This content is from: Home

The 2014 Hedge Fund Rising Stars: Sanjay Patel

Patel is director of absolute return at Indiana Public Retirement System and responsible for executing its direct hedge fund investments strategy.

Sanjay Patel

Like many public pension funds, the $29.4 billion Indiana Public Retirement System has decided to increase its direct hedge fund investments so it can build a less expensive and more dynamic portfolio with better risk-adjusted returns. Helping the Indianapolis-based pension plan execute and oversee that strategy is director of absolute return Sanjay Patel. The 31-year-old majored in finance at Indiana University Bloomington and spent a summer in investment banking and two years in real estate private equity at Lehman Brothers Holdings in New York before taking a job in acquisitions with a Chicago real estate investment manager. But the mortgage market collapse of 2008 was tough on real estate funds, and the Indiana native and his wife wanted to move closer to their families. Patel, who gained a greater appreciation of public markets and the benefits of hedge funds to an investment portfolio as a result of the crisis, jumped at the chance to work for the Indiana pension system. Since Patel joined in 2012, INPRS has hired ten-plus new managers and terminated a few preexisting relationships.

 

Daniel
Ben-David

Charles (Chuck)
Caffray

Eli
Combs

Nancy
Davis

Scott
Ferguson

Maya
Fishman

Matthew
Fitzmaurice

Brad
Gilbert

Deepak
Gulati

Andrew
Immerman

Barry
Kaplan

Danny
Kayne

Anthony
Lawler

James (Jimmy)
Levin

Jonathan
Loflin

Brendan
MacMillan

Ryan
McNally

Jessica
Taylor
O’Mary

Jamie
Parrot

Sanjay
Patel

Jessica
Reed
Saouaf

Nitin
Saigal

Christopher
Schelling

Jeremy
Schiffman

Amy
Schneidkraut

Gray
Smith

Sam
Smith

Ezra
Solomon

Maria
Vassalou

Jack
Yuen