Number of Positions in Portfolio

Over 200

Trades Taken

Potential gross return of 30 percent

Role of United States

50 to 65 percent

Role of Technology

10 to 45 percent

Role of Private Equity

Less than 5 percent; provides window on diversifying returns and enhances returns

Role of Macro

Less than 5 percent

Allocates to Other Managers

Yes, under 3 percent of assets to 12 hedge fund managers

Risk Management

Net Exposure

58 percent

Hedging Technique

Cash, futures, options, shorting stock

Maximum Leverage

None used for past 13 years

Memorable Loss

General Motors/Hughes Electronics experience

Risk Management

Cut losses, don't try to turn a losing trade into an investment, sell if stop or target hit or fundamentals deteriorate; review positions if technicals break down

Background Information

Initial Spark

Bar Mitzvah

Professional Background

Pension plan; another hedge fund

Education

Columbia College, Harvard Business School

Motivation/Satisfaction

Intellectual/emotional challenge/see people grow

Age

51

Free Time

Family, golf, tae kwon do, yoga