Rick Rieder for what it means to manage $1.7 trillion.

Rick Rieder, chief executive of Black Rock's fixed-income unit, who runs $1.7 trillion. barely sleeping and has a stunning schedule. Its extensive research helps to inform BlackRock investment strategy, which includes many small but diverse investments.

Over the course of his 30-year career, Rieder has risen to the ranks of the world's largest investment banks, while spending a lot of time on charity.

Rick Rider says sleep is a waste of time and thinks getting up at 3:30 every business day and trading is one of the most exciting things to do.

The first thing Ryder does after opening his eyes is to check out his Bloomberg Terminal and check what's happening on the world markets. Then he literally scans Twiiter for the latest titles and checks his mail to be aware of what happened during the short slumber.

"I have a tendency to trade between 03:30 and 06:30 because markets tend to react too much in those hours, every day is really, really crazy, and there's really no minute to look at the market," Rieder says.

These first three hours are just warming up for Rieder daily schedule. It hosts the weekly seminar in Asia, which is held every Monday at 06:30. Then at 06:55 the day-to-day events of the company begin and continue until 11:00 when Rieder organizes a meeting to discuss all the macro news on the company's portfolio.

Rider's schedule continues this way throughout the week, starting with broad discussions on the strategy as a key to the successful investment model in BlackRock.

One weekend a month, both on Saturdays and Sundays, Rieder wakes up at 4am and works until 6pm, spending this time over the graphs to crystallize the overall picture of the markets.

After such a schedule, you probably think that when it comes to rest, it is complete. Yes it is, but "complete rest" is something very different for every person.

"When I'm on holiday, I will read research papers and business books all the time," says Ridder.

Source: Bloomberg

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