Last Updated on 14 October, 2021 by Samuelsson
Blair Hull is an American businessman, investor, Democratic politician, and philanthropist. He was born on September 3, 1942, and at a relatively tender age of 19, he was already working in a cannery factory assembly line to support his family. Blair eventually found his way into the financial markets, and today, he is known for his landmark achievements in the trading world.
During his early adulthood, Hull served in the United States Army for six years, attaining the rank of lieutenant. However, upon completing his military service, Hull decided to teach high school-level physics and mathematics before going for higher education. A few years later, Hull bagged a Bachelor of Arts degree in Mathematics from the University of California, Santa Barbara. In addition, he got an MBA from Santa Clara University and graduated from the Harvard Owner/President Management Program.
Thanks to his mathematical skills and a degree in mathematics, Hull became a skilled and disciplined blackjack player. He demonstrated his excellent analytical skills at the blackjacks in Las Vegas, an experience that earned him so much money. Hull made so much from various successful wins at the casino floors and decided to move his accumulated earnings from the blackjack games to the Pacific Stock Exchange and later to the Chicago financial exchanges.
At the Chicago financial exchanges, Blair Hull displayed an outstanding level of trading expertise and eventually revolutionized the financial markets using various advanced technology and innovative models, such as the empirical model he developed for the financial markets. Hull also had a team of skilled card players who could determine when and how to get an advantage over the dealer through the various mathematical systems they operated with.
In 1985, Blair took a huge career step to build his own company — Hull Trading Company. While serving as the chairman and CEO of the company, Bull created multiple job opportunities and grew his company to become a global leader in applying computer technology to listed derivatives trading.
The Hull Trading Company became very successful with over 250 employees, including financial engineers, physicists, more than 100 software engineers, and computer support staff.
However, in 1999, Blair Hull sold the Hull Trading Company to Goldman Sachs for $531 million. He used the proceeds from the sale to build the Hull Investments, LLC, a company that would later go on to serve as the family office for three generations of the Hull family and acts as the parent company to several financial entities, including Hull Tactical Asset Allocation, LLC.
In 2009, Hull founded Ketchum Trading, LLC, a proprietary trading firm that traded and provided liquidity in futures, options, cash equities, and exchange-traded funds. And in 2013, Hull created Hull Tactical Asset Allocation, LLC. The HTAA operates an actively managed ETF and utilizes advanced algorithms and macro and technical indicators to anticipate future market returns.
Blair Hull has created several academic publications, including “A Practitioner’s Defense of Return Predictability” (May 26, 2015); “Return Predictability and Market-Timing: A One-Month Model” (October 10, 2017); and “Seasonal Effects and Other Anomalies” (April 28, 2018).
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