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March of the millennials: young mega fund managers

We uncover the hotshots overseeing huge funds at an early age in this Citywire special report.

March of the millennials: young mega fund managers

Citywire has undertaken exclusive and extensive research to uncover the youngest fund managers running the most money, in a special report.

Focusing on those falling into the millennials bracket – born between 1982 and 1995 – this bespoke research highlights the fact that just 28 managers under the age of 35 are currently entrusted with portfolios of $1 billion (£744 million) or more, according to Citywire data.

But how commonplace are these rising stars and do chief investment officers and multi-managers recoil or rejoice when faced with a baby-faced fund manager? We spoke to a number of leading investment professionals to find out.

We also take a look at the average tenure of these fledgling fund giants, how much in assets they are commonly overseeing and how this compares to the figures for managers within Citywire’s extensive database.

In this report we also hear from the millennial mega fund managers themselves, with insights from a robotics expert who is turning heads despite being under 30, and zero in on a former Nasa scientist now charged with running a multi-billion dollar quantitative investment unit.

To read the report in full please click here.

2 comments so far. Why not have your say?


Dec 19, 2017 at 17:54

Shock! Horror!

"The ages of fund managers have actually increased since the credit crisis

began more than a decade ago."

I must also confess that I am actually 10 years older than I was in 2007.

The fact that managers are older should be good news for the millenials as it means they will not all be replaced within the next 10 years!

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Dec 30, 2017 at 22:55

Unfortunately this article ended up not saying very much. IMHO the most interesting point it made is that this isn't about age, but about experience. I am willing to believe that a talented young person could be a star at 24. Age need not be an issue. But I can't believe in the money-management skills of someone who has not lived through at least one horrible market downturn: e.g. 2008 or 2000-2003.

People who have only experienced extraordinarily benign markets, fuelled by extremely unusual monetary policy, are less likely to have the necessary know-how when things change. As they will.

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