Dan Niles

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Dan Niles
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Born
Daniel T. Niles

(1967-06-29) June 29, 1967 (age 55)
Sri Lanka
NationalityAmerican
CitizenshipUnited States
Education
  • B.S.
  • M.S.
Alma mater
  • Stanford University
  • Boston University
OccupationHedge fund manager
Known for
  • Founder and managing partner of AlphaOne Capital Partners[1]
  • Portfolio Manager and Founder of the Satori Fund[1]
  • Predicting Coronavirus Stock Market Collapse of 2020[2]
Websitewww.danniles.com

Dan Niles (born June 29, 1967) is an American hedge fund manager, former equity researcher, and former electrical engineer.[3]

Early life and education

Before the beginning of his Wall Street career, Niles was an engineer at Digital Equipment Corporation.[3] An engineer by training, Niles received a BS in Systems Engineering from Boston University and a MS in Electrical Engineering from Stanford University.[3]

Wall Street career

Beginning his Wall Street career in 1990, Niles worked as an investment banker at Robertson Stephens from 1990 to 1994.[3] He then switched to becoming a sell-side semiconductor and computer hardware research analyst at Robertson Stephens from 1994 to 2000.[3] Niles eventually left Robertson Stephens and joined Lehman Brothers in May of 2000.[1] He served as the senior sell-side equity research analyst covering computer hardware and semiconductors.[1] He then launched the Satori Fund in March of 2004. His fund was awarded the “Best Newcomer” award at the MARHedge US Performance Awards in 2006.[1] From 2004 until 2009, Niles served as Managing Director at Neuberger Berman, Inc., and the Chief Executive Officer of Neuberger Berman Technology Management, LLC, the former general partner of the Satori Fund.[1] After Lehman Brothers collapsed, Dan Niles would go on to become a founding partner at AlphaOne Capital Partners.[1]

Notable calls

As an analyst, Niles made a call on Dell missing their first quarter in nearly a decade in early 2001, which earned him the nickname in the community as "the Michael Jordan [of] Technology Stock Analysts".[4] As an investor, Niles has also made several high-profile calls regarding regarding Facebook’s disastrous IPO in 2012,[5] Apple’s negative pre-announcement of earnings in 2018,[6] and the Stock Market Crash of 2020 that was caused by COVID-19 and the Russian-Saudi Oil Price War.[7][2][8][9]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "FBN TV Personalities". Fox Business.
  2. 2.0 2.1 Guzman, Zack (April 2, 2020). "Investor who called coronavirus collapse: Stocks aren't even close to a bottom". Yahoo Finance. Retrieved 3 April 2020.
  3. 3.0 3.1 3.2 3.3 3.4 "Dan Niles". CNBC. September 10, 2015.
  4. Wyatt, Edward (February 18, 1999). "Some Detected Warning Signs On Dell's Sales". New York Times. Retrieved 31 March 2020.
  5. Bartiromo, Maria (June 18, 2012). "Bartiromo: Fund manager Dan Niles won by betting against Facebook". USA Today. Retrieved 31 March 2020.
  6. Clifford, Tyler (November 12, 2018). "AlphaOne's Dan Niles: 'Things are running worse' than expected for Apple". CNBC. Retrieved March 31, 2020.
  7. "Managing positions due to concerns regarding coronavirus". CNBC. CNBC. Retrieved 31 March 2020.
  8. Langlois, Shawn (April 4, 2020). "He nailed the March coronavirus selloff". No. The Tell. MarketWatch. Retrieved 5 April 2020.
  9. "Market sell-off not overdone on long-term basis: Dan Niles". CNBC. March 12, 2020. Retrieved March 31, 2020.

External Links

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