have played a major role in the hedge fund industry, according to Zuckerman (2009). Thus SAC Capital Advisors, Soros Fund Management, Och-Ziff Capital Management, GLG Partners Renaissance Technologies and Elliott Management Corporation are large hedge funds cofounded by Jews. They have also played a pivotal role in the private equity industry, co-founding some of the largest firms in the United States, such as Blackstone, Cerberus Capital Management, TPG Capital, BlackRock, Carlyle Group, Warburg Pincus, and KKR. Very few Jewish lawyers were hired by White Anglo-Saxon Protestant ("WASP") upscale white-shoe law firms, but they started their own. The WASP dominance in law ended when a number of major Jewish law firms attained elite status in dealing with top-ranked corporations. As late as 1950 there was not a single large Jewish law firm in New York City. However, by 1965 six of the 20 largest firms were Jewish; by 1980 four of the ten largest were Jewish. Federal Reserve Paul Warburg, one of the leading advocates of the establishment of a central bank in the United States and one of the first governors of the newly established Federal Reserve System, came from a prominent Jewish family in Germany. Since then, several Jews have served as chairmen of the Fed, including Eugene Meyer, Arthur F. Burns, Alan Greenspan, Ben Bernanke and Janet Yellen. Science, business, and academia With the Jewish penchant to be drawn to white collar professional jobs and having excelled at intellectual pursuits, many Jews have also become remarkably successful as an entrepreneurial and professional minority in the United States. Many Jewish family businesses that are passed down from one generation to the next serve as an asset, source of income and layer a strong financial groundwork for the family's overall socioeconomic prosperity. Within the Jewish American cultural sphere, Jewish Americans have also developed a strong culture of entrepreneurship, for excellence in entrepreneurship and engagement in business and commerce is highly prized in Jewish culture. American Jews have also been drawn to various disciplines within academia such as physics, sociology, economics, psychology, mathematics, philosophy and linguistics (see Secular Jewish culture for some of the causes), and have played a disproportionate role in numerous academic domains. Jewish American intellectuals such as Saul Bellow, Ayn Rand, Noam Chomsky, Thomas Friedman, and Elie Wiesel have made a major impact within mainstream American public life. Of American Nobel Prize winners, 37 percent have been Jewish