How this investor lent $5 billion - and did not lose a single cent of capital

Livewire Markets

24 June 2024

How this investor lent $5 billion - and did not lose a single cent of capital

Livewire Markets

24 June 2024

How this investor lent $5 billion - and did not lose a single cent of capital

It's what AltX's Co-Founder and Co-CEO Nick Raphaely learned after school that made him the investor he is now.

While it is true that fundies tend to be very educated and very experienced people, not every fund manager in this business can say they went to two elite schools in their lifetime. But Nick Raphaely, co-CEO and co-founder at AltX, has studied at two of the world's most prestigious institutions - Cambridge University and the Wharton School of Business (the latter of which boasts Donald Trump and Elon Musk as alumni). 

But Raphaely is far from just a professional student. Following his university days and a stint at Merrill Lynch (now Bank of America), he became a serial entrepreneur and investor. AltX is the third company Raphaely has founded but it is the one that has had the most success and the longest track record of any of the firms he has set up.

In this edition of The Pitch, Raphaely shares some insights about what his time at Wharton and Cambridge taught him, the best and worst parts of being a founder in funds management, and one place where he is finding great opportunities today. 

Published by Livewire Markets on 24th June 2024.


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