Todd Harrison

Last updated
Todd Harrison
Occupation(s)Founder and CEO of Minyanville

Todd Harrison is the founder and former CEO of the Emmy Award-winning internet media company Minyanville.

Contents

Biography

Wall Street Career

Todd Harrison optioned out of a two-decade ascent toward the upper echelons of Wall Street leadership to found Minyanville, a website dedicated to financial education and related projects, such as the Ruby Peck Foundation for Children's Education which supports learning through creative education. [1]

Harrison finished as vice president after a seven-year stint (1992–1998) on the worldwide equity derivative desk at Morgan Stanley, went on to become Managing Director of Derivatives at The Galleon Group, and completed his Wall Street career as President of the $400 million hedge fund, Cramer Berkowitz, and writer for TheStreet.com.[ citation needed ] He became CEO of the Minyanville internet media company founded in 2003. [2]

The Other Side of Wall Street: In Business it Pays to Be an Animal, In Life It Pays to Be Yourself (2011: FT Press) was written by Harrison to relate the story of how and why he left a lucrative career in trading and finance to create a company dedicated to informing both Wall Street professionals and the general public about the complexities, trends and harsh realities of the stock market. [3]

Harrison has appeared on Fox, CNBC, CNN, Bloomberg TV and in The Wall Street Journal , BusinessWeek , The New York Times , Worth , Fortune , Barron's , Dow Jones MarketWatch, New York and Canada's National Post , and contributed articles to various market-related publications. [4]

Numerous academic institutions, such as Harvard University, Syracuse University, New York University, and the Wharton School of the University of Pennsylvania, have hosted Harrison's lectures and presentations. He was featured in the 20th anniversary documentary of Oliver Stone's Wall Street. [5]

In 2008 Harrison received an Emmy Award from The National Academy of Television Arts & Sciences for serving as executive producer of Minyanville's World In Review, television's first animated business news show.[ citation needed ]

Minyanville & Ruby Peck Foundation

Minyanville Media, Inc. has four business lines; dot.com properties include Minyanville, which produces and curates original content that is syndicated throughout the web, including Yahoo Finance, MSN Money, and AOL Money and Finance.[ citation needed ] MV Professional Products licenses content to enterprise partners and provides a suite of subscription products for consumers.[ citation needed ] Minyanville Studios produces original content, both for its flagship website and for third-party enterprise clients.[ citation needed ] MV Gaming consists of a massive multi-player online game. Minyanland.com is geared toward the financial education of 8- to 12-year-old children. [6]

Since its inception, the Ruby Peck Foundation for Children's Education has provided grants to support projects such as Junior Achievement of New York's entrepreneurial education program, New York's Children's Aid Society and music programs sponsored by the organization Little Kids Rock.[ citation needed ] The Ruby Peck Foundation raises money through individual and corporate donations, and its annual "Festivus" party, a combination Wall Street get-together, holiday party and rock concert, held annually in December. [7]

CB1 Capital

Harrison founded CB1 Capital in 2017. CB1 Capital is a long-short healthcare hedge fund that intends to invest in the universe of stocks and industries that focus on cannabinoid-based solutions and other cannabis-based bio-pharmaceutical applications and therapies. [8]

Related Research Articles

<span class="mw-page-title-main">Investment banking</span> Type of financial services company

Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

<span class="mw-page-title-main">D. E. Shaw & Co.</span> U.S.-based investment management firm

D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments. In 2023, Forbes reported that among hedge funds, D. E. Shaw had delivered the third-highest returns in the world since its inception.

<span class="mw-page-title-main">Steve Cohen (businessman)</span> American hedge fund manager, sports team owner (born 1956)

Steven A. Cohen is an American hedge fund manager and owner of the New York Mets of Major League Baseball since September 14, 2020, owning roughly 97.2% of the team. He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors, which closed after pleading guilty to insider trading and other financial crimes.

<span class="mw-page-title-main">VIX</span> Volatility index

VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge.

<span class="mw-page-title-main">Museum of American Finance</span> Finance museum; Smithsonian Institution affiliate in New York City, United States

The Museum of American Finance is the United States's only independent public museum dedicated to preserving, exhibiting and teaching about American finance and financial history. Located in the Financial District in Manhattan, New York City, it is an affiliate of the Smithsonian Institution. It is a tax-exempt 501(c)(3) organization chartered by the Board of Regents of the New York State Department of Education. With education at the core of its mission, it is an active national-level advocate on behalf of financial literacy.

Minyanville Media, Inc. was an Internet-based financial media and publishing company.

<span class="mw-page-title-main">Bill Ackman</span> Billionaire American hedge fund manager and investor

William Albert Ackman is an American billionaire hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2023, Ackman's net worth was estimated at $3.5 billion by Forbes.

<span class="mw-page-title-main">Ray Dalio</span> American billionaire hedge fund manager

Raymond Thomas Dalio is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.

