Robert S. Kapito, a renowned American hedge fund manager, has amassed a net worth of $45 million through his successful career in the financial industry.
Born on December 11, 1959, in South Orange, New Jersey, Kapito graduated from the University of Pennsylvania's Wharton School in 1982 with a degree in economics. He went on to earn an MBA from the University of Chicago Booth School of Business in 1984.
Kapito began his career as an investment banker at Goldman Sachs before joining Tiger Management in 1992. In 1998, he co-founded Allstate Investments, which later became Allstate Capital Management.
In 2004, Kapito founded Cambridge Associates, a leading investment advisor to institutional investors. Under his leadership, Cambridge Associates grew into a global powerhouse with over $300 billion in assets under management.
In 2010, Kapito left Cambridge Associates to establish Kapito Investments, a hedge fund focused on global macro strategies. The fund has consistently outperformed the market, generating returns of over 10% per year.
Kapito is also known for his extensive philanthropy. He has supported numerous educational and cultural institutions, including the Wharton School, the Art Institute of Chicago, and the Lincoln Center for the Performing Arts.
In 2019, Kapito received the Horatio Alger Award, which recognizes individuals who have overcome adversity to achieve success.
Kapito's investment philosophy is based on a thorough understanding of macroeconomic trends and geopolitical events. He believes in taking a long-term, value-oriented approach to investing, focusing on companies with strong fundamentals.
Some of Kapito's most successful investments include:
Kapito is married to Mary Pat and has two children. He resides in New York City and enjoys playing golf, tennis, and collecting art.
Year | Event |
---|---|
1984 | Graduated from University of Chicago Booth School of Business |
1984 | Joined Goldman Sachs |
1992 | Joined Tiger Management |
1998 | Co-founded Allstate Investments |
2004 | Founded Cambridge Associates |
2010 | Founded Kapito Investments |
2019 | Received Horatio Alger Award |
Investment | Return |
---|---|
Apple Inc. | >10% per year |
Alphabet Inc. | >10% per year |
Amazon.com Inc. | >10% per year |
Berkshire Hathaway Inc. | >10% per year |
JPMorgan Chase & Co. | >10% per year |
Institution | Contribution |
---|---|
Wharton School | $10 million |
Art Institute of Chicago | $5 million |
Lincoln Center for the Performing Arts | $5 million |
Award | Year |
---|---|
Horatio Alger Award | 2019 |
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