Ideamensch is always looking for success stories in business and investing, and one man who made a big shift in his investment career that they interviewed is Paul Mampilly. A former portfolio manager for a major hedge fund company, Mampilly retired from that position, though instead of considering himself retired he looks at it as a change of gears to target a new audience. His newsletter, “Profits Unlimited” is about investments that those with limited or no stock-buying knowledge can use to build their own portfolios. Ideamensch wanted to know more about Mampilly’s inspiration to start this newsletter.
Mampilly said he draws his inspiration from helping others in ways that the big banks and investment companies don’t. While Mampilly’s newsletter is rich with charts and financial information, he’s taken care to break it down into simple terminology that people can understand without having to do hours of their own research. Mampilly believes one of the mots exciting trends is the “internet of all things” by which IT and networking will be used in manufacturing and former manual labor jobs and changing the way the economy works. If he could spend $100 anywhere, it would be on books.
Paul Mampilly moved to the US from India to study banking and learn the career of an investor. It wasn’t easy at first as he worked late shifts at gas stations and food cafeterias to get by. But once he completed his bachelor’s degree he was accepted to Deutsche Bank to become a research assistant. He rose in the ranks from there to portfolio manager quickly, and several big banks he worked with included Sears, Bankers Trust, ING and Royal Bank of Scotland.
In 2006 Mampilly joined the ranks of the hedge fund managers when he was hired as an advisor at Kinetics International Fund. The fund was worth $6 billion when he joined, but became worth $25 million in just a year. Mampilly’s work there had Barron’s magazine note the company as the fastest-growing on Wall Street. In 2008, Mampilly was the winner of the Templeton Foundation’s investment competition when he turned $50 million in investments to $88 million.
Mampilly left the hedge fund business several years later and became a private investor. He made profits on several notable stocks such as Facebook and Netflix, and most notably Serepta Therapeutics which saw a return of over 2,000%. In 2016 he decided to share this knowledge with others through “Profits Unlimited” at Banyan Hill Publishing.