The reinvention of Ross Margolies1 Mar 2010—Institutional Investor
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Photographs by Mackenzie Stroh
Nearly four years ago, Ross Margolies suddenly found himself out of work, having just shut down his hedge fund business, Saranac Capital Management, before it ever really got off the ground. Margolies had planned to spin out Saranac, a group he had been managing at Citigroup, but he got sideswiped by an internal scandal in the bank's Japanese operation that touched off a redemption run just as he was getting under way. Saranac's swift demise left the...