The 20 Rising Stars of Wealth Management - 2007 - (Page 15) 7 PAUL KARGER 2 1 Co-Founder and Managing Partner Twin Focus Capital Partners LLC, Boston Age: 30 Education: Boston University (B.S., Manufacturing Engineering) Mentor(s): John McGillian, managing partner, Symmetry Partners LLC; Les Otten, chairman, LBO Enterprises LLC; Stephen Brown, managing director, UBS Wealth Management Karger co-launched his Boston-based investment advisory firm last year at age 29—making him, according to industry experts, the youngest co-founder of a multi-family office in the country. He is in charge of investment strategy and new business development and oversees a team of eight professionals and approximately $400 million in assets—of which $100 million is derived from off-shore accounts. He co-managed The Karger Group, a fee-based consultancy to high-net-worth individuals and institutions for UBS Financial Services until 2006. Before joining PaineWebber in 2000, UBS’ predecessor firm, Karger worked a year in corporate finance as an analyst with Leerink Swann & Co., concentrating in life sciences. Karger is a Chartered Financial Analyst and a member of the CFA Institute and the Investment Management Consultants Association, among others. He also has the Certified Investment Management Analyst designation. He spoke most recently at the annual Wealth Management Symposium hosted by the Boston Council on Estate Planning. He is a frequent guest speaker at Boston University and Babson College on global macro investing and entrepreneurship. “I see a massive opportunity offering truly independent and objective global solutions to the ultra-high-net-worth. Sorting through thousands of investment approaches and opportunities, and then removing the conflicts of interest and emotion can be complicated and confusing. It is our job to determine luck versus skill and then allocate accordingly.” 8 WESLEY KARGER 1 Co-Founder and Managing Partner Twin Focus Capital Partners LLC, Boston Age: 30 Education: Boston University (B.A., Economics, Cum Laude) Mentor(s): Stephen Brown, managing director, UBS Wealth Management; Olaf Thorp, retired executive, Ford Motor Company; Ted de Winter, professor, Boston University Karger, co-founder, heads the investment committee and is responsible for supervising investment management and asset allocation including manager search, selection and monitoring. Karger oversees an eight-man team and $400 million in assets. The firm caters to ultra-high-net-worth individuals with north of $10 million in investable assets in the U.S. and more than $25 million in assets for off-shore accounts. Karger co-managed The Karger Group at UBS Financial Services. He joined UBS in 2000, responsible for advising, managing and implementing HNW clients' portfolios. Prior to UBS, Karger was a controller with the Investment Portfolio Group at State Street Global Markets in Boston. Karger holds the Chartered Financial Analyst designation. He provides market commentary and analysis to online financial publications including itulip.com and was quoted in Boston Magazine last year. He is a frequent participant at industry conferences most recently at the ABN AMRO Global Conference in Mumbai this year. He is a frequent guest speaker at Boston University and Babson College on the subjects of asset management and entrepreneurship. “We are not paid to manage returns, but rather risk. We begin by looking at what each position could lose under the worst case scenario. We have learned, no matter how cheap you think an asset class has become, it can always get cheaper. This is ever more poignant in the climate today, as all asset classes have run up significantly.” AUGUST 2007 0 92 0 92 WEALTH MANAGEMENT RISING STARS 15 http://itulip.com
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