American Consequences - January 2020

By Steven Longenecker

Behind the scenes with the advisor and portfolio manager to some of the richest and smartest men on Wall Street

THEWEALTH WHISPERER

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Portfolio manager and former hedge-fund founder Austin Root has worked with and advised some of the most powerful names in the financial world... • Steve Schwarzman, the founder of Blackstone. • Hedge-fund billionaire and controversial political contributor George Soros. • Blue Ridge Capital founder John Griffin. • Embattled billionaire Steve Cohen, founder of SAC Capital and inspiration for Bobby Axelrod’s character on Billions . • And Julian Robertson, the Tiger Management billionaire who spawned dozens of the world’s top hedge funds.

Yet there was no hint of the typical Wall Street stiffness as we got out of the car and into the Las Vegas heat. Instead, he was grinning like a six-year-old. “Give me your phone,” he says. “I’ll get a picture as you’re boarding. It’s your first time, right?” The night before, I thought I’d be getting on a Southwest flight bound for the American Consequences office in Baltimore somewhere in the middle of a cattle-call boarding group. Then the invite came... Would I like to fly back to Baltimore on a private jet for a free- ranging conversation – all on the record – with a few independent financial minds?

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January 2020

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