Red Acre applies value investing principles to mirco-cap and binary event investing. Our Chief Investment Officer is Rajesh Patel. Prior to Red Acre, Rajesh was a Member of Technical Staff with the Massachusetts Institute of Technology, (MIT) Lincoln Laboratory where he analyzed the strategic value of emerging technologies to enhance the capabilities of the U.S. Military. Rajesh holds a Ph.D. in Applied Physics from the University of California, Davis, a Master's in Environmental Science from Rice University and bachelors degrees in both Physics and English from the University of Connecticut. Red Acre's investment style is to look for opportunities where the intrinsic value of a stock is likely to go through a dramatic transition due to some future event about which we can predict an outcome relying on our research and due diligence experience. We are patient investors and are comfortable with having time horizons of several months to over a year for our investment thesis to fully play out.
Mr. Christenson serves as Chief Financial Officer of a Minnesota based health care organization. His previous vocational experience includes 3 years commercial banking experience, 3 years serving as Director of Finance at a medical device manufacturing company and 23 years as President and Chief Financial of a machine vision products manufacturing company. Mr. Christenson holds a B.A. in Economics from St. Olaf College and an M.B.A. in Finance from the University of Michigan.
I am a medical student interested in leveraging my health and medicine background in a future career in business. From an investing standpoint, I am primarily interested in value investing with a bit of a growth flavor. I am also interested in income investing.
I did my undergrad at MIT and then got an MBA from Columbia. There, I took a securities analysis course with John Burton, who went on to become chief accountant of the S.E.C. In Burton's class, we learned to intensively analyze a company's financial statements and especially the footnotes thereto. That served me well in my investment career, enabling me to avoid some bad investments that others around me were buying (Petro Lewis, Enron and Damon to name three). My first two years as an analyst were at the Old Colony Trust, where I analyzed public companies the first year and then did private placements the second year. The inside perspective I got from doing private placements was a critical part of my investment education. My next two years were at The Boston Company where I covered high tech, among other industries. After that I spent 17 years at Fidelity, first as an equity securities analyst and then managing the Fidelity High Income Fund and pension funds in the high-income bond style in the go-go years of 1981-1988. It was an exciting career with broad exposure to different securities, different industries to analyze, and different fund management styles.
I taught the introductory investments course for the Boston Security Analysts Society for over 20 years. My book, "Why Stocks Go Up and Down" (currently in 4th edition with co-author Patrick Gregory) is the outgrowth of that course. It is an in depth intro to investment fundamentals. It is not a about a system to beat the market, or an investment philosophy. But it will surely better prepare readers to get the most from such books.
I am retired now but still actively invest and still get a young analysts thrill from learning about new companies, new industries, and pitting my experience/wisdom against old man market. But my greatest interest is the political economy. What should government policies be to best encourage and support economic strength, and therefore prosperity for the greatest number of people. I expect to start a political/economic/investment blog in the not too distant future. When that is up, I will post the URL here