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      For more than 55 years, Institutional Investor has delivered the news and analysis that investment professionals need to succeed and stay relevant. Our coverage of the global asset management industry helps you to stay ahead of the curve on the trends and stories that impact your world.

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      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal
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      Infrastructure Debt Positioned Well for the Year Ahead

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      Third Point Boosts Market Bets in May

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      Seattle Children’s CIO Puts Conviction Over Diversification

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      ‘Revenge Tax’ to be Removed from Bill After Bessent Strikes G7 Deal

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      Gary Gensler: Institutions Should Be Sweating Over the New U.S. Economic Trajectory

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      NC State Treasurer Wins His Fight for Reforms to Resuscitate State Pension

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      Kasia Karapuda, Director of Investments, Oberlin College Investment Office

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      Kristin Agatone, Chief Investment Officer, Lehigh University
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      Profit Pressure: Why COOs and CFOs are Bracing for a Tough 2025

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      Investors Reach for What They Recognize

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      CFOs and COOs Show Less Favor in Emerging Markets
      Out with the Old, in with the New

      Out with the Old, in with the New
      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums

      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
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      Allocators and Asset Managers Tell Us What Concerns Them Most
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      Investors Reach for What They Recognize

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      Kasia Karapuda, Director of Investments, Oberlin College Investment Office
      Kristin Agatone, Chief Investment Officer, Lehigh University

      Kristin Agatone, Chief Investment Officer, Lehigh University
      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury

      Michael W. Frerichs, Illinois State Treasurer, Illinois State Treasury
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      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums

      Expert Perspectives: C-Suite Insights from II’s Exclusive Forums
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      Bear Market Warning Signals Begin to Emerge
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      Podcast: Uncovering Opportunities in Direct Real Estate

      Podcast: Uncovering Opportunities in Direct Real Estate
      Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity

      Global Real Estate Rebound: Signs of Sustainable Recovery and Opportunity
      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios

      Fireside Chat- The New Credit Playbook: Convergence, Liquidity, and Innovation in Institutional Portfolios
      Higher Taxes Could Reshape How Endowments and Foundations Think about Almost Everything

      Higher Taxes Could Reshape How Endowments and Foundations Think about Almost Everything
      Infrastructure Debt Positioned Well for the Year Ahead

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      Future Return Expectations Are Not a Straight Line, Especially in U.S. Equities

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      Hurricane Season: Insurance-linked Securities and Navigating Non-financial Risks

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      U.S. Dollar at a Crossroads: Bearish Signals Persist, but Rebound Risks Rise

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      Rising Federal Debt and Fewer Institutional Buyers Means an Increased Need for Private Credit

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      Trump 2.0 and the Markets

      Trump 2.0 and the Markets
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      JUL 15

      Retirement Leaders Roundtable 2025

      MassMutual Fan Pier Campus | Boston

      JUL 23

      2025 Chief Marketer Institute Content Summit
      SEP 9-10

      2025 European Fixed Income Trading Summit

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 9-12

      2025 International TraderForum

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 9-10

      RIA West Investment Forum 2025

      Balboa Bay Resort | Newport Beach

      SEP 9-10

      17th Annual DC Institute Half Moon Bay Symposium

      The Ritz-Carlton | Half Moon Bay

      SEP 9

      2025 MENA International TraderForum

      Torre Melina, a Gran Meliá Hotel | Barcelona

      SEP 10

      第20回年次日本投資フォーラム 20th Annual Japan Investment Forum

      The Shangri-La Hotel Tokyo | Tokyo

      SEP 17

      2025 한국 글로벌 투자 포럼 2025 Korea Global Investment Forum

      Four Seasons Hotel Seoul | Seoul

      SEP 17-19

      UK Forums 2025 European Investment Roundtable

      Copenhagen Marriott Hotel | Copenhagen

      OCT 8

      2025 MEII Abu Dhabi Institutional Investor Summit
      OCT 14

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      Conrad Hong Kong

      NOV 6

      2025 北京环球投资论坛 2025 Beijing Global Investment Forum

      The Ritz Carlton Beijing, Financial Street | Beijing

      FEB 2-4

      Endowments & Foundations Roundtable West 2026

      Fairmont Scottsdale Princess | Scottsdale

  • About Us
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Stephen Taub
Premium
How This SAC Vet Recovered From a Rough First Quarter
Heavy trading in the past two quarters boosted one-time SAC PM and II Hedge Fund Rising Star David Rosen’s Rubric Capital Management.
Stephen Taub August 16, 2020
Rubric Capital liquidated its position in CVS last quarter. (Michael Short/Bloomberg)

Rubric Capital liquidated its position in CVS last quarter.

(Michael Short/Bloomberg)

Volatile times call for active trading.That seems to be the mantra of Rubric Capital Management, founded by David Rosen, a one-time Institutional Investor Hedge Fund Rising Star who earlier worked at Steven Cohen’s SAC Capital’s CR Intrinsic. Rubric was down double digits in the

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