Christopher Tsai

Christopher Tsai
Born Christopher Tsai
(1974-12-20) December 20, 1974
Greenwich, Connecticut, United States
Alma mater Middlebury College (B.A. Philosophy, International Politics)
Occupation Investor, hedge fund manager
President and Chief Investment Officer, Tsai Capital
Board member of untapt[1][2]
Spouse(s) André Stockamp[3]
Children 2
Parent(s) Gerald Tsai
Marlyn C. Tsai
Website Tsai Capital

Christopher Tsai is a Chinese-American businessman and investment manager.[4][5] Tsai is currently the President and Chief Investment Officer of Tsai Capital Corporation, a New York-based investment management firm.[6]

Early life and education

Tsai was born in 1974 in Greenwich, Connecticut to Gerald Tsai, a billionaire investor and philanthropist credited with building Fidelity Investments into a mutual fund powerhouse.[7] He was exposed to finance at an early age, analyzing investment opportunities for the family and its foundation. When he was 11 years of age, Tsai took $100 that he earned from gardening chores and invested into an insurance company.[8] Tsai earned a $25 profit, which hooked him on finance and investing.[8] Tsai convinced his broker to waive the commission on the trade. In his teens, Tsai regularly read The Wall Street Journal and Value Line to help educate himself, worked at TD Waterhouse, interned at GAMCO Investors and studied at the New York Institute of Finance.[8] Tsai attended Brunswick School in Greenwich, Connecticut and graduated in 1993. At the age of 18, Tsai attended Middlebury College, where he majored in Philosophy and International Politics, graduating with a Bachelor of Arts degree.[7][9]

Career

Tsai gained his first client at the age of 16 when he convinced a Chinese restaurateur to give him $400,000 to invest, an amount which represented almost all of the investor's liquid savings.[10] Tsai multiplied the investment several fold and used the capital from his profit along with family capital to start Tsai Capital in 1997 at the age of 22.[8][10] Operating as an SEC-registered investment adviser, Tsai Capital is a long-term oriented, global equity manager that focuses on high-quality, growth companies. Tsai is the President and Chief Investment Officer of the company and also serves as Chairperson of the company's advisory committee.[9]

Tsai credits his investment philosophies to a fishing trip with his father during which the elder Tsai told him, “You can't do that. You have to have the wind behind you just like in investing. You want to position yourself with the wind at your back,” a lesson that he states has stuck with him today.[10] He also attributes the works of Benjamin Graham such as The Intelligent Investor and Philip Arthur Fisher’s Common Stocks And Uncommon Profits as influences on his investment philosophy.[10]

As a result of his visibility in the financial industry, Tsai has been consulted by media outlets including Bloomberg Businessweek and CNBC to opine on various financial topics.[11][12] Issues he has spoken on include the purchasing power of the Asian middle-class (which has increased due to population growth), the risks associated with variable interest entities, and the largely retail-driven, speculative nature of the Shanghai Stock Exchange.[11][12][13][14][15]

Tsai began a new venture in 2014 when he launched Tsai Ventures, the seed and early stage venture capital arm of Tsai Capital.[10] In April 2015, Tsai led a $3 million Series A Preferred Stock financing for untapt inc. and was appointed to the company’s board of directors.[1]

Personal life

In addition to Tsai being the son of a famous investor, his grandmother, Ruth Tsai, was a pioneer for women in Shanghai.[10] During World War II, she was the only woman to trade on the floor of the Shanghai Stock Exchange until Japanese troops occupied the Shanghai International Settlement on December 8, 1941 and trading was abruptly halted.[10] Tsai is married to André Stockamp.[3]

See also

References

  1. 1 2 "Untapt Closes $3M In Series A Financing". FinSMEs. 21 April 2015. Retrieved 22 April 2015.
  2. ↑ "This Startup Found an Untapped Market and Raised $3 Million". AlleyWatch. 4 June 2015. Retrieved 8 June 2015.
  3. 1 2 Gerlis, Melanie (14 May 2014). "Collector wants to open first Ai Weiwei museum". The Art Newspaper. Retrieved 5 December 2014.
  4. ↑ Vujovich, Dian (11 March 2015). "Tsai Capital founder discusses growth of Passport SMA". Palm Beach Daily. Retrieved 9 April 2015.
  5. ↑ "China Becoming a Major Player in International Art World". Miami Herald. Retrieved 25 August 2015.
  6. ↑ Tran, Huang (18 June 2014). "Hedge Fund Shorting Emerging Markets". ETF.com. Retrieved 30 July 2015.
  7. 1 2 Martin, Neil A. (23 August 2014). "Not Hist Father's Style". Barrons. Retrieved 5 December 2014.
  8. 1 2 3 4 Gupte, Pranay (20 July 2005). "TheTsai Method of Selection: Stick to the Fundamentals". The New York Sun. Retrieved 5 December 2014.
  9. 1 2 Elliot, Hannah (30 June 2014). "At Home With The World's Biggest Ai Weiwei Collector: 'He Is Still Vastly Undervalued'". Forbes Life. Retrieved 5 December 2014.
  10. 1 2 3 4 5 6 7 La Roche, Julia (11 February 2014). "Meet The Hedge Funder Whose Finance Roots Date Back To The Shanghai Stock Exchange During WWII". The Business Insider. Retrieved 5 December 2014.
  11. 1 2 Melloy, John (8 July 2015). "China Crash Underscores Risk for US Investors". CNBC.com. Retrieved 9 July 2015.
  12. 1 2 Massar, Carol; McKee, Michael (8 October 2014). "Taking Stock: Investing in Asia, FOMC Minutes". Bloomberg Businessweek. Retrieved 5 December 2014.
  13. ↑ Blumenthal, Robin (30 May 2015). "They Said What". Barrons.com. Retrieved 5 December 2014.
  14. ↑ Dennin, James (23 June 2014). "A long-term approach: Christopher Tsai on investing in Asia". Nasdaq.com. Retrieved 5 December 2014.
  15. ↑ Samarotto, Gina (Spring 2015). "Modern Alchemy". Private Air. Retrieved 9 April 2015.

External links

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