Steve Eisman - University Of Pennsylvania, Facts and Family
Steve Eisman's Personal Details
Steve Eisman is an American businessman, money manager, and investor
| Information | Detail |
|---|---|
| Birthday | July 8, 1962 |
| Nationality | American |
| Famous | University Of Pennsylvania, Business People, Investors |
| City/State | New Yorkers |
| Spouses | Valerie Feigen |
| Universities |
|
| Notable Alumnis |
|
| Birth Place | New York City |
| Gender | Male |
| Father | Elliott Eisman |
| Mother | Lillian Eisman |
| Sun Sign | Cancer |
| Born in | New York City |
| Famous as | Investor |
// Famous University Of Pennsylvania
Sharon Stone
Sharon Stone is a Golden Globe Award winning American actress and former model. Read this biography to learn more about her childhood, profile, life and timeline.
Aaron Yoo
Aaron Yoo is a cinematographer and actor of Korean origin, who was born and raised in the United States of America. This biography of Aaron Yoo provides detailed information about his childhood, life, achievements, works & timeline.
Nelson Peltz
Nelson Peltz is an ace American investor and a businessman. This biography provides detailed information about his childhood, family, personal life, career, etc.
Steve Eisman's photo
Who is Steve Eisman?
Steve Eisman is an American businessman, money manager, and investor who is best known for having shorted securitized subprime home mortgages. He became famous after betting against subprime mortgages at FrontPoint Partners LLC. He once managed over US $1 billion at FrontPoint and was portrayed in a book called ‘The Big Short: Inside the Doomsday Machine’ by Michael Lewis. A movie adaptation was also made of the book and the actor who played Steve Eisman was nominated for an Oscar award. Eisman also founded the Emrys Partners with $23 million as seed capital; however, in 2014 he made a statement that he would be closing down the fund. In the same year, he rejoined his parents at Neuberger Berman. It is difficult to estimate Eisman’s net worth but one can safely consider him to be a multi-millionaire.
// Famous Investors
Ashton Kutcher
Ashton Kutcher is an American actor, model and a producer. This biography profiles his childhood, life, acting career, achievements and timeline.
Bill Ackman
William Albert Ackman, better known as Bill Ackman, is an American hedge-fund manager, investor, and philanthropist. This biography profiles his childhood, family, personal life, career, etc.
Oleg Deripaska
Oleg Vladimirovich Deripaska is a well-known Russian business tycoon and philanthropist. This biography profiles his childhood, family, personal life, business career, achievements, and gives some fun facts.
Career
Steve Eisman’s career climbed to great heights when he bet against subprime mortgages at Greenwich, Connecticut-based FrontPoint Partners LCC, which was a unit of Morgan Stanley. By 2010, he was managing over US$ 1 billion for the company which earned him prominence. He was then profiled in the book ‘The Big Short: Inside the Doomsday Machine’ written by Michael Lewis. When a movie adaptation was made of the book, Eisman’s character was named “Mark Baum.” His character in the movie was played by an Oscar-nominated actor, Steve Carell.
In 2011, he left FrontPoint Partners due to an allegation that the co-manager of the firm’s health-care portfolio, Joseph F. “Chip” traded some insider information.
The next year, Eisman established Emrys Partners with $23 million in seed capital. In 2012, the fund performed poorly, returning just 3.6 % and underperforming in the market. The following year, i.e. in 2013, the fund did better returning to 10.8% but was still underperforming in the market. In July 2014, Eisman made an announcement that he would be shutting down the fund giving an explanation that “making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy.”
Eisman joined Neuberger Berman in September 2014 as Managing Director and a Portfolio Manager with Neuberger Berman’s Private Asset Management division. The group is run by Eisman’s parents, Elliott and Lillian Eisman, as well his partners who manage portfolios of stocks for wealthy clients.
Stance on for-profit Educational Institutes
Steve Eisman has been against for-profit institutions of higher education from a long time. In May 2010, he made a speech titled ‘Subprime Goes to College’ during the Ira Sohn Conference where he openly criticized companies which run private colleges such as Think ITT Educational Services, Corinthian Colleges, and Education Management Corporation. He also compared the companies to seedy mortgage brokers. In his presentation, he described for-profit education industry as socially destructive and morally bankrupt.
In 2010, the Department of Education acted against for-profit colleges. Due to this, the education industry accused Eisman of illegally influencing the government and also asked the Secretary of Education for an investigation. The allegations are based on a meeting that happened two weeks prior to delivering the speech which Eisman had with Department of Education officials David Bergeron and Robert Shireman. At that time, Shireman had been managing the department’s efforts to toughen rules on for-profit colleges.
Eisman was criticized by a few groups such as Citizens for Responsibility and Ethics in Washington after he offered testimony to Senate Health, Education and Labor Committee on the problems with for-profit education. The groups’ criticism was based on the point that Eisman stood to profit from proposed regulations for his short positions against private colleges.
Personal Life
Steve Eisman was born on 8th July 1962 in New York City. He attended Yeshiva Schools and went to the University of Pennsylvania from where he graduated magna cum laude in 1984. Later he graduated from Harvard Law School with honors.
