Mark E. Kingdon

Last updated
Mark E. Kingdon
Born
NationalityAmerican
Alma mater Columbia University (BA)
Harvard University (MBA)
Occupationhedge fund manager
Known forfounding Kingdon Capital Management
Children2, including Jessica Kingdon

Mark E. Kingdon is a hedge fund manager and president of Kingdon Capital Management, a US investment management company with ~$623 million in assets under management. [1]

Contents

Biography

Kingdon was born in Brooklyn and grew up on Long Island. [2] He graduated from Columbia College in 1971 and Harvard Business School in 1973. [3] Kingdon began his career with AT&T as a pension fund administrator from 1973 to 1975. [4] In 1975, he joined Century Capital Associates, where he remained for eight years. In 1983, he founded Kingdon Capital management with $2 million that grew into a $5.9 billion hedge fund as of 2007 and was listed among Financial Times' "100 hedge funds to watch." [5] [6] Between 1983 and 2000, his fund has maintained a compounded annual return of 22.99 percent. [7]

Kingdon is a Trustee Emeritus, a member of the board of Investment Management Company, co-chair of the Global Leadership Council and a member of the President’s Council on World Projects at Columbia University.

Kingdon also served on the Columbia College Board of Visitors as well as the Board of Trustees of Columbia University. [8] [9]

Philanthropy

Some of Kingdon's philanthropic endeavors include donating funds to groups that help to support impoverished children such as Harlem Children's Zone and groups that help promote Chinese culture such as the China Institute. [10] He endowed the C. Lowell Harriss Professorship of Economics at Columbia University in honor of his mentor, and the position is currently being held by economist and vice chairman of the Federal Reserve, Richard Clarida. [10] He also served as a trustee of Carnegie Hall. Kingdon currently sits on the boards of Harlem Children's Zone, the New York City Police Foundation and New York City Center and is a member of the Dean’s Advisory Board of Harvard Business School. [11] [12] [13] [14]

Awards

In 2003, Kingdon received the Institutional Investor/Alternative Investment News Lifetime Achievement Award. [15] In 2005, Kingdon received Columbia College's John Jay Award for distinguished professional achievement as well as the Alexander Hamilton Award, the highest honor that Columbia College bestows upon its alumni. [16]

Personal life and family

Kingdon is married to Anla Cheng, a senior partner of private equity firm Sino-Century who also founded the New York-based news platform, SupChina. [17] [18] Cheng was also a senior investment banker with Robert Fleming & Co. His daughter, Jessica Kingdon, is an Academy Award-nominated director and producer known for her 2021 documentary, Ascension. [19]

Related Research Articles

<span class="mw-page-title-main">Soros Fund Management</span> Private investment firm

Soros Fund Management, LLC is a privately held American investment management firm. It is currently structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. It is headquartered at 250 West 55th Street in New York. As of 2023, Soros Fund Management, LLC had $25 billion in AUM.

David Frederick Swensen was an American investor, endowment fund manager, and philanthropist. He was the chief investment officer at Yale University from 1985 until his death in May 2021.

Nelson Peltz is an American billionaire businessman and investor. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Partners, an alternative investment management fund based in New York. He is non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. He is a former director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand and a former CEO of Triangle Industries.

<span class="mw-page-title-main">Ray Dalio</span> American investor and hedge fund manager (born 1949)

Raymond Thomas Dalio is an American investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.

<span class="mw-page-title-main">Arthur Samberg</span> American businessman and philanthropist (1941–2020)

Arthur Jay Samberg was an American businessman and philanthropist. He founded Pequot Capital Management and served as the chief executive officer, president and chairman of the company. Samberg's flagship Pequot fund, started in 1986, netted 17.8 percent over the life of the fund. After the fund closed, he managed his family office through Hawkes Financial. He was also a significant contributor to several hospitals and universities, including New York-Presbyterian Hospital and his alma maters Columbia Business School and the Massachusetts Institute of Technology.

<span class="mw-page-title-main">Jim Breyer</span> American venture capitalist (born 1961)

James W. Breyer is an American venture capitalist, founder and chief executive officer of Breyer Capital, an investment and venture philanthropy firm, and a former managing partner at Accel Partners, a venture capital firm. Breyer has invested in over 40 companies that have gone public or completed a merger, with some of these investments, including Facebook, earning over 100 times cost and many others over 25 times cost. On the Forbes 2021 list of the 400 richest Americans, he was ranked #389, with a net worth of US$2.9 billion.

James Tomilson "Tom" Hill III is an American billionaire hedge fund manager, the former president and CEO of Blackstone Alternative Asset Management (BAAM), Blackstone Group's hedge funds business.

Lee S. Ainslie III is an American businessman who founded the hedge fund firm Maverick Capital. He is also a board member of the Robin Hood Foundation and owns a minority stake in the Washington Commanders of the National Football League (NFL).

Mark W. Yusko is an American investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management, an investment management firm that advises pension funds, endowments and wealthy individuals.

Ole Andreas Halvorsen is a Norwegian-American billionaire hedge fund manager. He is the CEO and a co-founder of the Connecticut-based hedge fund Viking Global Investors. Viking had $24 billion under management as of October, 2017. Halvorsen has consistently ranked among the top earning hedge fund managers, placing 11th in Forbes' 2012 rankings and 9th in 2015, according to Institutional Investor's Alpha.

