Saturday, April 23, 2011

GM Robert Hess makes headline on Bloomberg

Robert Hess, who interned at a hedge fund in 2008 and will attend Yale University in August, will try to see the future over the next seven days -- on a chessboard.

The 19-year-old grandmaster is alone atop his group in the first phase of the 2011 U.S. Championship in St. Louis, and has clinched a spot in the semifinals. In five months, he plans to use his chess skills to help study finance at Yale in New Haven, Connecticut, and join the likes of Harvard University economics professor Ken Rogoff as grandmasters to attend the university.

Hess, who deferred from Yale for a year to play chess full time, worked a 2008 summer internship at Fortress Investment Group LLC, a New York hedge fund. At Fortress, Hess analyzed entertainment stocks and developed an interest in finance.

Hess said finance is similar to chess, in that success depends on the ability to see the effective move out of a wide range of possibilities.
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