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Sol Kumin
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Sol Kumin
Sol Kumin (born 13 May 1975) is an American business leader, Thoroughbred racehorse owner and philanthropist. In May 2018, he became the first owner since 1952 to have both a Kentucky Oaks and a Kentucky Derby winner in the same weekend. He was a co-owner of Justify; winner of the Triple Crown. In Kumin's first decade of horseracing, through his horses at Madaket Stables, he won 92 Grade One races, 12 Breeders Cups, the Preakness Stakes three times and the Kentucky Derby twice.
The oldest of three siblings, Kumin grew up in Worcester, Massachusetts before moving to Boston at the age of 10. He was educated at the Fessenden School before attending St. Paul's School in Concord, New Hampshire. He went on to gain a BA in political science from Johns Hopkins University.
Kumin worked at Lazard Asset Management and Sanford Bernstein before joining SAC Capital, where his roles included Head of Business Development and subsequently Chief Operating Officer under Steve A. Cohen. Upon Kumin leaving in 2014, Cohen went on to say that Kumin had "been responsible for transforming our business development and investor relations functions and has helped create our global strategy and footprint. Without his tireless work, we would not have had a strong London presence or our current business in Asia."
After leaving SAC Capital in January 2014, Kumin started hedge fund Folger Hill Asset Management with over $1 billion from investors including $400 million backing from Leucadia National Corp. Kumin named the hedge fund after a hill of the same name on Nantucket where he has a summer home. He does not invest his own money, but has instead grown a reputation for identifying and recruiting talented traders.
In April 2018 Kumin announced that following a merger of Folger Hill and Schonfeld Strategic Advisors, he would take up a new role of Chief Strategic Officer at Leucadia Asset Management, LLC in September 2018. As of January 2020, Kumin had been promoted to the position of co-president at Leucadia Asset Management.
Specializing in buying proven established horses, Kumin has (and has had) a stake in a number of active and retired racehorses including Justify, Exaggerator, Lady Eli and Wavell Avenue and has been given credit for having "revolutionized the partnership concept." In addition to purchasing stakes in proven racehorses, Kumin has also repeatedly invested in yearlings such as Monomoy Girl and Lady Eli.
Kumin is involved in a number of stables and ownership groups including Head of Plains Partners LLC, Madaket Stables, Monomoy Stables, and Sheep Pond Partners. Kumin and his partners usually own around 100 horses at any given time; around 70–75% are fillies.
In a 2024 interview with Maxim magazine, Kumin commented that horse racing "has been a really, really good thing for my dad. He’s 82, and it’s given him a new lease on life."
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Sol Kumin
Sol Kumin (born 13 May 1975) is an American business leader, Thoroughbred racehorse owner and philanthropist. In May 2018, he became the first owner since 1952 to have both a Kentucky Oaks and a Kentucky Derby winner in the same weekend. He was a co-owner of Justify; winner of the Triple Crown. In Kumin's first decade of horseracing, through his horses at Madaket Stables, he won 92 Grade One races, 12 Breeders Cups, the Preakness Stakes three times and the Kentucky Derby twice.
The oldest of three siblings, Kumin grew up in Worcester, Massachusetts before moving to Boston at the age of 10. He was educated at the Fessenden School before attending St. Paul's School in Concord, New Hampshire. He went on to gain a BA in political science from Johns Hopkins University.
Kumin worked at Lazard Asset Management and Sanford Bernstein before joining SAC Capital, where his roles included Head of Business Development and subsequently Chief Operating Officer under Steve A. Cohen. Upon Kumin leaving in 2014, Cohen went on to say that Kumin had "been responsible for transforming our business development and investor relations functions and has helped create our global strategy and footprint. Without his tireless work, we would not have had a strong London presence or our current business in Asia."
After leaving SAC Capital in January 2014, Kumin started hedge fund Folger Hill Asset Management with over $1 billion from investors including $400 million backing from Leucadia National Corp. Kumin named the hedge fund after a hill of the same name on Nantucket where he has a summer home. He does not invest his own money, but has instead grown a reputation for identifying and recruiting talented traders.
In April 2018 Kumin announced that following a merger of Folger Hill and Schonfeld Strategic Advisors, he would take up a new role of Chief Strategic Officer at Leucadia Asset Management, LLC in September 2018. As of January 2020, Kumin had been promoted to the position of co-president at Leucadia Asset Management.
Specializing in buying proven established horses, Kumin has (and has had) a stake in a number of active and retired racehorses including Justify, Exaggerator, Lady Eli and Wavell Avenue and has been given credit for having "revolutionized the partnership concept." In addition to purchasing stakes in proven racehorses, Kumin has also repeatedly invested in yearlings such as Monomoy Girl and Lady Eli.
Kumin is involved in a number of stables and ownership groups including Head of Plains Partners LLC, Madaket Stables, Monomoy Stables, and Sheep Pond Partners. Kumin and his partners usually own around 100 horses at any given time; around 70–75% are fillies.
In a 2024 interview with Maxim magazine, Kumin commented that horse racing "has been a really, really good thing for my dad. He’s 82, and it’s given him a new lease on life."