David E. Goel is an American hedge fund manager. Goel is the managing general partner of Matrix Capital Management, which he co-founded with pioneering investor Paul Ferri in 1999. Goel is also a protégé of hedge fund manager Julian Robertson.

<span class="mw-page-title-main">Donald Sussman</span> American asset manager (born 1946)

Selwyn Donald Sussman is an American asset manager and philanthropist who is the founder and chief investment officer of the Paloma Funds. Sussman has served on the boards of a number of civic, cultural, educational, and research institutions and is a major contributor to Democratic candidates and causes.

Jane Buchan is the Chief Executive Officer of Martlet Asset Management, LLC.

<span class="mw-page-title-main">Glenview Capital Management</span> Hedge fund in New York, US

Glenview Capital Management is a hedge fund founded in 2000 with approximately $7.7 billion of capital under management as of March 2019. Glenview manages capital for investors through a series of private investment funds. The firm was founded by Larry Robbins, the firm's CEO and portfolio manager, and is based in New York.

Jeffrey Marc Talpins is the founder and Chief Investment Officer of New York-based hedge fund, Element Capital Management. He is a “macro” trader who uses options to try to capture the upside of — and limit potential losses from — strategies aimed at anticipating global economic shifts.The Wall Street Journal referred to Talpins as “the hedge fund king you’ve never heard of” and “the hottest investor on Wall Street."

<span class="mw-page-title-main">Charles J. Gradante</span>

Charles J. Gradante is an Italian-American businessman in the hedge fund industry, appearing on television and before the United States Congress in that role. Sovereign Wealth Fund Institute's PensionDaily.com called Gradante "one of Wall Street's most sought after opinion leaders" for financial and economic areas. Gradante is known as one of the first hedge fund industry executives to spark a legendary debate about the risk of hedge funds growing too large rather than focusing on finding investments where they have a competitive edge; he most recently discussed the issue at a conference hosted by The Palm Beach Hedge Fund Association that was covered by Yahoo Finance and CorpGov.

John Albert Overdeck is an American hedge fund manager. Overdeck is the co-founder and co-chairman of Two Sigma Investments, a New York City-based hedge fund that uses a variety of technological methods, including artificial intelligence, machine learning, and distributed computing, for its trading strategies. In 2016, Overdeck reported $375 million in earnings and as of May 2017, Two Sigma Investments has $41 billion in assets under management.

Joshua S. Friedman is an American businessman and co-founder of Los Angeles–based hedge fund Canyon Partners.

Gregg S. Hymowitz is an American billionaire who is the chairman, chief executive officer and founder of EnTrust Global, a diversified alternative investment firm. Hymowitz is an activist investor, known for his bold investment strategy. According to Forbes, he has an estimated personal net worth of $1.7 billion as of May 2024.

Engine No. 1 is an American activist and impact-focused investment firm. It attracted attention with its campaign to replace four members of ExxonMobil's board of directors despite owning only 0.02% of the company's shares. The firm describes its investment approach as "active ownership", as it prefers to work with management instead of launching activist campaigns.

References

  1. "Kingdon Capital Management Brochure". SEC. January 3, 2024.
  2. Kingdon, Mark E. (2021-01-15). "Opinion | New York, I Love You, but We Can't Go On Like This". Wall Street Journal. ISSN   0099-9660 . Retrieved 2021-09-11.
  3. "Mark E. Kingdon". Office of the Secretary of the University. Retrieved May 19, 2020.
  4. CNBC (2013-03-13). "Mark Kingdon - CNBC". www.cnbc.com. Retrieved 2020-05-19.
  5. "100 Hedge funds to watch" (PDF). Retrieved 2021-01-22.
  6. "Story Details - Alumni - Harvard Business School". www.alumni.hbs.edu. October 1998. Retrieved 2020-05-19.
  7. Peltz, Lois, 1956- (2001). The new investment superstars : 13 great investors and their strategies for superior returns. Wiley. p. 171. ISBN   0-471-43690-9. OCLC   49414846.{{cite book}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  8. "Columbia College Board of Visitors 2016–2017". Columbia College Report. 2017-12-05. Retrieved 2019-01-29.
  9. Sachare, Alex (January 2008). "Kingdon Receives Hamilton Award". Columbia College Today. Retrieved May 19, 2020.
  10. 1 2 "Here's How Mark Kingdon Gives Away His Money". Inside Philanthropy. Retrieved 1 May 2016.
  11. "Annual Report 2012-13" (PDF). Carnegie Hall. Retrieved May 19, 2020.
  12. "NYCC Board of Directors".
  13. "EXCLUSIVE: Funders Behind NYPD's Mysterious Private 'Counter-Terrorism' Foundation" . Retrieved 2020-05-19.
  14. "Mark Kingdon". Invest for Kids. Retrieved 2020-05-19.
  15. "Three New Members Round Out Trustees". Columbia Daily Spectator. Retrieved 2020-05-19.
  16. "Kingdon To Receive Hamilton Award". Columbia College Today. Retrieved May 19, 2020.
  17. "Profiles". www.globalchinesephilanthropy.org. Retrieved 2022-01-29.
  18. "MEMBERS | Committee 100" . Retrieved 2022-01-29.
  19. "Columbia College Today". www.college.columbia.edu. Retrieved 2022-02-15.

Further reading

Peltz, Lois (2001). The New Investment Superstars . Wiley. p.  163 Whole chapter. ISBN   0-471-40313-X.