In the ever-evolving world of asset management, it’s paramount to continuously seek fresh perspectives and innovative insights. This is why we’re incredibly excited to introduce a dynamic new figure into the Abudance Asset Management family: Andrew Rosenberg, our latest Co-GP. Andrew’s journey in finance began at the tender age of 13 and has since spanned numerous milestones and roles. In our latest exclusive interview, we dive deep into his experiences, views, and what he envisions for Abundance Asset Management’s future. Read on to learn about the man set to bring new dynamism to AAM.
Can you walk us through your professional journey? What led you to the world of asset management?
“I bought my first stock at the age of 13 as part of Bar Mitzvah gift in which the ladies stipulated that I buy a stock based on my own research. I interned with several financial firms during college, took a corporate finance position upon graduation and then the 2000 Tech Collapse happened.“
As an investor in over 30+ Limited Partner Syndication deals, it became clear that I was ready to switch sides from being passive to active.“
What are some key achievements or milestones in your career that you’re particularly proud of?
“Graduating with the Summa Cum Laude distinction from Babson College as an undergraduate, earning a master’s degree while working at a tech company in financial leadership development program and being a fourth generation entrepreneur are some to the things are particularly proud of.“
What other financial institutions or funds have you collaborated with previously?
“During College I interned with Morgan Stanley, Pacific Income Advisors (a boutique asset manager of pensions funds) and FirstCall (nka Thompson One Analytics).“
How do you view the current trends in the asset management world? What, according to you, is the next ‘big thing’?
“Unfortunately, investors seem to be making two mistakes: chasing returns without adjusting for risk and chasing “shiny” objects.
For better or worse A.I, artificial intelligence, will be the next “Big Thing.”
As the new Co-GP at Abundance Asset Management, what are your primary responsibilities?
“Rasing the Fund’s AUM, assets under management, through engaging potential investors and business partners.”
How do you envision contributing to the success and growth of AAM?
“My primary role is to bring in new investors and business partners to raise the AUM, i.e. assets under management.”
What are some immediate changes or innovations you’re looking to bring into our existing strategies or operations?
“I’m bringing a more consistent emphasis placed upon marketing.”
How were you introduced to the Abundance Strategy, and what are your thoughts on it?
“Dylan Clark and I worked together on other projects and have many mutual friends. After tracking his progress with Chris Perkins, I decided to assist them with an equity infusion and GP (General Partner) efforts.”
How do you think your experience aligns with the objectives and ethos of the Abundance Strategy
“As a seasoned Accredited Investors with over 3 decades of experience, the Abundance mindset of zealous doing what’s best for investors aligns with my beliefs 100%.”
How do you see yourself fitting into the AAM team?
“My job is to raise the fund’s AUM, assets under management, both individually and through the Ateleia Family Office in which I’m an equity partner.”
What’s your leadership style, and how do you believe it complements the existing dynamics at AAM?
“Chris and Dylan are wonderful at operating the fund and explaining our strategy. When it comes to aggressively reaching out to potential clients and business partners that’s my area of strength. I’m very hard charging, extremely demanding and not afraid to speak hard truths. The three of us work well together because of our close relationships that allow for the level of trust to have hard conversations and make tough choices.”
Outside of work, what are some of your hobbies or interests?
“Only my dogs, Andagi and Ana interest me as “hobbies” lol.”
Who has been the most influential figure in your professional life, and why?
“My father is 84 years old and still works 7 days a week. Our family business is 50 years young and I’ve been at it for over two decades. He instilled a “yes” culture with great customer service.”
Can you recommend a book or resource that has shaped your perspective on asset management or finance?
“Three seminal books: Reminiscences of a Stock Operator, [by Edwin Lefevre] Market Wizards: Interviews with Top Traders and The New Market Wizards: Conversations with America’s Top TradersMarket Wizards [both by Jack D. Schwager]
Every Rick Rule YouTube interview, he’s a Natural Resources investing legend and a student of finance history.”
Where do you see AAM in the next 5 years, and what role do you see yourself playing in that journey?
“I envision us at over $10B AUM, assets under management, providing strong risk-adjusted to investors, and consistently keep investors informed.”
Lastly, what message would you like to convey to our clients, stakeholders, and team members as you embark on this new role?
“I strongly believe that focusing on risk mitigation, keeping things simple, removing emotions and minimizing overhead expenses will allow us to outcompete 9/10 of our competitor and the underlying index.”
Andrew Rosenberg’s insights and experiences offer a fresh lens through which we can continue to enhance and refine our strategies at AAM. His emphasis on risk mitigation, simplicity, and keeping emotions in check echoes the core principles that AAM holds dear. As we move forward, the addition of Andrew’s expertise and vision promises to be a driving force behind our mission to provide optimal value to our investors. We’re both proud and excited to embark on this next chapter of our journey with Andrew leading the charge.