(Fort Worth, Texas) —- Robert M. McCarthy, Sr., president of Marketocracy Inc., has announced that John Reed has joined the company as senior vice president of Marketocracy Data Services LLC (MDS), an investment research firm and one of two Marketocracy Inc. affiliates. The other is wholly-owned subsidiary Marketocracy Capital Management LLC (MCM), an S.E.C. registered investment advisor that contracts with MDS to use its generated research to manage mutual funds, hedge funds, and separately managed accounts for clients.
Formerly at Alcon Laboratories, John Reed has over 25 years of professional experience in information technology.
“At Alcon, John managed software development projects across many different business lines, from finance and customer service to sales force compensation, market research, data warehousing, and business intelligence,” Mr. McCarthy stated. “We’re glad to have him on board to oversee the future and direction of MDS.”
Mr. Reed, a dedicated Horned Frog fan and long-time Fort Worth resident, received his BBA and MBA degrees from Texas Christian University.
At Marketocracy Data Services, headquartered in Fort Worth, John Reed will guide and direct operations for the web-based enterprise, a uniquely-designed Marketocracy farm system for investors. This system operates much in the same way that major league baseball teams have farm systems for baseball players.
“Baseball teams require that players prove themselves first, before they take the field,” said Ken Kam, founder and CEO of Marketocracy, Inc., from company headquarters in San Mateo, Calif. “Similarly, we think investment professionals should have to prove themselves before they are allowed to manage other people’s money.”
The unique MDS farm system provides members with opportunities to create and manage model portfolios on line. Starting with $1 million in virtual money, members can hone investing skills and establish an investment track record through model portfolio management, entering trade orders in real time and following the same rules that govern mutual funds on Wall Street. MDS member investors experience investment training without putting real capital at risk. The strongest member investors with the best performance histories are eligible for inclusion on the MDS farm team.
Marketocracy Capital Management LLC (MCM) contracts with MDS to use the research and investment insights generated from the farm team ‘bench,’ a select group of 100 exceptional MDS members. Their research influences the Marketocracy m100 Mutual Fund portfolio (MOFQX). The best of the bench earn designation as Marketocracy Masters. MCM requires that all MCM Analysts first achieve Marketocracy Master status, a detailed vetting process that precedes use of their investment research and strategies on MCM separately managed client accounts.
Mr. Kam founded Marketocracy Inc. in 2000 with the goal of locating the best investors in the world —-people who truly possess superior money management skills—-and holding them accountable for results by harnessing the power of the Internet. Marketocracy Inc. is a member of the Forbes Investor Team and serves as a regular contributor of investment articles to Forbes.
In his recently published book, The Warren Buffetts Next Door, Forbes vice president and investing editor Matthew Schifrin reconfirms the value of the Marketocracy farm system approach. In the book, he describes Marketocracy as a “legendary investor incubator” that yields outstanding investment talent. The book highlights ten of these outstanding investors, seven of which are Marketocracy Masters.
Marketocracy has offices in California and Texas and is on the web at www.marketocracy.com.
