Age, Biography and Wiki

Steve Eisman (Steven Eisman) was born on 8 July, 1962 in United States, is an American businessman and investor. Discover Steve Eisman's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 61 years old?

Popular As Steven Eisman
Occupation Managing Director and Portfolio Manager at Neuberger Berman
Age 61 years old
Zodiac Sign Cancer
Born 8 July, 1962
Birthday 8 July
Birthplace N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 8 July. He is a member of famous Director with the age 61 years old group.

Steve Eisman Height, Weight & Measurements

At 61 years old, Steve Eisman height not available right now. We will update Steve Eisman's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Steve Eisman's Wife?

His wife is Valerie Feigen (m. 1989)

Family
Parents Not Available
Wife Valerie Feigen (m. 1989)
Sibling Not Available
Children Not Available

Steve Eisman Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Steve Eisman worth at the age of 61 years old? Steve Eisman’s income source is mostly from being a successful Director. He is from United States. We have estimated Steve Eisman's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Director

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Timeline

1962

Steven Eisman (born July 8, 1962) is an American businessman and investor known for having shorted collateralized debt obligations (CDOs), thereby profiting from the collapse of the US housing bubble in 2007–2008.

Eisman grew up in New York City, where he attended Yeshiva schools.

1984

He attended the University of Pennsylvania, graduating magna cum laude in 1984.

He then graduated from Harvard Law School with honors.

His parents worked in finance; they were brokers for Oppenheimer.

Eisman was unhappy with his work in law.

His parents arranged a position for him at Oppenheimer working as an equity analyst.

Oppenheimer's anti-nepotism rules required his parents to pay the first year of his salary.

Eisman rose to fame betting against collateralized debt obligations at Greenwich, Connecticut-based FrontPoint Partners LLC, a unit of Morgan Stanley.

1989

He has been married to Valerie Feigen since 1989.

Valerie was portrayed in The Big Short under the name Cynthia, by Marisa Tomei.

Feigen, who worked for J.P. Morgan, said of her husband, "Even on Wall Street people think he's rude and obnoxious and aggressive."

While Eisman seems aware of his tendency to be rude he does not seem to be concerned by it.

He once said to an interviewer on this topic, "I forget myself sometimes."

Eisman's first-born son, Max, died after his night nurse rolled on top of him in her sleep.

Eisman and his intimates describe the death of his son as a hugely influential event that affected him in many ways.

2009

After the Department of Education took action to strengthen a variety of consumer protection regulations in 2009-10, the for-profit industry retaliated by accusing Eisman of attempting to illegally influence the government and calling for an investigation.

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 regulatory efforts, which had begun more than a year earlier.

The agency’s Inspector General, after a review, concluded there was “no improper disclosure of sensitive information by Department officials in their communications with outside parties.”

After offering testimony to Senate Health, Education and Labor Committee on problems with for-profit higher education, Eisman was criticized by progressive groups such as Citizens for Responsibility and Ethics in Washington (CREW) on the grounds that he stood to profit from proposed regulations due to his short positions against private colleges.

CREW was later found to have been receiving payments from a founder of for-profit University of Phoenix.

Harris Miller, president of the lobbying group that represents for-profit colleges said of him, "Eisman is a self-serving nutcase who got lucky. He's in the business of ruining the reputation of companies so he can make money when their stock prices drop."

2010

By 2010, he managed more than $1 billion for FrontPoint, and gained prominence after being profiled by Michael Lewis in his book The Big Short: Inside the Doomsday Machine.

In the movie adaptation of Lewis' book, The Big Short, Eisman's name was changed to Mark Baum, and was portrayed by actor Steve Carell.

During a presentation at the 2010 Ira Sohn Conference Investment Research Conference, Eisman raised concerns about the for-profit education industry.

In his presentation, Eisman was highly critical of companies that run for-profit colleges, such as Apollo Education Group, Corinthian Colleges, Education Management Corporation, and ITT Educational Services, likening their loaning practices to what he witnessed from the subprime mortgage industry in the midst of the housing bubble:

"Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task."

2011

He left FrontPoint Partners in 2011 amid investor withdrawals following an investigation of illegal insider trading by portfolio manager Chip Skowron.

2012

In March 2012, Eisman founded Emrys Partners with $23 million in seed capital.

The fund performed poorly in 2012, returning 3.6% and underperforming the market.

2013

It did better in 2013, returning 10.8% but still underperforming the market.

2014

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.

Emrys Partners stopped operating in mid-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.

2018

By the end of 2018, after government and media investigations had exposed predatory practices including a fraudulent inducement to enroll, both Corinthian and Educational services were defunct, having ceased operations, due to reduced enrollment and ineligibility to continue participating in government backed student loan programs.

The U.S. Department of Education later forgave over a half-million student loans linked to Corinthian programs.