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Wall Street's 0.01%: The Guru Who Only Talks to Hedge-Fund Elite | Tony Seruga
Sep
15

Wall Street’s 0.01%: The Guru Who Only Talks to Hedge-Fund Elite

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A new financial elite is emerging on Wall Street. And if you’re not part of it, the next best thing is to sell to it.

Jens Nordvig, one of the hottest prognosticators in finance, will sell anyone his secret sauce for winning trades for $30,000 a year.

But if you want unfettered access to his best ideas and personal touch—the kind that the deep-pocketed hedge funds covet—be prepared to shell out about 20 times more.

That two-pronged approach to research, off-limits (at least officially) at Wall Street banks, captures one of the most striking shifts in finance today: the rise of a class system where entire businesses cater to only the highest-paying clients. Of course, haves and have-nots have long existed in the world of finance. But the widening gap within Wall Street itself, between what the privileged few and most others get, is creating a new financial elite—what amounts to the 1 percent of the 1 percent…

Wall Street’s 0.01%: The Guru Who Only Talks to Hedge-Fund Elite

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