Word: steinhardt
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...feeling in the first movement, the quartet quickly recovered--and by the second movement, Assez vif et bien rythme, played a sound that (like its French direction would suggest) was lively, rhythmic and lyrical. But perhaps more importantly, it was fresh. Despite the practice that first violinist Arnold Steinhardt characterizes as "hours and hours of brute labor," the quartet did on Friday what makes them renowned: they conveyed spontaneity. The result was a sound that through rehearsal did not become tenderized and beaten, but remained surprisingly raw and palatable...
...summit opened with demos of various programs that can block out unwanted Websites and E-mail or provide parents with a log of what their kid has been doing on the computer. "This has sometimes seemed more like a trade show than a summit," complained Barry Steinhardt of the A.C.L.U. But that was precisely the p.r. message that the summit's organizers--including America Online, AT&T and this magazine's parent, Time Warner--were trying to convey to the public and Congress. As a Santa's-helper questioner asked AOL chairman and CEO Steve Case during a panel discussion...
That kind of counterintuition has served Steinhardt well over the years. His funds produced an average annual return of 24%, netting him a personal fortune of $400 million and providing his investors, whose assets total $2.6 billion, with huge profits. Unlike mutual funds, which handle investments of varying sizes from an unlimited number of clients, hedge funds are private limited partnerships of no more than 99 investors, usually with a minimum stake of $1 million. As such, they are not subject to the same regulations imposed on mutual funds by the Securities and Exchange Commission. By selling short securities whose...
...have performed as consistently as Steinhardt, a jeweler's son from Brooklyn whose first shares of stock were a bar mitzvah present from his father. He broke into Wall Street as a research analyst but, by the age of 26, had started his own firm and kicked off his winning streak. One dollar invested with Steinhardt in 1967, the year he founded his firm, would be worth $462 today. That compares with a $17 value today for a dollar invested the same year in the stocks listed in the Standard & Poor's 500. Richard Cooper, an investor who entrusted...
Well, almost every investor. Last year Steinhardt hit a speed bump, as did most other big hedge funds like George Soros' Quantum Group and Julian Robertson's Tiger Management. Neither however, suffered as badly as Steinhardt's funds, which lost 29% of their value during 1994, owing largely to the plummeting price of European bonds, in which Steinhardt had invested heavily. Says he: "I made a vast amount of money in 1993 on the same bet. Nevertheless, the pain in 1994 was far greater than the pleasure...