Reggie
Middleton
As a serial
entrepreneur and perpetual student, Reggie Middleton's unconventional
experience has given him the ability to recognize value, or
the lack thereof, well before much of the professional populace.
His ability to identify opportunity and his "out-the-box"
mind-set are due to years of entrepreneurial pursuits in insurance,
financial valuation/modeling, technology, media, and real
estate
After
attending Howard University in Washington, D.C. from which
he obtained a BBA in business management. Reggie returned
to NY and joined the ranks of Prudential Insurance, training
in financial product sales. Feeling constrained in his ability
to pursue institutional clients, he moved to a small securities
firm and became a series 7 broker. Again feeling constrained
in his ability to creatively pursue his ideas, in his early
twenties he struck out on his own and created margined mutual
fund timing programs for his own trading account. This was
the first in many unorthodox proprietary investment and risk
management strategies Mr. Middleton has created .with great
success
In the
early 1990s, Reggie, an entrepreneur in his early twenties,
entered the insurance and risk management field by brokering
insurance for entire municipalities and political subdivisions
on an exclusive basis. He also conceptualized, marketed, jointly
prepared and submitted LORIE (the Livery Organizations Reciprocal
Insurer Entity - a reciprocal insurer owned by the insureds)
- to the NYS insurance department for licensing.
Reggie
then formed Municipal Risk Management - a venture with a major
accounting/consulting firm to offer risk management, consulting
and brokerage services to small and medium sized municipalities.
Mr. Miiddleton
also pioneered derivative and structured product use in health
insurance via his concept, "Financial Re", a tax
advantaged, ERISA compliant, off shore financial reinsurer.
It was designed to securitize FASB 106 retirement medical
liability risk to be sold through the debt markets using Reggie's
own Max Notes' (option embedded notes linked to a proprietary
medical loss index). He recruited the assistance of partners
from the big five accounting and consulting firms for purposes
of validating and marketing Financial Re's derivative debt
securities. These securities (Max Notes) had near-zero correlation
to conventional equity and debt markets and as such were designed
to appeal to institutional investors looking to diversify
risk.
In the
midst of the DOT.com boom era, Reggie, a self-taught technology
buff and student in financial valuation, recognized opportunities
to incorporate his passions for technology and financial valuation
and transitioned to the distributed technology and media industries
Again, as an entrepreneur, Reggie created, marketed and sold
web-based, decision support and financial modeling systems
featuring file sharing, collaboration and team based productivity
for M&A, LBO, private equity and corporate valuation deals.
These high-end financial models, financial modeling techniques,
corporate valuation techniques, and methodologies quantitatively
captured the intangible assets from technology companies that
represented a significant portion of their value such as human
capital, brand value, viral marketing and network effects.
Reggie's modeling experience includes information technology
TCO/ROIC, LBO, M&A, private equity analysis and valuation,
financial derivatives, partnership valuation, real estate
analysis and valuation, derivative and structured product
engineering, and corporate valuation via proprietary economic
profit methodologies.
Mr. Middleton
was one of the early entrepreneurial dot.commers to adopt
the off shoring model, coding entire software platforms at
below market cost through engineering relationships with off
shore IT consulting shops & development sites in Bangalore,
India. In addition, he expanded this platform to a full featured
Application Service Provider platform, web-based office suite
and web-based collaborative knowledge sharing platform - known
as NuoMedia, which competed with Microsoft's Office suite
as a desktop office productivity solution. NuoMedia was the
first to market publicly available Web-based office productivity
suite and first to be introduced to the public through the
media (beating Microsoft and Sun Microsystems as seen in Reggie's
interview on CNNfn's Digital Jam, Sept. 1, 1999).
Mr. Middleton
began investing in residential real estate, sensing the boom
portion of the boom bust cycle in the year 2000. He engaged
in real estate investment/management, returning several multiples
of the broad market averages, approaching four digit returns
from 2000 to 2006.
Sensing
the top of the real estate market in 2004, Mr. Middleton started
liquidating his portfolio and searched for alternative assets
in which to invest. Failing to find any real assets worth
pursuing, he spent a year caring for his newborn daughter
while contemplating his next venture. In 2007, he opted to
start a private alternative investment fund consisting solely
of his own account, which could benefit from what he saw as
an extremely overpriced credit and real asset market entering
the bust phase of the boom-bust cycle. As a fine tuning of
his Boom Bust micro/macroeconomic investment methodology,
which was an extension of his technology and real estate investment
principals, he implemented these principals in his trading
account as a real-time demonstration while documenting them
publicly via the BoomBustBlog.com. The blog is a global macro
investment publication through which he freely publishes his
research, opinions, and reasoning behind his investment decisions.
Reggie's
Website: http://www.boombustblog.com
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