"My client Jack was the founder of a mid-range hedge fund. He had majored in math at college, found his calling as a "quant," and thought he was just having fun. But when people consult me, it's because the fun has stopped. I'd read about Jack's troubles in The Wall Street Journal, but I asked him, "Tell me in your own words." Now in his mid-30s, Jack started with a virtual day-by-day account of his career."
"As he filled me in, Jack said the firm made consistent gains over seven or eight years. But in early 2020, the pandemic upended everything. Some investors pulled their capital. A few portfolio managers quit. A week later, Jack was in my office. "Well," he said, "You can't fix my investment strategy, but, short of that, can you help me restore confidence among my investors and employees?""
Jack founded a mid-range hedge fund called Comet Investments after majoring in math and becoming a quant. The fund produced consistent gains for seven to eight years. The pandemic in early 2020 caused investors to withdraw capital and several portfolio managers to quit, precipitating a leadership crisis. The firm needed restored confidence among investors and employees. Leadership diagnosis focused on poor nontechnical skills and discomfort outside numbers. The remedy emphasized making communication the leader's full-time responsibility, reinventing firm culture so staff project confidence, and ensuring investors and employees feel supported and reassured.
Read at Psychology Today
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