David Lucas Conrod has worked in the investment industry for over 25 years. While his career started in the banking sector, he is currently the Chief Executive at FocusPoint Private Capital Group, an independent capital raising and advisory firm.
Conrod’s trading strategy is based on technical analysis. He believes in risk management and always uses stop-loss orders to protect his capital.
David has an extensive private equity, venture capital, and real estate background. Before founding FocusPoint, he served as a Managing Director at Guggenheim Partners, LLC, leading the firm’s institutional distribution initiatives globally.
He is married to Project Runway’s Judge Nina Garcia, with whom he has two children.
In this article, we’ll look at David Conrod’s biography, including his life story, career, and net worth. We’ll also dive into his trading strategies and learn some tips from the man himself.
Without further ado, let’s get started.
David Conrod’s Life Story
David Conrod was a student at Kenyon College in Ohio from 1978 to 1982, where he obtained his Bachelor’s degree. He was a soccer player during his undergraduate years and was in the 1979 – 1981 men’s university soccer teams.
He is one of Kenyon’s most esteemed alumni, and in a 2016 issue of the Kenyon alumni bulletin, he mentioned how he runs into fellow alumni all the time in his line of work.
Between 1990 and 1992, he earned an MBA from the Columbia Business School. He later settled in New York City with his wife, Nina Garcia. Together, they have two children.
Lucas Alexander Conrod was born on March 2002. The second child, Alexander David Conrod, was born on November 2010.
While Nina Garcia has a higher net worth than her husband, David Conrod’s financial nous helps the family manage their money and investments.
David Conrod’s Career
After completing his MBA, David Conrod started his professional career as a distributor of a bank’s private equity vehicles in Asia and Europe. His role as the Director of Sales and Marketing at HSBC Asset (Americas), Inc lasted for seven years and six months. He began in August 1992 and left in January 2000 to join Guggenheim Partners, LLC.
At Guggenheim Partners, LLC, David served as the Senior Managing Director for over ten years, from January 2000 to March 2010. He joined the firm during its inception and was responsible for the growth and development of the sales and marketing team.
He led the distribution and manager sourcing for Guggenheim-sponsored and third-party fund and co-investment products across the institutional, family office, and high-net-worth channels.
During his time at Guggenheim, the team successfully raised several billion dollars in distribution and manager sourcing for Guggenheim-sponsored and third-party funds and capital for strategies such as aviation finance, growth equity, mortgage derivatives, and real estate.
He was also responsible for launching six of the most successful Guggenheim-sponsored first-time fund strategies and several series of successor funds.
In 2017, he co-founded Rise Line Business Credit, a non-bank lender to middle-market companies in the United States. The firm is a sister company to his FocusPoint Private Capital Group. Rise Line Business Credit is the go-to source for middle-market companies that need working capital without the hassle of going through a bank.
In August 2021, David Conrod sold Rise Line Business Credit to a private equity firm, but the terms of the deal weren’t disclosed. David Conrod managed Rise Line Business Credit for four years and eight months.
In May 2014, he founded LANDC Investment LLC, a registered investment platform and advisor. The firm provides asset management services to high-net-worth firms, including Rise Line Business Credit and his own capital-raising company, FocusPoint Private Capital Group.
David Conrod’s Net Worth
According to Glamour Fame, as of June 2019, David Conrod’s net worth was over $1 million. The majority of his wealth comes from his successful career in the financial industry. The Rise Line Business Credit sale in 2021 also contributed to this.
Conrod has worked in the financial industry for over two decades, holding various high-level positions, and he has also been a part of several successful businesses.
David Conrod has also made money through investments. He owns several properties in the U.S. and Europe. He also has a stake in companies like LANDC Investment LLC and Rise Line Business Credit.
David Conrod’s Trading Strategy
David Conrod is a value investor who looks for companies that are trading at a discount. He believes the key to successful investing is to buy quality companies at a discount and hold them long-term. Some of his most effective market strategies include:
1. Focus on what the market is doing
Conrod believes it is crucial to focus on what the market is currently doing rather than trying to predict what it will do. He believes that the market is always right and that predicting its direction is a fruitless endeavor. So, if the market is going up, he will be buying stocks. If the market is going down, he will be selling stocks.
2. Buy quality companies at a discount
David Conrod looks for companies trading below their intrinsic value. These businesses usually have a strong competitive advantage and are leaders in their respective industries. They are usually well-managed and have a solid track record of profitability.
3. Hold for the long term
Despite focusing on what the market is doing in the short term, David Conrod is a long-term investor. Buying quality companies at a discount and holding them long-term allows him to ride out the market’s ups and downs and eventually realize his investments’ full potential.
4. Have a diversified portfolio
A diversified portfolio is a must for any investor, and David Conrod is no exception. He believes it is important to have a diversified portfolio to mitigate the risk of losses in any particular investment.
5. Stay disciplined
David Conrod is a disciplined investor who sticks to his investing strategy regardless of what the market is doing. This discipline has helped him to avoid making impulsive decisions that can lead to losses. It has also helped him to stay focused on his long-term goals.
Conclusion
David Conrod is a successful investor with a proven track record. His investment strategies have helped him build a net worth of $1 million. He is a value investor who looks for companies trading below their intrinsic value. He is also a long-term investor who believes in holding quality companies for the long term.
