"A year ago, my net worth might have been like $3 million," he recalled. A turnaround trade that grew his net worth 10-foldīefore Peppers became a hedge fund manager championing "capitalism for good," he was a prime brokerage salesmen at Interactive Brokers, a stable and high-paying job that he loved. The fund, which will focus on investing in early-stage US disruptive companies, is also pioneering a fee structure that will divert half of its 2% management fees and 20% performance fees to select charities. In fact, his foresight and research gave him the conviction to execute a turnaround trade this year that catalyzed the launch of his hedge fund Good Soil Investment, which on Tuesday is unveiling its first fund - the Accelerated Opportunities LP Concentrated Growth fund. Peppers' confidence stems from consistently reaping massive rewards from identifying opportunities ahead of the market. "But I still think my investment philosophy will significantly outperform the S&P 500 over the long term." It's been an incredible year for me with opportunities in the market moving up and down and me getting them right," Peppers said in an interview. "I know those types of returns will never happen again. Today, his trading accounts - including an incubated version of his hedge fund which generated 10,000% in gross return from January to the end of November alone, have ballooned to over $70 million in assets. Like many independent investors, Peppers started trading in his individual retirement account in 2010 with less than $5,000 and two years later opened his personal account with a $25,000 deposit.
In a career spanning personal fitness training, sorting bins of returned mails, and servicing hedge funds, Emmet Peppers has hustled his way into becoming a newly minted hedge fund manager with a formidable track record. Visit Business Insider's homepage for more stories.He breaks down his turnaround trade prior to and during the COVID-19 market crash and shares what led to his early bets on Facebook and Tesla.Peppers, who had successfully predicted the COVID-19 market crash and placed early bets on stocks such as Facebook and Tesla, is now officially launching his first fund - the Accelerated Opportunities LP Concentrated Growth Fund.In the first 11 months of 2020, Emmet Peppers, who grew $30,000 in 2010 to more than $70 million today, generated 10,000% in gross returns for his incubator hedge fund.Account icon An icon in the shape of a person's head and shoulders.
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