Iron Man

Alec Litowitz has grown Magnetar to more than $9 billion.

Alec Litowitz: “I like things that require physical and mental tests” (Photographs by Bob Stefko)

IN THE SPRING OF 2003, ALEC LITOWITZ had just left a lucrative, high-ranking position at one of the world’s best-known hedge fund firms, and he was stuck in a kind of professional limbo.

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