Guru Ramakrishnan is an Indian-American investor and entrepreneur who works in the hedge fund and private equity sectors. He is the founder and CEO of Meru Capital Group and was a co-founder of Old Lane Partners, LP. Ramakrishnan has held roles in financial institutions and has participated in philanthropic and academic initiatives.[1]
Early life and education
editGuru Ramakrishnan was born in Chennai, India, where he attended Don Bosco School.[citation needed]
In 1982, he moved to the United States and enrolled at the University of Michigan. There, he completed both Bachelor's and Master's degrees in Economics with high distinction. He later pursued an MBA at the University of Chicago Booth School of Business, specializing in Finance.[1]
Career
editMorgan Stanley
editRamakrishnan began his career at Morgan Stanley in 1988, where he worked in the equity and debt capital markets. He eventually became the head of the firm's equity derivatives group in London and later led the global trading business in New York.[2] He also worked at Morgan Stanley's Investment Banking Division.[3]
Old Lane Partners, LP
editIn 2005, Ramakrishnan co-founded Old Lane Partners, LP, with Vikram Pandit and John Havens.[4] Old Lane attracted over $4 billion in capital, making it one of the most successful hedge fund launches of the time.[5] In 2007, Citigroup acquired Old Lane for approximately $800 million,[6][7] after which Ramakrishnan continued to run Old Lane as the CEO until it was eventually shut down by the parent company Citigroup amidst the 2008 financial crisis.[8][9][10]
Meru Capital Group
editIn 2009, Ramakrishnan founded Meru Capital Group, a hedge fund focused on macroeconomic trends and long-term value creation.[1]
Board memberships and philanthropy
editRamakrishnan serves on the Board of Trustees at the University of Chicago[11] and is a member of the Global Business Leaders Council at Harvard Business School.[citation needed] In 2021 he endowed a chair in Sanskrit studies at the College of the University of Chicago, and provided scholarships to support students.[12][13][14]
Personal life
editGuru Ramakrishnan lives in New York City with his wife, Anupama, and their two sons Mahesh and Govind. He is also a poet, writing under the pseudonym Rama Krsna. His poetry explores cultural and philosophical themes.[15]
References
edit- ^ a b c "University of Chicago Board of Trustees elects two new members | University of Chicago News". news.uchicago.edu. 2016-05-03. Retrieved 2024-08-15.
- ^ Jr, Landon Thomas (2005-08-21). "Exile From Wall Street". The New York Times. ISSN 0362-4331. Retrieved 2024-08-15.
- ^ "Betting the Bank". Vicky Ward. Retrieved 2024-08-15.
- ^ "Hedge-Fund Veterans Start New Fund". Wass Street Journal. 2009-12-02.
- ^ "Whatever happened to Morgan Stanley's rebellious class of 2005?". Financial News. 2007-04-23.
- ^ "Citigroup to buy Old Lane hedge fund - InvestmentNews".
- ^ Moyer, Liz. "Citi Buys Pandit's Hedge Fund". Forbes. Retrieved 2024-08-15.
- ^ "Citigroup, Old Lane executives to sever ties: report". Reuters. 2008-12-24.
- ^ "Citigroup to Close Hedge Fund; Blow to CEO". Wall Street Journal. 2008-06-12.
- ^ "The Carlyle Group Completes Acquisition of Diversified Global Asset Management | Carlyle". www.carlyle.com. Retrieved 2024-08-15.
- ^ Cunningham, Tim. "University Elects Two New Board of Trustees Members". Chicago Maroon. Retrieved 2024-08-15.
- ^ "Ramakrishnan Professorship to support study of Sanskrit – merucorp". Meru Capital Group. 2016-01-26. Retrieved 2024-08-15.
- ^ Guo, Annie. "University Receives $3.5 Million Grant For the Study of Sanskrit". Chicago Maroon. Retrieved 2024-08-15.
- ^ "University of Chicago Booth School of Business gets $3 million from Guru Ramakrishnan for scholarships". Crain's Chicago Business.
- ^ "Rama Krsna: Poems". Hello Poetry. Retrieved 2024-08-15.