Iron Man

September 04, 2012   Amanda Cantrell

Alec Litowitz has grown Magnetar to more than $9 billion.

   
  Alec Litowitz: “I like things that require physical and mental tests” (Photographs by Bob Stefko)
IN THE SPRING OF 2003, ALEC LITOWITZ had just left a lucrative, high-ranking position at one of the world’s best-known hedge fund firms, and he was stuck in a kind of professional limbo. In the course of severing ties with the firm, he had signed legal documents requiring him to take 21 months off before working in the hedge fund industry again.

Rather than spending the two years lounging about and pursuing leisurely activities, Litowitz set his sights on competing in the Ironman World Championship triathlon in Kailua-Kona, Hawaii. He trained for 16 months — working out intensely and competing in other triathlons, including an Ironman in Wisconsin — to build up his endurance to withstand the punishing distances: 26.2 miles of running, 112 miles of cycling and 2.4 miles of...

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