Published on 23 Jun 2022 on Insider Monkey via Yahoo Finance
Top 10 Stock Picks of Alec Litowitz and Ross Laser’s Magnetar Capital
In this article, we discuss the top 10 stock picks of Alec Litowitz and Ross Laser's Magnetar Capital. If you want to skip our detailed analysis of Litowitz's and Laser’s history, investment philosophy, and hedge fund performance, go directly to the Top 5 Stock Picks of Alec Litowitz and Ross Laser's Magnetar Capital.
Magnetar Capital, a multi-strategy alternative investment manager, was founded in 2005, and as of May 1, 2022, it roughly had $13.8 billion in assets under management. Its headquarters are in Evanston, Illinois, with offices in New York, London, and Beijing. A "magnetar" is a neutron star with a powerful magnetic field that produces energy bursts.
Before joining the hedge fund in 2005, Alec Litowitz spent nine years as a principal at Citadel Investment Group, where he served as Global Head of Equities. Meanwhile, Ross Laser formerly worked at Glenwood Capital Partners. However, Magnetar Capital announced on June 7 that David Snyderman had been named managing partner by its founder and CEO, Litowitz. While co-founder Laser will continue to operate the firm as President, Litowitz will transition to Senior Advisor position.