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Alternative Market Briefing

Young Detroit investor launches quantitative relative value hedge fund

Thursday, May 25, 2017

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Andrew Middlebrooks
Benedicte Gravrand, Opalesque Geneva for New Managers:

This hedge fund manager may be only 25 years old, but he has been investing since the age of seven, when his father started offering him stocks for his birthday and Christmas. Andrew Middlebrooks didn't really understand what a stock was at the time, so his father explained to him that a company is like a sports team and a stock was being an owner of that team.

"At that time, my favourite players in the world were Ken Griffey Jr. and Michael Jordan, who were both sponsored by Nike," he told Opalesque. "I purchased Nike at $6.25 and then I sold it in 2009 in my senior year in high school for a gain of 710%. Since then I have been really hooked on the market, and I have been trying to continually get better and improve my investment principles and strategy."

He realised he could improve his returns by turning all the lessons he had learned into principles. Which he then translated into computer algorithms.

After the Nike stock sale, he continued investing his own money and developed a framework for his process and models, that ultimately evolved into his proprietary research system called GLM Analytics. It is, he says, similar to driving with a GPS; "I am in charge of the car but having an automated system guiding me along has been really invaluable. It learns as I learn, and it really gives me more insight into op......................

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