carol: we profiled andrew fredman, who was the brains behind for tree.: until he walked out the door. was founded by men and jeff tannenbaum. he founded it in 1994. it didn't start taking off until he tapped one of his former classmates from tulane, this guy named andrew fredman, to come and build it. takeses along in 2000 and this firm from being $300 million to $13 billion. carol: that's huge. >> it's really big. he is a really good investor. we were checking his returns versus the s&p or other relative value firms, or hedge funds at large, and he did beat them. he annualized 7.5% over his tenure. that is including some bad months when he wasn't there. we tried to take a full picture. he builds it, but he is not really the personality that you see often in investing. he stays in miami, florida. even though the headquarters are here in new york. this child of the 60's personality. he is obsessed with every trade that is put on. he is on the run the clock. he is styling up his analysts. he is involved in the culture in a very important way. even though j

tannenbaum and it did not take off until he tapped one of his former classmates, this guy named andrew fredmanman comes along in 2000 and takes this firm from being $300 million to $13 billion. carol: that's huge. >> it's been a. he is -- it is big. returnscomping his relative to other firms or hedge funds at large and he really did beat. he annualized 7.5% over his tenure, including bad months when he wasn't even there your he builds it, but he is not the personality that you see often in investing. he stays in miami florida, even though headquarters are here in new york. got this child of the 60's personality. assessed with every trade that is put on, he is on around-the-clock, dialing up analysts. he is involved in the culture in a very important way. even though jeff tannenbaum was the founder, fredman was the heart and soul of the firm. prime, steps away at his which is never see. he has his lottery ticket of throws away. he still got very rich, he was just kind of done in. >> we rarely see that, and it shocked everyone. you know they had a succession plan in place, a top lieutenant of hi

tannenbaum and it did not take off until he tapped one of his former classmates, this guy named andrew fredmanman comes along in 2000 and takes this firm from being $300 million to $13 billion. his track record is -- carol: that's huge. >> -- is really big. he is a very good investor. we were comping his returns relativee s&p or other value firms or hedge funds at large, and he really did beat. he annualized 7.5% over his tenure, including bad months when he wasn't even there, and we just try to take a full extra. he built it, but he is not the personality that you see often in investing. he stays in miami, florida, even though headquarters are here in new york. he kind of has got this child of the 1960's personality. he is obsessed with every trade that is put on, he is on around-the-clock, dialing up analysts. he is involved in the culture in a very important way. even though jeff tannenbaum was the founder, fredman was the heart and soul of the firm. unlike bill gross, who retired at 74, well past his prime, fredman steps away at his prime, which is never see. carol: early 50's? >> 53 years