Hudson Cashdan Analyst for IPO Speculator
With an investment career spanning across seed capital to venture to mid-market private equity and, eventually, on to public markets — Hudson Cashdan likes to think of himself as a financial renaissance man.
His financial fire was set ablaze the moment he set foot in his first economics class in college. He’d always been fascinated by the interaction of policy and markets.
He graduated college in 2000 with an Economics degree — right at the tail end of the dot-com bubble — which was also the tail end of the electronic trading disruption.
E-trading democratized access to the markets. It allowed more firms to access the markets from right where they stood.
So, in 2001, he started his career on Wall Street. He jumped in headfirst as part of a proprietary trading desk with World Co. and later Carlin Equities.
He had all of his skin in the game. He worked both nights and weekends at a pizzeria, went to grad school at New York University twice a week, put down his own capital and learned tough yet valuable lessons on how to manage risks.
From there, he was recruited to work as a junior equity analyst for a small international long-short hedge fund firm called Reach Capital Management.
In his six-year tenure at Reach, he grew the fund from a mere few-hundred million into a $3.5 billion AUM business. In 2007, his fund was recognized by Barron’s as one of the top 50 hedge funds.
Within three years, he’d moved up in the ranks as a senior analyst and portfolio manager, leading the Asia and Emerging Markets portion of his global fund.
After nearly a decade in the money management business, he’d become disillusioned by Wall Street’s misaligned incentives.
With a bird’s eye view into the inner workings of capital markets, he saw how warped incentives at major institutions created risks that ended up being born by the taxpayers. So, he left.
He turned his back on Wall Street for good. And, instead, he spent two years in a middle-market private equity advisory called Glenwood Capital. There, he helped entrepreneurs — many family-owned businesses — grow their companies, and quickly noticed the chasm between public and private equity.
Where investors in public companies deal with professional managers, middle-market private equity clients and targets are often entrepreneurs with decades of their sweat, pride and much of their family wealth tied to their business.
In his personal investing, he also began putting capital into seed-stage companies, where he applied the same lessons he gathered from public markets and private equity in helping them structure their strategic businesses and financial plans.
Those entrepreneurs taught him the grit and determination that it takes to spin an idea into both a sustainable and incredibly profitable business.
He’s thrilled to work alongside Wall Street legend Paul Mampilly to help Main Street investors make money in the initial public offering market, as an analyst for IPO Speculator.