1969

Considered one of the most successful traders of the last 40 years, Blair Hull MBA ’69 devised the Hull Tactical US ETF (exchange-traded fund), which has defied market crashes based on its algorithm. After college, Blair taught high school math and physics and ultimately made his way to the Las Vegas blackjack tables, where he perfected card counting. Hull parlayed $25,000 in winnings into a seat on the Pacific Stock Exchange, upgraded to Chicago, and later created his own Black-Scholes-type formula, applying probabilities to futures and options markets. He built up an electronic trading firm, sold it to Goldman Sachs for $531 million in 1999, then began toying with a short-term market-timing strategy that performed well during the 2008 financial crisis. Blair characterizes his ETF as a “sleep well at night” financial product that can outperform stock indexes while insulating investors from the inherent volatility. For the curious buy-and-holders, Blair invites all to follow his funds’ gyrations in real time on his website.

29 Oct 2015