There’s hope for us all:
For 20 years, Don Brownstein taught philosophy at the University of Kansas. He specialized in metaphysics, which examines the character of reality itself. In a photo from his teaching days, he looks like a young Karl Marx, with a bushy black beard and unruly hair.
That photo is now a relic standing behind the curved bird’s-eye-maple desk in Brownstein’s corner office in Stamford,Connecticut. Brownstein abandoned academia in 1989 to try to make some money, Bloomberg Markets magazine reports in its February issue.
The career change paid off. Brownstein is the founder of Structured Portfolio Management LLC, a company managing $2 billion in five partnerships. His flagship fund, the abstrusely named Structured Servicing Holdings LP, returned 50 percent in the first 10 months of 2010, putting him at the top of Bloomberg Markets’ list of the 100 best-performing hedge funds managing $1 billion or more.
The $1.2 billion fund skyrocketed 135 percent in 2009.
Via Leiter Reports.