Bill Lipschutz

While at Cornell University, Lipschutz inherited $12,000 worth of stock after his grandmother’s death. In his inheritance, there were over 100 different stocks in numerous locations. It cost Lipschutz a substantial sum in fees in order to liquidate and consolidate the risk capital into one location.

Lipschutz was the principal trader for Salomon Brothers’ proprietary foreign exchange account from 1984 until he left in June 1990. In 1988, he was appointed a Director of Salomon Brothers, heading the Global Foreign Exchange Options Group and the New York Foreign Exchange Trading Desk. In 1989 he was named the Managing Director and Global Head of Foreign Exchange.

Lipschutz was inducted into the Trader Monthly Hall of Fame in October 2006.

In 1995 Lipschutz formed Hathersage Capital Management with classmates from Cornell. Hathersage Capital Management is a Global Macro manager that specializes in G10 currencies. Lipschutz has been the Principal and Director of Portfolio Management at Hathersage since the firm's founding.

Lipschutz left Salomon Brothers, briefly opting for early retirement. In 1990 Lipschutz went to work as the President and CEO for the North Tower Group, a subsidiary of the Merrill Lynch Corporation. Then in 1991 he founded Rowayton Capital Management, an asset and management firm where he was the President and CEO until 1995.

The foreign exchange markets took off about the same time Salomon Brothers were starting in the market. He was considered to be amongst the top five of all forex traders worldwide. By 1985, Lipschutz was making $300 million per year for Salomon Brothers.

Lipschutz attended Cornell University and earned a Bachelor's degree in Fine Arts from their Architectural Design program after five years. He simultaneously enrolled in business classes and earned an MBA in finance in 1982 from the Johnson School of Management, also at Cornell University.

During the time spent at Cornell, he met his wife, Lynnelle Jones, who was working for economist Henry Kaufman as a research assistant. Lipschutz interned for Kaufman and Salomon Brothers before graduating in 1982. He joined Salomon Brothers as a full-time employee in May 1982.

Bill Lipschutz is a foreign exchange market (forex) trader and the co-founder and Director of Portfolio Management at Hathersage Capital Management. He was also the former Global Head of Foreign Exchange at Salomon Brothers, where he worked from 1981 to 1990.