Steve Eisman

About Steve Eisman

Who is it?: Investor
Birth Day: July 08, 1962
Birth Place: New York City, United States
Birth Sign: Leo
Alma mater: University of Pennsylvania Harvard Law School
Occupation: Founder of Emrys Partners
Known for: Betting against subprime mortgages

Steve Eisman Net Worth

Steve Eisman was bornon July 08, 1962 in New York City, United States, is Investor. Steve Eisman is an American businessman, money manager, and investor who is best known for having shorted securitized subprime home mortgages. He became famous after betting against subprime mortgages at FrontPoint Partners LLC. He once managed over US $1 billion at FrontPoint and was portrayed in a book called ‘The Big Short: Inside the Doomsday Machine’ by Michael Lewis. A movie adaptation was also made of the book and the actor who played Steve Eisman was nominated for an Oscar award. Eisman also founded the Emrys Partners with $23 million as seed capital; however, in 2014 he made a statement that he would be closing down the fund. In the same year, he rejoined his parents at Neuberger Berman. It is difficult to estimate Eisman’s net worth but one can safely consider him to be a multi-millionaire.
Steve Eisman is a member of Investors

💰 Net worth: Under Review

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Biography/Timeline

1984

Eisman grew up in New York City, where he attended Yeshiva schools. He attended the University of Pennsylvania, graduating magna cum laude in 1984. He then graduated from Harvard Law School with honors.

1989

He has been married to Valerie Feigen since 1989. Valerie was also portrayed in The Big Short under the name Cynthia, by Marisa Tomei.

2010

After the Department of Education took action against for-profit colleges in 2010, the industry retaliated by accusing Eisman of attempting to illegally influence the government and calling for an investigation by the Secretary of Education. The allegations stem from a meeting that Eisman had with Department of Education officials David Bergeron and Robert Shireman, two weeks before delivering his speech at the Ira Sohn Conference. Shireman was in charge of the department's efforts to toughen regulations on for-profit colleges.

2012

In 2012, Eisman founded Emrys Partners with $23 million in seed capital. The fund performed poorly in 2012, returning 3.6% and underperforming the market. It did better in 2013, returning 10.8% but still underperforming the market. In July 2014 he announced that he was shutting down the fund, explaining his decision by stating that "making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy." The fund controlled an estimated $185 million in assets at the time of its dissolution.

2014

In September 2014, Eisman joined Neuberger Berman as a Managing Director and a Portfolio Manager for the Eisman Group within Neuberger Berman’s Private Asset Management division. The group, run by partners including Steve's parents, Elliott and Lillian Eisman, manages portfolios of stocks for wealthy clients.

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