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Wall Street Oasis

E22: Blackstone: Quitting Early to join a Startup Hedge Fund - "Stop Chasing Prestige"

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 25 July 2019

⏱️ 56 minutes

🧾️ Download transcript

Summary

Member @eshoy shares his break from the traditional path not once, but twice already in his young career. We cover how he broke into the Blackstone restructuring group (one of the most prestigious groups on the street) coming out of Wharton, why he left only after 10 months to join a start-up hedge fund and what comes next with his own startup, atom.finance His AMA is linked here.

Transcript

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0:00.0

Hello and welcome. I'm Patrick Curtis, your host and Chief Monkey, and this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general. Let's get to it.

0:24.9

In this episode, member E. Shoy shares his break from the traditional path not once, but twice

0:30.7

already in his young career. We cover how he broke into the Blackstone Restructuring Group,

0:35.0

which is one of the most prestigious groups on the street,

0:41.7

coming out of Wharton, why he left only after 10 months to join his startup hedge fund,

0:45.2

and what comes next with his own startup, Adam.finance. All right, member E. Shoy, thank you so much for joining the Wall Street Oasis podcast.

1:00.4

Thanks for having.

1:01.5

Awesome.

1:01.9

It would be great if you could give the listeners just a kind of short summary of your background.

1:07.5

Sure.

1:08.4

So I went to Penn as an undergrad. I was in a program called the Hudson program, which is a coordinated dual degree program between the college and Warden. At Warden, I studied finance and accounting. And in the college, I was an international studies major and actually did a semester abroad in China in Beijing.

1:29.4

And then for my sophomore year internship, I worked at a small credit hedge fund.

1:36.5

And then junior year, I worked in the restructuring group at Blackstone.

1:41.1

So I was there for that summer.

1:42.5

And then I got a return offer and went back after I graduated from Penn. So I was there for that summer and then I got a return offer and went back after I graduated from Penn.

1:47.0

So I was there actually for only eight months I left to join a newly launched hedge fund that was started by one of the partners from Union Park called Governor's Lain.

1:57.0

And I joined right before we launched in early 2015. We had around 700 million under management

2:06.0

at that point before we launched. So I was involved in kind of the initial portfolio building

2:11.1

and kind of the stock selection for, you know, the launch. And then I was there for a bit over three years until early

2:20.8

last year when I left to do something else. And I started a fintech startup called Adam Finance,

2:29.0

which is now what I run. And I've been doing day to day since then. Awesome. Pretty interesting background.

2:34.6

So let's go back all the way to kind of your time at Wharton and specifically, you know, when you went in there where you like for sure you knew you wanted to go banking, like kind of what kind of pushed you in that direction? Was it more like, hey, I'm going to, I didn't know what I wanted to do and I kind of just followed the herd or was it something where like you've known for a long time you

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