In 1989, he got married to Valerie Feigen. In the movie, ‘The Big Short,’ Valerie’s character was named Cynthia and the role was played by Marisa Tomei.
// Famous Business People
Kristina Sunshine Jung
Kristina Sunshine Jung is an American entrepreneur and actor, better known as the daughter of drug-smuggler George Jung and his ex-wife, Mirtha Jung.
Ted Turner
Ted Turner is a media tycoon who founded the cable news network CNN. This biography of Ted Turner provides detailed information about his childhood, life, achievements, works & timeline.
Guccio Gucci
Guccio Gucci was a famous fashion designer from Florence, Italy, and the founder of the world-renowned fashion brand ‘Gucci.’ Check out this biography to know about his childhood, family, personal life, career, etc.
Steve Eisman biography timelines
- // 8th Jul 1962 To 1984Steve Eisman was born on 8th July 1962 in New York City. He attended Yeshiva Schools and went to the University of Pennsylvania from where he graduated magna cum laude in 1984. Later he graduated from Harvard Law School with honors.
- // 1989In 1989, he got married to Valerie Feigen. In the movie, ‘The Big Short,’ Valerie’s character was named Cynthia and the role was played by Marisa Tomei.
- // 2010Steve Eisman’s career climbed to great heights when he bet against subprime mortgages at Greenwich, Connecticut-based FrontPoint Partners LCC, which was a unit of Morgan Stanley. By 2010, he was managing over US$ 1 billion for the company which earned him prominence. He was then profiled in the book ‘The Big Short: Inside the Doomsday Machine’ written by Michael Lewis. When a movie adaptation was made of the book, Eisman’s character was named “Mark Baum.” His character in the movie was played by an Oscar-nominated actor, Steve Carell.
- // 2010In 2010, the Department of Education acted against for-profit colleges. Due to this, the education industry accused Eisman of illegally influencing the government and also asked the Secretary of Education for an investigation. The allegations are based on a meeting that happened two weeks prior to delivering the speech which Eisman had with Department of Education officials David Bergeron and Robert Shireman. At that time, Shireman had been managing the department’s efforts to toughen rules on for-profit colleges.
- // May 2010Steve Eisman has been against for-profit institutions of higher education from a long time. In May 2010, he made a speech titled ‘Subprime Goes to College’ during the Ira Sohn Conference where he openly criticized companies which run private colleges such as Think ITT Educational Services, Corinthian Colleges, and Education Management Corporation. He also compared the companies to seedy mortgage brokers. In his presentation, he described for-profit education industry as socially destructive and morally bankrupt.
- // 2011In 2011, he left FrontPoint Partners due to an allegation that the co-manager of the firm’s health-care portfolio, Joseph F. “Chip” traded some insider information.
- // Sep 2014Eisman joined Neuberger Berman in September 2014 as Managing Director and a Portfolio Manager with Neuberger Berman’s Private Asset Management division. The group is run by Eisman’s parents, Elliott and Lillian Eisman, as well his partners who manage portfolios of stocks for wealthy clients.
// Famous New York peoples
Skai Jackson
Skai Jackson is an American child actress with huge fan following. Find more about her family & personal life, relationships, facts and more.
Adam Saleh
Check out all that you wanted to know about Adam Saleh, the famous YouTube Personality; his birthday, his family and personal life, his girlfriends, fun trivia facts and more.
Sexxy Lexxy
Alexis Smith Walker, popularly known as Sexxy Lexxy, is an African-American singer. Check out this biography to know about her birthday, childhood, family life, achievements, and fun facts about her.
Devin Gordon
All about American Pop singer and internet celebrity Devin Gordon, including his age, birthday, family life, girlfriends, net worth, and some fun facts.
Sunny Hostin
Sunny Hostin is an American lawyer, social commentator, columnist and journalist. Check out this biography to know about her childhood, family life, achievements and fun facts about her.
Jayla Marie
Jayla Marie is an American hip-hopper and YouTube star. Let’s take a look at her family & personal life including age, date of birth, net worth, and fun facts.
Steve Eisman's FAQ
What is Steve Eisman birthday?
Steve Eisman was born at 1962-07-08
Where is Steve Eisman's birth place?
Steve Eisman was born in New York City
What is Steve Eisman nationalities?
Steve Eisman's nationalities is American
Who is Steve Eisman spouses?
Steve Eisman's spouses is Valerie Feigen
What was Steve Eisman universities?
Steve Eisman studied at University Of Pennsylvania, University of Pennsylvania, Harvard Law School
What was Steve Eisman notable alumnis?
Steve Eisman's notable alumnis is University Of Pennsylvania
Who is Steve Eisman's father?
Steve Eisman's father is Elliott Eisman
Who is Steve Eisman's mother?
Steve Eisman's mother is Lillian Eisman
What is Steve Eisman's sun sign?
Steve Eisman is Cancer
How famous is Steve Eisman?
Steve Eisman is famouse as Investor