Irving Kahn, one of the oldest money managers on Wall Street, passed away this week. The hedge fund manager and finance mogul was 109 years old and astonishingly worked until the year before his death. But while his success was truly long lived, he’s certainly not the only financial adviser to work well past the retirement age. In fact, it’s safe to say that when it comes to knowing investment strategies and how to manoeuvre the stock market, the older you are, the better.
Although the last two decades have shown an increasing trend towards younger finance professionals, which we’ve listed in a previous article, titled the 10 youngest hedge fund billionaires, some experience still only comes with age. Therefore, we’ve compiled a list of the oldest money managers currently active and will take a glimpse at when they started their careers and how they’re reached their prominent positions.
5. Leon Cooperman
With nearly half a century of experience, Leon Cooperman (71) is one of the oldest money managers around. After graduating with his MBA from Colombia Business School in 1967, he spent 22 years developing his skills at none other than Goldman Sachs. Although he earned the position as CEO of Goldman Sachs Asset Management, Cooperman left the investment firm in 1991 and founded his own fund management company: Omega Advisors, Inc. And his accumulated knowledge paid off, as Omega brought in $730 million in earnings in 2013. On another note, Cooperman is also a philanthropist, donating large amounts of money to help better education.