Age, Biography and Wiki
Marc Baum (Steven Eisman) was born on 8 July, 1962 in American, is an American businessman and investor. Discover Marc Baum's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 62 years old?
Popular As |
Steven Eisman |
Occupation |
Managing Director and Portfolio Manager at Neuberger Berman |
Age |
62 years old |
Zodiac Sign |
Cancer |
Born |
8 July 1962 |
Birthday |
8 July |
Birthplace |
N/A |
Nationality |
United States |
We recommend you to check the complete list of Famous People born on 8 July.
He is a member of famous with the age 62 years old group.
Marc Baum Height, Weight & Measurements
At 62 years old, Marc Baum height not available right now. We will update Marc Baum's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Marc Baum's Wife?
His wife is Valerie Feigen (m. 1989)
Family |
Parents |
Not Available |
Wife |
Valerie Feigen (m. 1989) |
Sibling |
Not Available |
Children |
Not Available |
Marc Baum Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Marc Baum worth at the age of 62 years old? Marc Baum’s income source is mostly from being a successful . He is from United States. We have estimated
Marc Baum's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
|
Marc Baum Social Network
Timeline
In September 2014, Eisman joined Neuberger Berman as a managing director and a portfolio manager for the Eisman Group within Neuberger Berman’s Private Asset Management division. The group, run by partners including Steve's parents, Elliott and Lillian Eisman, manages portfolios of stocks for wealthy clients.
In 2012, Eisman founded Emrys Partners with $23 million in seed capital. The fund performed poorly in 2012, returning 3.6% and underperforming the market. It did better in 2013, returning 10.8% but still underperforming the market. In July 2014, he announced that he was shutting down the fund, explaining his decision by stating that "making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy." The fund controlled an estimated $185 million in assets at the time of its dissolution. Emrys Partners stopped operating in mid-2014.
Eisman rose to fame betting against collateralized debt obligations at Greenwich, Connecticut-based FrontPoint Partners LLC, a unit of Morgan Stanley. By 2010, he managed more than $1 billion for FrontPoint, and gained prominence after being profiled by Michael Lewis in his book The Big Short: Inside the Doomsday Machine. In the movie adaptation of Lewis' book, The Big Short, Eisman's name was changed to Mark Baum, and was portrayed by actor Steve Carell. He left FrontPoint Partners in 2011 amid investor withdrawals following an investigation of illegal insider trading by portfolio manager Chip Skowron.
Eisman is a strong opponent against for-profit institutions of higher education. During a speech entitled "Subprime Goes to College" during the Ira Sohn Conference in May 2010 Eisman attacked companies that run private colleges such as Think ITT Educational Services, Corinthian Colleges, and Education Management Corporation. Eisman likened such companies to seedy mortgage brokers. From his presentation:
After the Department of Education took action against for-profit colleges in 2010, the industry retaliated by accusing Eisman of attempting to illegally influence the government and calling for an investigation by the Secretary of Education. The allegations stem from a meeting that Eisman had with Department of Education officials David Bergeron and Robert Shireman, two weeks before delivering his speech at the Ira Sohn Conference. Shireman was in charge of the department's efforts to toughen regulations on for-profit colleges.
He has been married to Valerie Feigen since 1989. Valerie was also portrayed in The Big Short under the name Cynthia, by Marisa Tomei. Feigen, who worked for J.P. Morgan, said of her husband, "Even on Wall Street people think he's rude and obnoxious and aggressive." While Eisman seems aware of his tendency to be rude he does not seem to be concerned by it. He once said to an interviewer on this topic, "I forget myself sometimes."
Eisman grew up in New York City, where he attended Yeshiva schools. He attended the University of Pennsylvania, graduating magna cum laude in 1984. He then graduated from Harvard Law School with honors. His parents also worked in finance. They were brokers for Oppenheimer. Eisman was unhappy with his work in law. His parents arranged a position for him at Oppenheimer working as an equity analyst. Oppenheimer's anti-nepotism rules required his parents to pay the first year of his salary.
Steven Eisman (/ˈ aɪ s m ə n / ; born July 8, 1962) is an American businessman and investor known for having shorted collateralized debt obligations (CDOs), thereby profiting from the collapse of the US housing bubble in 2007–2008.