Timothy Sykes
| Timothy Sykes | |
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| Born | April 15, 1981 Orange, Connecticut, U.S. |
| Residence | Miami Beach, Florida, U.S. |
| Alma mater | Tulane University |
| Website | http://www.timothysykes.com/ |
Timothy Sykes (born April 16, 1981) is an American and entrepreneur. He is best known for earning $1.65 million by day trading while attending Tulane University.
In 1999, while attending high school, Sykes used $12,415 of his bar mitzvah gift money and began day trading . The investment would grant him about $1.65 million when he was around the age of 21.
Sykes graduated from Tulane University in 2003 with a bachelor's degree in philosophy and a minor in business. While at Tulane, Sykes routinely cut class to day trade. In 2003, during his senior year, he founded Cilantro Fund Management, a short bias hedge fund, using $1 million mostly from Sykes' friends and family.
In 2006, Sykes was included on Trader Monthly's "30 Under 30" list of up-and-coming traders in the market, a selection which editor Randall Lane later called "our worst pick" among the chosen honorees. Sykes claimed that the Cilantro Fund was "the number one long-short microstock hedge fund in the country, according to Barclays"; Lane later discovered that the rating came from "the Barclay Group," a small research company based in Fairfield, Iowa, and not the well-known Barclay's British bank.
In 2008 Sykes decided to recreate his initial investing success by again starting with $12,415. He named the attempt Transparent Investment Management (TIM). After two years, Sykes turned the sum into $90,368 and was the top ranked trader on Covestor.
Sykes self-published An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund in 2007. The book documented Sykes' experiences from day-trading in college to becoming a wealthy hedge fund manager.
In 2012, Sykes created "Miss Penny Stock," a financial beauty pageant among the female representatives for his brand and company.
Sykes currently works as a financial activist and educator.
In 2009, Sykes launched Investimonials.com, a website devoted to collecting user reviews of financial services, videos, and books, as well as financial brokers.
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