Michael H. Steinhardt an investor and philanthropist

Michael H. Steinhardt average annual benefit for its clients by 24.5%, after a 1% management fee and a "performance fee" of 15% (at the beginning of his career, then 20%) of all annual gains, realized and unrealized, are nearly three times the annual performance of the S & P 500 Index during the same period. Before Steinhardt and partners set up a hedge fund during the summer of 1967, Steinhardt was an analyst at Loeb, Rhoades & Co., then part of Citigroup. Steinhardt follow industrial conglomerates, including companies such as Automatic Sprinkler (now closed), City of Investments (also is not running), and today his best-known conglomerate, Gulf & Western (now part of spin-off Viacom and CBS Viacom). Again , according to his autobiography, he met his future wife in 1967. After decades of successfully managing the fund, Steinhardt and his company investigated and allegedly tried to manipulate the financial markets in the short term Trasury early 1990s. He personally paid 75% of the total fine of $ 70 million as part of a settlement with the U.S. Securities and Exchange Commission and the Justice Department. The company earned $ 600 million in transactions Treasury short sell position.

In 2004, Steinhardt worked at Index Development Partners, Inc.., Which is now known as the WisdomTree Investments. He is chairman of WisdomTree, which offers fund dividends and earnings-based index that refers to a traditional index fund based on market capitalization. In August, 2007, WisdomTree had a profit of $ 4 billion and growing 10% per month. During the fall of 2007 and early winter 2007-08, Wisdom Tree growth has stagnated, because the stock market is down. Wisdom Tree dividend payments also decreased. However, in the last few months in 2010, Wisdom tree continued earnings upside.
In 2010, Steinhardt asked by IDT Corporation to serve as Chairman of the Board of Israel Energy Initiatives Ltd (IEI), an affiliate of the firm's Israel-Genie.

Michael H. Steinhardt was an art collector, especially antiques. He became the leader of the honor of a special exhibit, "Ancient Art of the Cyclades,"

Michael H. Steinhardt has become an active philanthropist, donating more than $ 125 million for the Jews. He and Charles Bronfman founded Taglit-Birthright Israel, which provides the departure cost 220 thousand Jews aged 18-26 years in the 10-day trip to Israel, absolutely free. In his autobiography, he identifies himself as an atheist who still strongly supports cultural Jewish identity.
In the 1990s, Steinhardt founded the Wildlife Conservation Society (WCS) in the Falkland Islands is precisely on the island of Grand Jason valued at $ 425,000. Steinhardt also contributed $ 10 million to New York University for Education and Development Manusia.Steinhardt also chairman of the board at the Steinhardt Foundation for Jewish circles through organizations such as the U.S. Ezra. Ezra USA is the largest youth movement for Russian-speaking Jews in the United States and Raje (the Russian and American Jews).

In 2001, Michael H. Steinhardt published autobiography: "No Bull: My Life in and out of the market".

Michael H. Steinhardt active in political circles ranging from moderate Democrats to neo-conservatives, has become chairman of the Democratic Leadership Council and a board member of the Foundation for Defense of Democracies, where he donated $ 250,000 in 2002.
In 2001, Steinhardt, along with several other investors including Conrad Black, founded the New York Sun.

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