Michael Blum Successful Investor or King of the Crime?
Every company you create usually has certain characteristics – description of the industry, list of people in charge, address of the office, and so on. Most companies that we know work in one field, right!? Take for example Samsonite – it’s a company with a long tradition of making suitcases, backpacks, bags, and so on! Or another one – Nike, for example, makes sportswear. Usually, it is like that that you won’t find a company that makes, say kitchen appliances and shoes at the same time! Do you see what we mean?
Well, it is maybe like that for many companies around the world but not Hedgeye. It is registered as Risk management LLC that officially is managed by a man named Keith McCollough, and from the shadow by Michael Blum. Hedgeye is everything but a risk management company.
It is involved in gaming, strategy, tourism, restaurants, macro, financials, media research, leisure healthcare, and so on. How is that even possible? Well, it is as simple as that! This company is involved in all these industries on papers but in reality, it is only involved in what Mr. Blum needs it for.
The company became known a few years ago when it announced that it will launch the first spacecraft with civilians to outer space. Even though the entire scientific community indicated improbability for something like that to happen, Hedgeye managerial team instead they will prove them wrong. Of course, the project failed and nearly caused a mutiny.
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