<span class="mw-page-title-main">Denise Shull</span> American neuroeconomist (born 1959)

Denise Kay Shull is a performance coach who uses neuroeconomics and modern psychoanalysis in her work with hedge funds and professional athletes. She is also the founder of The ReThink Group. Shull focuses on the positive contribution of feelings and emotion in high-pressure decisions. She is the author of Market Mind Games which explains how Wall Street traders act out Freudian transferences in reaction to market moves. Shull postulates that human perception contains fractal elements in the same manner as the fractal geometry of nature.

<span class="mw-page-title-main">Zero Hedge</span> Far-right libertarian financial blog

Zero Hedge is a far-right libertarian financial blog and news aggregator. Zero Hedge, per its motto, is bearish in its investment outlook and analysis, often deriving from its adherence to the Austrian School of economics and credit cycles. While often labeled as a financial permabear, Zero Hedge has also been described as a source of "cutting-edge news, rumors and gossip in the financial industry".

Magnetar Capital is a hedge fund based in Evanston, Illinois. The firm was founded in 2005 and invests in fixed-income, energy, quantitative, and event-driven strategies. The firm was actively involved in the collateralized debt obligation (CDO) market during the 2006–2007 period. In some articles critical of Magnetar Capital, the firm's arbitrage strategy for CDOs is described as the "Magnetar trade".

<span class="mw-page-title-main">Paulson & Co.</span> American investment management firm

Paulson & Co. Inc. is a family office based in New York City, previously it was a hedge fund established by John Paulson in 1994. It specializing in "global merger, event arbitrage and credit strategies", the firm had a relatively low profile on Wall Street until its hugely successful bet against the subprime mortgage market in 2007. At one time the company had offices in London and Dublin.

<i>The Quants</i> 2010 book by Scott Patterson

The Quants is the debut New York Times best selling book by Wall Street journalist Scott Patterson. It was released on February 2, 2010 by Crown Business. The book describes the world of quantitative analysis and the various hedge funds that use the technique. Two years later, Patterson published a follow-up book, Dark Pools: High Speed Traders, AI Bandits and the Threat to the Global Financial System, an investigative journey into the history of high-frequency trading and the spread of artificial intelligence in today’s markets.

Boaz Weinstein is an American hedge fund manager and founder of Saba Capital Management. He rose to prominence at Deutsche Bank in the early and mid 2000s with his credit default swap and capital structure arbitrage trading strategies. He then formed a proprietary trading group within Deutsche Bank. After leaving the bank in 2009, Weinstein started Saba Capital Management as a separate hedge fund. As of September 2022, Saba manages $4.8 billion in assets.

John P. Costas is an American businessman, banker, and trader. He is the former chairman and CEO of UBS Investment Bank, where he oversaw the growth of the Swiss bank's investment banking franchise globally from 2000 to 2005. From 2005 through 2007, Costas was the chairman and CEO of Dillon Read Capital Management, a UBS proprietary trading unit and alternatives management company.

Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative structuring or pricing, risk management, investment management and other related finance occupations. The occupation is similar to those in industrial mathematics in other industries. The process usually consists of searching vast databases for patterns, such as correlations among liquid assets or price-movement patterns.

T3 Live is an online financial media network and educational platform that provides active traders with market analysis, real-time access to strategies, and training from professionals. It was founded in 2007.

<i>Money for Nothing: Inside the Federal Reserve</i> 2013 American film

Money for Nothing: Inside the Federal Reserve is an independent feature-length American documentary about the Federal Reserve written and directed by Jim Bruce, and narrated by Liev Schreiber. It examines 100 years of the Federal Reserve's history, and discusses its actions and repercussions the US economy leading to the late-2000s financial crisis. Bruce believes "a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank". The film features interviews with Paul Volcker and Janet Yellen as well as current and former Federal Reserve officials, top economists, financial historians, famous investors, and traders who provide insight on the Federal Reserve System.

Jason Goepfert is an American researcher and columnist focused on the development of behavioral finance. Prior to founding Sundial Capital Research, he was the manager of back office operations for Deephaven Capital Management, a Minnesota-based hedge fund, and Wells Fargo's online brokerage unit.

References

  1. "Your Trading Edge". Archived from the original on 5 May 2013. Retrieved 1 December 2011.
  2. West, Melanie Grayce (January 17, 2012). "Love of Learning Lives on". The Wall Street Journal. Retrieved 4 October 2023.
  3. Braverman, Edmundo (13 June 2011). "Book Review: The Other Side of Wall Street" . Retrieved 4 October 2023.
  4. "Personal Journey Animal Trade". Business Insider. June 27, 2011. Archived from the original on 2013-01-18. Retrieved 2012-05-08.
  5. SmartMoney, June 24, 2011
  6. Minyanville
  7. MediaPostNews, February 10, 2010
  8. "The Investing Parallels of Alcohol and Marijuana". Bloomberg.com. 18 April 2017.