Scott Pittman
Mount Sinai Medical Center
In 2008 the board of Mount Sinai Medical Center Foundation decided it was ready to take its $1 billion portfolio to the next level and hire a full-time chief investment officer. They reached out to Scott Pittman. It could hardly have been a better fit. Pittman, 35, a onetime premed who has an MBA in finance from Baylor University, was helping manage the Waco, Texas, school’s endowment, alongside CIO Jonathan Hook. In the five years they worked together, the two completely modernized the $1 billion Baylor portfolio.
Then, not long after Hook left for Ohio State University in August 2008, Pittman followed him out the door to Mount Sinai in New York. Since joining in January 2009, he has applied the same investment approach he used at Baylor to the Mount Sinai portfolio. Today more than 70 percent of its assets are invested in hedge funds across various strategies. Pittman is as focused on risk management as he is on absolute return. One of his early moves was to size holdings so that no one manager has too much or too little impact. Pittman is beating his benchmark, the MSCI world index, and doing so with much less risk.
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2011 Hedge Fund Rising Stars. Name Firm Eric Alt Hall Capital Partners Jennifer Croswell SAC Capital Advisors Clayton DeGiacinto Axonic Capital Benjamin Durrant ICG Advisors Jennifer Fan Arrowhawk Capital Partners Joshua Fink Enso Capital Management Pierre-Henri Flamand Edoma Capital Partners Gareth Henry Fortress Investment Group Erez Kalir Sabretooth Capital Management Katie Kalvoda Newport Wealth Management Edward Keller Morgan Stanley Andrew Laurino Credit Suisse Svetlana Lee Varna Capital Gary Lehrman Lombard Odier Investment Managers Greth Lester Perella Weinberg Partners Greg Lippmann LibreMax Capital J. Jason Mitchell GLG Partners Gaurav Patankar Lockheed Martin Investment
Management Co. Craig Perry Sabretooth Capital Management Scott Pittman Mount Sinai Medical Center Gregory Racz Hutchin Hill Capital Angela Samfilippo Pine River Capital Management Jill Schurtz Robeco-Sage Capital Management Jonathan Shafter Boston Provident Steven Simmons Maxim Group Scott Sinclair Cascabel Management Faisal Syed Pamli Capital Management Morgan Sze Azentus Capital Management Oliver Wiener BTIG Patrick Wolff Grandmaster Capital Management