Institutional Investor has announced its list of 10 Rising Stars in the hedge fund industry for 2025. These professionals stand out for their achievements and diverse backgrounds, representing both small startups and major firms. Five of these rising stars are highlighted below, each making a unique mark on the industry.
Clark Tang, Altimeter Capital Management
Clark Tang’s fascination with technology began early. As a child in New York City, he was drawn to computers and video games, sparking his interest in trading. He attended the Bronx High School of Science and later New York University’s Stern School of Business, where a year in Shanghai changed his view of global technology. Tang realized Chinese tech firms were often more advanced than their U.S. counterparts.
After college, Tang worked at Goldman Sachs in San Francisco, then at Valor Equity Partners. He joined Altimeter Capital in 2021. At just 30, he became the youngest partner at the firm, which manages $10 billion in assets. Tang made a bold early investment in Nvidia in 2022, betting on the growth of artificial intelligence. His decision paid off as Nvidia’s stock soared. Tang’s story shows how curiosity and a willingness to challenge conventional wisdom can lead to success in finance.
Kate Fisher Baumann, Empyrean Capital Partners
Kate Baumann, a Georgetown graduate, began her career at J.P. Morgan’s private bank during the 2007 financial crisis. She later joined Eton Park Capital, which closed in 2017. Now, she is a partner at Empyrean Capital, a $3 billion hedge fund, where she leads business development and investor relations.
Baumann has shifted Empyrean’s investor base to focus on institutions rather than funds of funds, making the fund more resilient. Born in South Africa and raised on four continents, Baumann’s global perspective helps her relate to a wide range of investors. She emphasizes the importance of staying calm during crises and values the lessons learned during tough times.
Hussein Sacoor, Tekne Capital Management
Hussein Sacoor, born in Portugal to Mozambican parents, is known for his global approach. He travels extensively to meet with tech companies in emerging markets. Sacoor believes the Global South will drive future growth, especially as U.S. tariffs shift value to other regions.
After starting a tech fund in Lisbon, Sacoor moved to New York to join Tekne Capital, which manages $1.2 billion. Tekne focuses on companies serving local markets, especially in China. Sacoor’s international background and willingness to take risks have shaped his career in hedge funds.
Malachi Price, Coatue Management
Malachi Price joined Coatue as a general partner in 2022, during a period of uncertainty in the tech sector. Previously, he worked at New Mountain Capital and Boston Consulting Group. At Coatue, Price focuses on structured equity and capital solutions, helping companies manage risk in volatile markets.
Price grew up in Manhattan and studied Russian and economics at Dartmouth. He values the fast-paced, responsive nature of hedge funds compared to private equity. Price’s work at Coatue involves designing investment strategies that protect against downside risk while maintaining growth potential.
Farid Guindo, Drill Capital Management
Farid Guindo’s early life was shaped by frequent moves across Africa due to civil wars and his father’s work with the U.N. He later moved to Canada and studied at McGill University. Guindo began his finance career at Lehman Brothers in energy investment banking, then worked at several hedge funds.
Guindo founded Drill Capital, focusing on energy sector infrastructure, especially projects that benefit his native Africa. His experiences with instability have prepared him for the unpredictable world of finance.
The remaining five Rising Stars will be profiled soon. The honorees will be celebrated at the Allocators’ Choice Awards on September 18 in New York City. This year’s group showcases the diverse talent and innovative thinking shaping the future of hedge funds.
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