Teenager out to mark territory in hedge fund space; AUM: low thousands, but growing

From the WSJ weekend edition (In case you miss it, Brandon Conley is 14): 

pt-af735_cover__20070622165516.jpgBrandon Conley opens his weekly Wednesday 7:30 a.m. conference call with a briefing of news items affecting the portfolio of his fund, Mariner Investment Advisers.

Listening in on the call are his investment analysts, 17-year-old David White-Goode and 13-year-old Jeremy Hitotsubashi. Brandon himself is 14. David, who covers the defense and aeronautics industry, gives an update on Northrop Grumman, emphasizing its strong position as a shipbuilder. His recommendation: A buy.

Along with semiweekly conference calls, Brandon holds weekly meetings, often at Starbucks after chess class on Fridays, to discuss investing strategy with his three employees. None of them have been paid yet, but Brandon plans on paying each of them a percentage of profits, plus bonuses based on their research. He also plans on adding staff. “
I will probably take a couple more employees to specifically handle trading and an IT manager,” says Brandon. “Right now, I do all the trading.”

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