Mr. Axler is Founding Partner of Spruce Point Capital Management, a long/short hedge fund. Mr. Axler is also the co-founder of Prescience Point Research Group. Mr. Axler is an activist short-seller, forensic financial researcher, and has exposed over $1.0 billion of alleged listed frauds on Nasdaq and the NYSE. Prior to founding his company in 2009, Mr. Axler spent eight years as an investment banker with Credit Suisse and Barclays Capital where he structured and executed billions of dollars of financing, derivative risk management, and M&A deals for leading Fortune 500 clients. Prior to starting Spruce Point, Mr. Axler was an Associate Director at Barclays Capital in the Diversified Industrials Group. Mr. Axler started his career with Credit Suisse in 2000, where he held roles with the Financial Strategy, Corporate Risk Management, and M&A groups.
Mr. Axler is a contributing writer to Seeking Alpha, and was profiled in the book "The Happiness Advantage: The Seven Principles of Positive Psychology That Fuel Success and Performance at Work." Mr. Axler's short research has been profiled by the National Bureau of Economic Research (NBER) in an analysis entitled "How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation," and shown to produce superior investment returns. In addition, according to a research study from Sumzero analyzing 12,000 analysts recommendations since 2009, Mr. Axler is the top ranking short-seller.
Mr. Axler graduated from Yale University with a masters degree in Statistics, and received both a Bachelor of Arts degree in Statistics and a Bachelor of Science in Marketing and Business Administration from Rutgers College, where he graduated with Summa Cum Laude and Phi Beta Kappa honors.
Fund manager Eddy Elfenbein writes Crossing Wall Street (http://www.crossingwallstreet.com/). He comments on a range of stocks (many of which he owns) and market trends. His work is funny, pithy, rigorous and original.
Eddy's philosophy: 'The key to doing well on Wall Street is actually very simple: Buy and hold shares of outstanding companies. But too many investors never learn this valuable lesson. Or if they do learn it, they learn it the hard way. That's where I come in. I want to help investors avoid the mistakes that separate successful investors from those who always find themselves spinning their wheels.'
Visit: Crossing Wall Street (http://www.crossingwallstreet.com/)
Will Handke is an investor and entrepreneur who currently resides in his home state of Minnesota. He is a recent graduate of Georgetown University, where he majored in American Studies and minored in Theology.
Will’s introduction to the world of investing was largely incidental. When he was in his early teen years, Will, like many young men his age, would attempt to woo his schoolmate crushes via the revolutionary piece of software that was AOL Instant Messenger – a communication medium that was monumentally genius in its creation, insofar as it made it far easier for thirteen-year-olds to end their two-week long relationships. The early versions of AOL Instant Messenger featured a rolling stock ticker that displayed the prices of several market indices, as well as the prices of various stocks. One of these stocks was Apple, Inc., which, at the time (Summer ’99), was trading at a meager $12 per share. “That seems cheap!” Will thought to himself as he chatted away on his shiny iMac computer. Thus, while Will’s schoolmate crushes went un-wooed, he had found his first stock pick.
Will took his investment idea to his mother and firmly requested that what little savings he had be invested in Apple. His pitch was stupendously brilliant in its simplicity: “We use Apple computers. Apple computers are good. Because Apple’s computers are good, Apple’s stock must be good. Therefore, I want to buy Apple’s stock.” Will’s mother – surprisingly unmoved by her son’s highly cogent reasoning – denied the request.
The next chapter of Will’s investing career began much later, in September of 2007. Will’s timing for putting his feet into the waters of the markets could not have been better. On the day that he opened his investment account, the S&P 500 closed at 1529 – just shy of its five-year highs. Moreover, the majority of market prognosticators promised nothing but a solid fall harvest of stock gains.
In the short-term, Will’s portfolio, flush with the stocks of company’s that he well knew, but certainly did not know well, outperformed. Dreams of stock-market-made fame and wealth inundated his mind. Who knew the hangover from these dreams could hurt so much and last so long?
The market malaise that began in the waning months of 2007 would definitively prove two things: First, Rudyard Kipling was far more than a great poet. Second, Will Handke was far less than a bad investor. As Rudyard’s Gods of the market tumbled, and Will’s portfolio look hernia-inducing losses, the latter promised himself that he would actually try to learn something about investing. The process of self-education that Will then began is still ongoing, and, he prays, will never end.
The results and the reports from that process will be featured here, at this blog. Will entertains few fanciful expectations that others might read of it, or gain from it, but if it helps one soul work through their investing experience as much as he hopes that it will help him work through his – why it would make him all the merrier.
Will's writes a blog about investing at http://www.thedeliberateinvestor.com
Other Random Tidbits of Information:
In addition to investing, Will partakes in a number of regular activities. They include: pursuing a full-time job, PC and console gaming, maintaining his personal fitness, trying to learn Mandarin Chinese, dancing when no one is looking, and running a small business.
Will holds the NASAA Series 63 & 65 licenses.
Andy Zaky is a Hedge Fund Manager at Bullish Cross Asset Management, and editor of the Bullish Cross financial newsletter. His main area of knowledge is in global macro economics, fundamental analysis and technical analysis. Andy has about 14 years of investment experience, a strong background in accounting and financial statement analysis, technical analysis, broad market analysis, macro economics and law. Andy both focuses on long term investments and trading short term calls and puts on the major index-pegged ETFs (QQQQ, SPY and DIA). Andy has a J.D. from the UCLA School of Law.