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Transcript: David Snyderman, Magnetar Capital

The Big Picture

It was 16 hour days and it was six or seven days a week, but you really got to learn the financial markets there. So Magnetar launches in 2005 with some capital, and you joined you, you weren’t one of the original founders, but you joined not long afterwards. 00:08:45 [Speaker Changed] Huh, interesting.

Banking 141
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Transcript: Matt Levine

The Big Picture

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. It was derivatives math, it was like working with the traders on like risk management. And I love that. I thought that was really fun. So I was very interested in that stuff.

Retail 130
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Transcript: Antti Ilmanen

The Big Picture

So, the Portfolio Solutions Group advises mainly institutional clients on all kinds of challenges that they have and thinking about the expected returns, portfolio construction, risk management, et cetera. Those types of excess savings were sort of the culprit for the conundrum in 2005 or whatever it was. RITHOLTZ: Right.

Investing 130