Jake Freeman Wiki
Jake Freeman Biography
Who is Jake Freeman?
If you’re 24 years old and earning a $110k salary plus a bonus, you might be feeling pretty good. But you won’t feel as good as Jake Freeman, an applied mathematics and economics student at the University of Southern California, who appears to have earned a thousand times his salary after a $25 million investment in Bed Bath and Beyond stock nearly skyrocketed. 400%. .
Reddit is full of suspicion and outrage over Freeman’s vast fortune, but the forum site is also home to some Freeman fans. One asked Freeman why he sold Bed Bath and Beyond (BBBY) now, given the potential for it to go even higher. Freeman, who posts under the username FreemanCapitalManagement, said the investment case was not strong enough. Also, he is only 20 years old and has already made a lot of money. “I came into BBBY for a strong thesis and the performance really went well beyond what I expected. But I appreciate people being skeptical,” Freeman added.
Freeman seems to be a pretty ambitious guy. His Reddit posts also reveal that he filed a form to run for president in 2020, at age 18. When someone pointed out that the president must be at least 35 years old, Freeman said that he knew that and that he just wanted to be “the youngest person to appear on the ballot.” When another Redditor said he really should be partying, Freeman said the typical life for someone his age is “studying for endless exams haha.”
However, Freeman does not appear to be a typical 20-year-old. He raised his initial $25 million investment from friends and family with money to spare and spent the last few years interning at former Credit Suisse trader Vivek Kapoor’s Volaris Capital Management, where the Financial Times says he and Kapoor co-wrote a risk article. CDS coverage when Freeman was just 16 years old.
One seasoned investor called Freeman a “lucky penny.” “Somebody won the lottery last night. He’s no different,” he said of Freeman. He also pointed out that Freeman doesn’t sound much like the archetypal poor student. He has been investing with his uncle, Dr. Scott Freeman. While the Freemans’ investment in BBBY has been good, MindMed, a psychedelic medicine company founded by Scott, is his true passion. - The two have built a large stake in the company and are encouraging a cost-cutting program, a new focus on real drugs and an end to a dilution-in-the-money deal. “Personally, I think LSD is a better drug than psilocybin,” Scott declared earlier this month.
After winning $110 million, the FT says Freeman had dinner with his parents in New York and then flew back to his Los Angeles campus.
