Carl Icahn and Warren Buffett have once again proven that age is nothing more than a number. They have been featured in Bloomberg’s third annual 50 Most Influential list. They are still the masters of the global financial industry, says Robert S. Dieterich of Bloomberg. The list has been prepared for the October issue of Bloomberg Markets magazine.
The survey placed more emphasis on recent achievements rather than age. But still Carl Icahn and Warren Buffett showed that they will be there, whatever the criteria. The list saw a major shakeup as 36 of the 50 people are new to the list. Only seven people have appeared on the list for all three years, including Warren Buffett and Jamie Dimon. Bloomberg placed the influencers in five categories: Money Managers, Thinkers, Corporate Power Brokers, Policy Makers and Bankers. Warren Buffett was placed in Corporate Power Brokers category for acquiring H.J. Heinz Company (NYSE:HNZ) for $27.4 billion, one of the biggest acquisitions of this year.
Anyway, let’s have a look at the money managing pros who made to the list.
Sheikh Hamed bin Zayed Al Nahyan is the managing director of Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund has never disclosed how much money it manages. But analysts estimate that the amount should be no less than $50 billion. That makes Abu Dhabi Investment Authority one of the largest sovereign wealth funds in the world.
Mr. Black is co-founder and chief of Apollo Global Management LLC (NYSE:APO). Leon Black appeared on the influential list for making a profit of $9.6 billion on debts of LyondellBasell Industries NV. That’s the largest profit made by a private equity firm ever.
The right arm of Jamie Dimon (who appeared in the bankers’ list) and head of JPMorgan Chase & Co (NYSE:JPM)’s asset management operations. She oversees $2.2 trillion of assets, and has established the asset management arm as one of the strongest pension and mutual fund players in the industry.
Carl Icahn is the founder of Icahn Enterprises LP and one of the most experienced investors on Wall Street. He accumulated a large position in Herbalife Ltd. (NYSE:HLF) when Bill Ackman called it a Ponzi scheme. Carl Icahn continues to fight at Dell Inc. (NASDAQ:DELL) and now he is demanding that Apple Inc. (NASDAQ:AAPL) reward shareholders.
Larry Fink’s BlackRock, Inc. (NYSE:BLK) is undoubtedly the world’s biggest money management firm. BlackRock, Inc. (NYSE:BLK) has more than $3.9 billion of assets under management. Mr. Fink is one of the largest shareholders of Dell Inc. (NASDAQ:DELL). He has demanded the computer maker to become more shareholder-friendly.
The head of hedge fund Third Point LLC. The activist investor booked a profit of more than $655 million on Yahoo! Inc. (NASDAQ:YHOO). Yahoo! Inc. (NASDAQ:YHOO) shares have risen more than 88% since Marissa Mayer joined the digital media company. Now Loeb has set his eyes on Sony Corporation (NYSE:SNE) (TYO:6758), demanding the electronics giant to spin off its entertainment division.
Stephen Schwarzman’s The Blackstone Group L.P. (NYSE:BX) is one such private equity firm that wants to everything to every client. The firm has more than $200 billion of assets under management.
Other notable money managers players featured in the list include Axa Private Equity chief Dominique Senequier, Newton Investment Management CEO Helena Morrissey and PIMCO managing director Daniel Ivascyn.