Hedge Fund Schonfeld’s Millennial Boss Drags It Back From Brink

In an industry still ruled over by men of advanced middle age, and often much older, Ryan Tolkin’s relative youth has always stood out.

But when the 38-year-old boss of Schonfeld Strategic Advisors took to the stage at the New York hedge fund’s investor day in May, his words could have come from the mouth of any of his more seasoned rivals. “You’re never as good as your best day, and never as bad as your worst,” he told the audience.

Tolkin was 27 when he became chief investment officer for Steven Schonfeld’s then family office; 29 when ...