The Big Take
Hedge Fund Schonfeld’s Millennial Boss Drags It Back From the Brink
Ryan Tolkin’s wild rollercoaster ride of the past few years offers lessons to all the other strivers desperate to crack this market’s lavishly wealthy aristocracy.
Photo illustration: Christian Capestany; Photos: Getty (2), Bloomberg (2)
In an industry still ruled over by men of advanced middle age, and often much older, Ryan Tolkin’s relative youth has always stood out.
But when the 38-year-old boss of Schonfeld Strategic Advisors took to the stage at the New York hedge fund’s investor day in May, his words could have come from the mouth of any of his more seasoned rivals. “You’re never as good as your best day, and never as bad as your worst,” he told the audience.