Jeffrey Marc Talpins is the founder and Chief Investment Officer of New York-based hedge fund, Element Capital Management. He is a “macro” trader who uses options to try to capture the upside of — and limit potential losses from — strategies aimed at anticipating global economic shifts.The Wall Street Journal referred to Talpins as “the hedge fund king you’ve never heard of” and “the hottest investor on Wall Street."[1]
Jeffrey Talpins | |
|---|---|
| Occupation(s) | Hedge Fund Founder and Chief Investment Officer |
| Known for | Founder of Element Capital Management |
| Spouse | Mara Marcus Talpins |
Talpins founded the fund in 2005 at Proxima Alfa Investments USA LLC as Element Capital Group and then spun out into an independent firm in 2009.[2][3] Element is one of the world’s largest hedge funds dedicated to macro investing with approximately $17.5 billion in assets under management and a 21% annualized return since inception, as of August 2018.[4] By December 2018, the firm was described as a "heavyweight," managing $18.2 billion."[1]
Biography
editEducation
editTalpins graduated from Yale University with a Bachelor of Science (Summa Cum Laude and Phi Beta Kappa) with Distinction in Economics and Applied Mathematics (focus in Finance).[5][2][failed verification]
Career
editTalpins worked in the Mortgage Backed Securities Department at Goldman Sachs, and later at Citigroup's Fixed Income Options as the Head Trader, credited with expanding this business. Talpins was recruited by Ravi Mehra and Robert Sleutz of Vega Asset Management under the Vega Plus Partners platform to set up his own fund where he launched Element Capital with Vega's seed capital and infrastructure. [2]
He launched Element Capital in 2005 with $250 million.[3]
Industry achievements
editElement Capital has been one of the best performing hedge funds of the past decade, having appeared on Barron’s Top 100 Hedge Funds list eight of the last ten years (2008-2017).[6]
From late 2017 through early 2018, the firm made over $3 billion in profits betting that the passage of tax reform would lift global asset prices. In August 2018, the fund raised an additional $3 billion mostly from existing investors and closed to new capital.[7]
Philanthropy
editTalpins is a member of the Board of Trustees of Harlem Children’s Zone (HCZ), which helps disadvantaged children and families living in Harlem.[8] He also sits on the board of the American Prairie Foundation, which is dedicated to creating the largest nature reserve in the continental United States.[9] In 2018 Talpins endowed a leadership post at Yale to help the university advance domestic policy research. “With our country facing so many critical long-term challenges, I believe the Tobin Center will put Yale’s research efforts right at the center of the public policy debate, leading to better outcomes for our society,” he said.[10] Talpin supports Jewish organizations including the Larchmont Temple, the Jewish Federation of Northern New Jersey, the United Jewish Appeal Federation of New York, and the Atalef Foundation, the official association of the Israeli Naval Commandos Unit.[11] In April 2021, the Jeffrey M. Talpins Foundation partnered with the Atlantic Council's Middle East Programs to launch the Abraham Dialogues, a project to improve relations between Israel and neighboring Arab countries.[12][13] Lifting Up Westchester, a non-profit organization that helps people regain independence, honored Lead Developer at Element Capital Matt Darnall and his wife Kathleen Kiernan at a virtual gala held in April 2021.[14]
Personal life
editTalpins is married to Mara Marcus.[15] They have two children, and live in New York, with a second home in Montana.[16]
References
edit- ^ a b "Jeffrey Talpins Is the Hedge-Fund King You've Never Heard Of." The Wall Street Journal. December 2, 2018.
- ^ a b c "Jeffrey Marc Talpins: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 2018-08-09.
- ^ a b "Vega Adds Fund Manager". 2005-04-06. Archived from the original on 2018-08-09.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Element Is Raising $3 Billion as Hedge Fund Returns 21%". Bloomberg.com. Retrieved 2018-08-09.
- ^ "Jeffrey Talpins". 7 August 2018.
- ^ "Barron's Top 100 Hedge Funds". Retrieved 2018-08-09.
- ^ "Element Hedge Fund Reaps $3 Billion Windfall on Trump Tax Trade". Bloomberg.com. Retrieved 2018-08-09.
- ^ "Board of Trustees | Harlem Children's Zone". Harlem Children's Zone. Retrieved 2018-08-09.
- ^ "Board-Directors". American Prairie Reserve. Retrieved 2018-08-09.
- ^ "Jeffrey Talpins '97 Endows Leadership Post at Tobin Center | Giving to Yale". giving.yale.edu. Retrieved 2018-12-06.
- ^ "Jeffrey and Mara Talpins". Inside Philanthropy. Retrieved July 1, 2019.
- ^ Council, The Atlantic. "Atlantic Council and Jeffrey M. Talpins Foundation Partner to Launch Abraham Dialogues". www.prnewswire.com (Press release). Retrieved 2021-05-13.
- ^ "US hedge fund tycoon pushes for Abraham Accords-style deals". The National. 2021-04-26. Retrieved 2021-05-13.
- ^ "Lifting Up Westchester Recognizes Matt Darnall and Kathleen Kiernan as Community of Hope Honorees and Element Capital for its Generous Support". www.businesswire.com. 2021-04-19. Retrieved 2021-05-26.
- ^ "Marcus GARY MARCUS, 75, of Farmington Hills, died April 18, 2016". Detroit Jewish News. April 28, 2016.
He is survived by his beloved wife, Rhonda Marcus; sons and daughters- in-law, Monty and Patricia Marcus of Rochester, Bryan and Mary Marcus, also of Rochester; daughters and sons-in-law, Mara and Jeffrey Talpins of New York, Stephanie and Barry Fein, also of New York, Allyson and Erik Naisuler of Massachusetts; 11 loving grandchildren.
- ^ "Mara Talpins". American Prairie Reserve. 2018-08-07. Retrieved 2021-05-13.