Key Takeaways
- • Business Insider's Rising Stars of Wall Street list names Ben Atlas, a 30-year-old ex-Barclays rates trader, as CIO of his own $1bn pod at ExodusPoint in New York.
- • Atlas reportedly generated more than $50m in profits for Mike Platt's BlueCrest during his final year there, aged 29, with an estimated $15m retained as pay per BlueCrest's structure.
- • The list includes at least five young portfolio managers and eight young bankers financing the AI infrastructure boom, including figures at Bridgewater, Goldman Sachs, Balyasny, KKR and Bank of America.
- • Business Insider provides limited biographical detail on Atlas, and the article notes his reputation among young London traders without confirmation of personal claims.
Summary
Business Insider has published a Rising Stars of Wall Street list, according to eFinancialCareers, which highlights the youngest and most prominent up-and-coming portfolio managers and bankers. The most notable portfolio manager on the list is Ben Atlas, 30, a former Barclays rates trader in London who now serves as CIO of his own $1bn pod at ExodusPoint in New York. Atlas grew up in California, studied philosophy at Cambridge University, stayed in London after graduating in 2017, and moved to New York in 2020 to join DRW before joining BlueCrest. Business Insider says he generated more than $50m in profits for Mike Platt during his final year at BlueCrest, when he was 29, and that BlueCrest's pay structure implies he may have retained around $15m of that amount.
Other names on the list include Theo Saarinen, 27, chief AI researcher at Bridgewater; Mike Washington, 32, a Goldman Sachs managing director in high-touch sales trading; and Sahil Singhal, 31, who now works at Balyasny Asset Management after reportedly being one of the youngest PMs at Citadel. On the banking side, Kate Casey, 32, is a director in KKR's infrastructure group, and Cody Kiechle, 33, is financing data centres at Bank of America. The list reflects the continued prominence of AI infrastructure financing within the industry.
The article's broader market commentary includes Elliott Investment Management's warning that a disruption to one or two of the factors driving the current boom could trigger a self-reinforcing unwind, as well as Bloomberg's observation that multistrategy funds are levered eight to 14 times on average with overlapping positions. Millennium is also reported to be redeeming $1.5bn from external funds Troluce Capital Advisors and Axebrook Capital after losses.
Other names on the list include Theo Saarinen, 27, chief AI researcher at Bridgewater; Mike Washington, 32, a Goldman Sachs managing director in high-touch sales trading; and Sahil Singhal, 31, who now works at Balyasny Asset Management after reportedly being one of the youngest PMs at Citadel. On the banking side, Kate Casey, 32, is a director in KKR's infrastructure group, and Cody Kiechle, 33, is financing data centres at Bank of America. The list reflects the continued prominence of AI infrastructure financing within the industry.
The article's broader market commentary includes Elliott Investment Management's warning that a disruption to one or two of the factors driving the current boom could trigger a self-reinforcing unwind, as well as Bloomberg's observation that multistrategy funds are levered eight to 14 times on average with overlapping positions. Millennium is also reported to be redeeming $1.5bn from external funds Troluce Capital Advisors and Axebrook Capital after losses.
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