Dan Niles is the founder and portfolio manager of Satori Fund, a long-short equity fund that focuses on U.S. technology companies. According to the company website, Satori Fund protects capital and generates wealth over extremely stressful market cycles. In 2006, the Satori Fund was recognized as the “Best Newcomer” at the MARHedge U.S. Performance Awards. So, how much has Niles made from it?
Recognized by The Wall Street Journal as one of the "Best on the Street," he's also a frequent contributor to CNBC valued for his takes on stock trends. As expected Niles' net worth reflects his talent for building wealth.
Entreprenuer, engineer, and hedge fund manager
Net worth: $9 million (unconfirmed)
Before he began his career on Wall Street in 1990, Dan Niles worked as an Engineer at Digital Equipment Corporation. Niles is a Sri Lanka native (reportedly).
Born: June 1967
Education: Boston University (BS in systems engineering)
Stanford University (MS in electrical engineering)
Spouse: Tina Larsen Niles
How did Dan Niles get rich?
To be more specific, Dan Niles’ net worth is believed to be over $9 million, but the fund manager's portfolio may exceed that amount several times over. He held several well paying positions before starting his own equity fund.
Before founding Satori Fund, Niles was a founding partner of the asset management firm Alpha One Capital Partners, LLC.
After receiving a bachelor’s degree in systems engineering from Boston University and a master’s degree in electrical engineering from Stanford University, Niles spent a few years working as an engineer for Digital Equipment Corporation.
Niles switched gears to a career on Wall Street in 1990 when he was hired as an investment banker specializing in technology companies at Robertson Stephens. After six years at Robertson Stephens, Niles left to join Lehman Brothers as a senior sell-side equity research analyst covering computer hardware and semiconductors.
Niles also served as chief executive officer at Neuberger Berman Technology Management, LLC.
BarclayHedge once listed Niles as one of the Top 10 Equity Long/Short performers.
How often does Dan Niles appear on CNBC?
Niles regularly appears on CNBC to share his stock predictions. He earned the nickname “Michael Jordan of Technology Stock Analysts” in 2001 when he predicted that computer company Dell would miss earnings their first quarter in nearly a decade.
Niles has made other high-profile calls, including Facebook’s unfavorable IPO in 2012, Apple’s negative earnings in 2018, and the stock market crash of 2020.
What are Dan Niles’ stock picks for 2023?
Given the state of our economy and the fluctuations in the stock market, it's understandable for individuals to seek guidance from those with more experience in investing. If you're looking for some suggestions for 2023, here's Niles' top five picks:
- Cash in 3 Month Tbills