt
    Parag Pande
    Blackstone Group
    Agata Praczuk
    MetLife
    Max Saffian
    Fortress Investment Group
    Matt Satnick
    MSD Partners
    Eric Singer
    Viex Capital Advisors
    Katina Stefanova
    Marto Capital
    Reginald Tucker
    New York State Common Retirement Fund
    Michael Wang
    赛普拉斯基金
    Sean Wygovsky
    Polar Asset Mgmt Partners

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