Stephen Hicks has over 30 years of experience in the financial and investment sector. He has a Bachelor of Science degree in Business Administration from King’s College located in Briarcliff Manor, New York. Later he joined Fordham University also situated in New York to do his Master’s in Business Administration. Hicks education background was a stepping stone as it equipped him with the knowledge of how the financial market operates. Before founding Southridge Capital in 1996, Mr. Hicks used to work for a small hedge fund in New York. The owner of the hedge fund decided to relocate to Australia, and he took and year to wind down his operation. During this time Hicks was given an opportunity to start his own company while still working for the hedge fund.
Hicks was responsible for implementing strategies that saw Southridge Capital through the initial stage of development. Together with his executive team, they have been able to dominate a fair share of the market which they operate. Southridge has invested mostly in public companies by providing security brokerage and investment banking services. Over the years Southridge capital has expanded its operations all over the world, and it has invested over $ 1.8 Billion. However, it has not been a smooth sail for them. In a recent interview, Mr. Hicks revealed that they invested largely in Petals company and failed regardless of their best effort. They had to stay liquid enough to see through that phase since it had drained the company financial reserves. Hicks also said that he is optimistic about the future and advise individuals to invest in cryptocurrency and pot. For more info you can checkout linkedin.com
Steve Hicks as an entrepreneur gave an insight into how he goes about his daily routine, and the most crucial element is remaining focused. By reviewing their portfolio and creating a to-do list for himself and also for his staff enables him to stay productive. Southridge capital has been in operation for over two decades, and having a competitive advantage has gone a long way in ensuring that. Diversification is also a strength that the company has in its arsenal since it provides different services to its clients like Balance sheet optimization, mergers and acquisition strategies, bankruptcy and legal settlement advice and financial analysis.
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