•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Steven Markovitz Benedicte Gravrand, Opalesque Geneva:

An asset manager muses about the follies of performance chasing.

Steven Markovitz was born and raised in New York and started his career writing software for Knight Rider, a software engineering and consulting company, before moving to Deutsche Bank and Bankers Trust, for which he wrote software and quantitative models for traders. He became passionate about trading and model development, and ended up spending several years at Millennium Management. In 2007, he left New York for Geneva, Switzerland, to co-found Lake Geneva Investment Partners (LGIP), a FINMA-registered asset manager. He launched his first fund in April 2008. The firm now manages $650m in two funds, an absolute return fixed income UCITS, an equity long/short hedge fund, and managed accounts, and employs 12 investment professionals.

One of the things he learned at Millennium, he told Matthias Knab during a recent Opalesque TV interview, is, "if you don’t have an advantage, get out of the markets. The markets will punish those who don’t have advantage."

"And the more dispassionate, the more rigorous you can be about your models, about your stop loss, and knowing truthfully what advantage you have and capitalizing......................

To view our full article Click here