Wall Street’s 25 Best Up-and-Coming Stars in 2021
Kori Estrada, 35, Axon Capital
Kori Estrada is one of the few female chief investment officers at a hedge fund and has seen firsthand how the industry has changed over the past decade.
“I think there have been so many changes on the diversity side, at least since I started in this industry, which is really great to see,” Estrada, co-CIO of $ 500 million Axon Capital, told Insider .
“But it hasn’t really changed much when it comes to the female PMs who actually run hedge funds, which is a bit of a disappointment,” she added, using the acronym for portfolio managers.
As a student at Columbia University, Estrada wanted to play lacrosse professionally, but soon after her first training session, she realized that she had no plans to pursue the sport after college. She decided to explore Wall Street instead.
Estrada misses the competitive aspect of the game of lacrosse which is why she is an investor.
“It’s one of the few jobs you can have where you can see how you are doing on the scoreboard every day, Monday through Friday,” she said. “And there’s something really satisfying about that.”
She joined UBS in 2007 as an investment banking analyst and saw the impact of the financial crisis on a large financial institution. She learned what it means to be risk averse, which influences her investment strategy today. She joined Axon in 2011 after a stint at Shumway Capital.
In early 2019, she was promoted to CIO, a title she shares with Axon founder and former Goldman partner Dinakar Singh.
Over the past few months, Estrada and Singh have been more cautious about the markets, forecasting that economic growth will slow along with S&P 500 corporate earnings. You are enthusiastic about private sector investments and special purpose acquisition companies. Axon recently rolled out his first
and plans to introduce two more.
In her spare time, Estrada runs a sustainable toothpaste company called RiseWell, which started in 2019 and is largely self-financed. The company has another investor, Singh.
“He believed in the business early on and also gave me the flexibility to both manage the portfolio at Axon and work on this idea,” she said.