CHESS

The Star Early Edition - - TONIGHT COMICS - Mark Ru­bery

Bob Rice, au­thor of Three Moves Ahead: What Chess Can

Teach You About Business, wrote: “The more you look at the business world, the more you see that suc­cess­ful com­pa­nies and the peo­ple who run them use chess strate­gies rou­tinely (whether they know it or not).” While many chess masters play the game full time, Chess­base.com tracked some ex­cep­tional play­ers who also ex­celled in business. • Anna Hahn, rat­ing 2 235, Trader, DE Shaw & Co, grad­u­ated from the Univer­sity of Penn­syl­va­nia with a de­gree in fi­nance and com­puter sci­ence and worked at Gold­man Sachs as a pro­gram­mer be­fore be­com­ing a se­nior trader at DE Shaw & Co. • James Sher­win, rat­ing 2 246, di­rec­tor and ad­vi­sor to Hunter Dou­glas, who in 1988 was in­ves­ti­gated for stock ma­nip­u­la­tion, in a case that was even­tu­ally dis­missed with prej­u­dice. He lives in the UK where he plays a lot of chess. • Matthew Her­man, rat­ing 2 394, hedge fund man­ager, had a rat­ing of 1 900 at the age of 12. At age 18, he took a job at Gold­man Sachs. Cur­rently he is work­ing at a hedge fund and con­tin­ues to play com­pet­i­tive chess. • Anna Gulko, rat­ing 2 397, re­search an­a­lyst, In­vesco, was one of many chess masters to join Banker’s Trust. She and her hus­band, GM Boris, founded the Gulko Chess Academy. • Dun­can Sut­tles, rat­ing 2 420, pres­i­dent, Mag­ne­tar Games, a chess grand­mas­ter who went into soft­ware de­vel­op­ment. “I quit chess be­cause I felt I had de­vel­oped a sat­is­fac­tory strate­gic un­der­stand­ing of the game and what­ever im­prove­ment re­mained was in tech­nique. This would re­quire a lot of ef­fort for min­i­mal re­turns.” • Vivek Rao, rat­ing 2 435, for­mer quan­ti­ta­tive fi­nan­cial an­a­lyst, who by 16 was the high­est rated ju­nior player in the coun­try, known for his ob­ses­sion with the­ory. He got a job a on Wall Street and con­sid­ered this job “a pleas­ant mix of in­vest­ing, math and com­puter pro­gram­ming.” • Nor­man We­in­stein, rat­ing 2 450, for­mer trader, was the first chess whiz hired by Banker’s Trust in the early 1990s. He was so suc­cess­ful that they kicked off a re­cruit­ment pro­gramme for other strong chess play­ers, which brought in David Nor­wood, Max Dlugy, Gulko and more. • David Nor­wood, rat­ing 2 494, for­mer trader, joined Banker’s Trust in 1991 after they be­gan re­cruit­ing top chess play­ers. “Out of the blue, I got con­tacted. I had no idea what trad­ing was.” He re­tired as a mil­lion­aire at the age of 40. • Pas­cal Char­bon­neau, rat­ing 2 517, an­a­lyst at Alpine As­so­ciates, a Cana­dian na­tional champ in 2002 and 2004, who started work­ing on Wall Street straight out of col­lege in 2006. • Ken Ro­goff, rat­ing 2 505, pro­fes­sor of eco­nomics, Har­vard Univer­sity, was a US master at the age of 14. He missed out on most of his last two years of high school to play in tour­na­ments across Europe and lived off of his prize win­nings. • Max Dlugy, rat­ing 2 518, man­ager, Di­ver­si­fied Prop­erty Fund; co-founder, In­ter­na­tional Chess Man­age­ment Inc, dipped into the business world when he replied to an ad posted by Banker’s Trust re­quest­ing chess play­ers. He worked on their for­eign ex­change spot desk and later started his own hedge fund. • Michael Wilder, rat­ing 2 540, part­ner at McDer­mott Will & Emery, win­ner of the US cham­pi­onship in 1988, to­day a part­ner at McDer­mott Will & Emery spe­cial­is­ing in “tax is­sues aris­ing from cor­po­rate trans­ac­tions in­volv­ing US and for­eign en­ti­ties”. • Pa­trick Wolff, rat­ing 2 564, di­rec­tor of Grand­mas­ter Cap­i­tal, was the US chess cham­pion in 1992 and 1995. In 2005 he was hired by Peter Thiel as an an­a­lyst. Wolff later started his own hedge fund, Grand­mas­ter Cap­i­tal, with $50 mil­lion un­der man­age­ment, much of it com­ing from Thiel.

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