MARK KINGDON
Kingdon Capital Management

Organization

Inception

1983

Assets
      Current
      Peak

$4.4 billion
$4.4 billion

Edge

Fundamental research; patience; sell discipline

Office Location

New York, New York

Number of People

50

Type of Organization

15 profit centers

His Role

Allocator, determining how much is invested, senior portfolio manager

Investment Committee

Yes

Reward System

Based on performance of each portfolio manager's positions plus bonus pool for entire firm based on that year's performance

Number of Investors

300

Type of Investor

Endowments are a growing part; high net worth and fund of funds are significant

GP/Principals'
Ownership of Assets

Substantially all financial net worth

Endowments
(Source: 1999 NACUBO)

University of the South
Colby College
State University of New York—Stony Brook
Yeshiva University
Bowdoin College

Methodology/
Portfolio Composition

Style

Global equity long/short; top-down, bottom-up