Paul Mampilly used to be a star trader on Wall Street. Starting in 1991 in the financial industry he quickly advanced in the industry due to his ability to thoroughly research companies and decide which offered the greatest opportunity for large returns. His first position came in 1991 when he worked for the financial firm Bankers Trust as one of their assistant portfolio managers. His success fueled a rapid rise and soon he worked at much higher positions for companies such as ING and Deutsche Bank where he was responsible for managing accounts that were valued in millions of dollars.
It was in 2006 that he joined Kinetics Asset Management. He was hired by this firm in order to manage their hedge fund. Through his acumen in picking stocks, the hedge fund grew in value from $6 million to $25 billion in assets under management. His success was recognized by Barron’s who recognized this hedge fund as one of the best in the world due to its incredibly strong 26% average annual returns.
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Paul Mampilly eventually grew tired of Wall Street. While he loves the financial industry he didn’t like the rapid pace. He also really didn’t like using his investing skills to only make money for the richest 1% of Americans. For these reasons, he left Wall Street and moved to Durham, North Carolina. He established a consulting firm in 2013 named Capuchin Consulting which is focused on providing his stock picking skills to the average investor instead of the top 1% of wealthy people. He offers a monthly newsletter called Profits Unlimited which is published every month since the middle of 2016. The stocks he has advised people to buy have experienced phenomenal growth which has resulted in a 47% return since then compared to the return of the S&P 500 which is 17%.
Later in 2017, Paul Mampilly intends to expand his advice giving by launching another research service, True Momentum. This will expand upon the advice he gives people about which companies to invest in. He focuses on small and mid-sized companies which he sees as offering fantastic growth.