The 2014 Hedge Fund Rising Stars: Barry Kaplan
Kaplan joined the National Railroad Retirement Investment Trust in 2007 and is director of absolute-return investments.
With $25 billion in assets and an 8 percent allocation to
absolute-return investments, the Washington-based National
Railroad Retirement Investment Trust is one of the most
respected and low-profile defined benefit pension investors.
NRRIT owes its good reputation partly to director of
absolute-return investments Barry Kaplan, who joined in 2007,
after he and his family moved to the D.C. area from Chicago.
Kaplan had little previous direct hedge fund experience. Having
grown up in Memphis, Tennessee, he earned an accounting and
finance degree from the University of Maryland and an MBA from
the Kellogg School of Management at Northwestern University.
Hired out of college by AT&T, Kaplan, now 37, completed the
telecommunications giants financial leadership program.
He then worked for consulting firm Duff & Phelps Corp.,
where he focused on business and asset valuations, before
moving into asset management at Chicago-based Nuveen
Investments closed-end fund business. Before joining
NRRIT, however, Kaplan and some friends took a run at launching
a hedge fund, so he knows how challenging it can be.