Citywire has undertaken exclusive and extensive research to uncover the youngest fund managers running the most money in the fund management universe, in a special report entitled ‘Millennial mega fund managers’.
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 quant unit.
To read the report in full please click here.