So, I got appointed to my first Advisory Board
Join the fun(d)
For the past two years, I have been publishing on a daily basis the analysis of actively managed ETFs with a high allocation in Tesla shares. It started with the ARK funds in February 2021, as I was curious to follow one of the big whales and tried to understand their strategies. In the summer of 2021, Ross Gerber’s GK ETF and Gary Black’s FFND ETF were added. And more recently VCAR, YALL and PP completed the picture.
Above, the daily ETF table, as of 12/31/2022, the end of a difficult year for all these ETFs.
As you can see in the disclosure line in the table, I decided in November 2021, about three months into the existence of Gary Black’s FFND, to purchase FFND shares and continued to do so regularly. FFND is today half of my IRA and outperformed my Tesla shares. (I hold exclusively Tesla shares in my 401k, and mostly Tesla shares in my trading account).
In December 2022, Gary asked me to join the company’s Advisory Board, and I accepted. My past experience as a fund manager, rating analyst, rating agency founder and entrepreneur give me some insight, and I hope my contributions will be helpful. (It also allows me to believe that I might sometimes tackle certain “catalyst ideas”, we’ll see whether that proves true 😉).
Gary and his business partner David Kalis are seasoned portfolio managers and their SEC-registered investment advisory firm Future Fund Advisors LLC (dba The Future Fund LLC) is today looking for investors. They are aiming to raise $5m non-voting membership units (the equivalent of 33% of the firm) in the next weeks, with a minimum investment of $10,000 per person.
This new capital will be used to expand the business with two new ETFs in the pipeline, and subsequently build infrastructure (sales, investment personnel, distribution expansion) and fund more working capital. The two new funds, in addition to FFND and the currently managed accounts, should lead the company to $1bn of AUM and operating profits in excess of $7.5m within the next five years.
The timing of this offer will spur the interest of Growth investors, who sense that a market pivot might just be around the corner. As always, carefully consider whether your financial situation permits you to participate in this kind of investment.
You can read all about it here, or even better participate in Gary’s and David’s webinar on Thursday, January 12th at 9am PST | 11am CT | noon EST | 18h Europe, reserve your seat here.
Awesome news! I am so happy for you! I knew something good was coming for you and for Gary. I can’t wait to see what this year brings for both of you. I will be intently listening to you both.