Grandmaster Capital Fund: Grandmaster Capital

One move at a time

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Wolff transfers grandmaster chess talent into hedge fund arena

For a grandmaster who wrote The Complete Idiot’s Guide to Chess, running a hedge fund should be a relatively simple pursuit. Patrick Wolff, founder and CEO of the appropriately named Grandmaster Capital Management, says the transition from US chess champion to portfolio manager was a logical career progression.

“Chess is a unique activity. It is a very pure feedback loop. What I mean by that is everything you do determines how successful you are. There is no luck. You can exactly replicate the c

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