'Every day is truly insane': Why BlackRock's $1.7 trillion bond chief gets up at 3:30 a.m.

Business Insider | 12/1/2017 | Joe Ciolli
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Rick Rieder, the chief investment officer of fixed income at BlackRock who oversees $1.7 trillion, barely sleeps and has an extremely demanding schedule.

His extensive research helps inform an investment strategy that involves making a huge number of small but diversified bets.

Career - Rieder - Ranks - Employers - Time

Over his 30-year career, Rieder has risen through the ranks of his many employers, all while finding time to do a good deal of charitable work.

Rick Rieder thinks sleeping is a waste of time, so he wakes up at 3:30 every workday and gets right down to business.

Rieder - Investment - Officer - Income - BlackRock

Rieder is responsible for $1.7 trillion as the chief investment officer of fixed income at BlackRock, and he isn't keen to let anyone outwork him. And while Rieder's wake-up time is just one example of the commitment required to be an investment chief at the world's largest money manager, it does set the tone for a jam-packed daily schedule.

The first thing Rieder does on waking is check his Bloomberg terminal to see what's happening in global markets. Then he hits Twitter and scans for the latest headlines and expert punditry. After that he checks his email to catch up on what transpired during his brief slumber. He also trades heavily, because there's still money to be made while so much of the world is awake and moving markets.

Lot - Am - Markets - Hours - Rieder

"I tend to trade a lot between 3:30 a.m. and 6:30 a.m. because markets tend to overreact in those hours," Rieder said. "Every day is truly insane. There's not a minute when I don't have my eye on the markets."

Those first three hours are a mere warm-up for Rieder's daily gauntlet of calls and meetings.

Call - Team - Monday - Am - Events

He hosts a weekly call with his Asia-based team every Monday at 6:30 a.m. That's followed by a "daily events" call at 6:55, which includes everyone on his teams around the world....
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