Howard Steven Freedland, CFA Investor/Busniessman/Philanthropist
howard@harperfoster.com
Howard Freedland began his investment career in the early '70s as an analyst and portfolio manager at The St. Paul's mutual fund subsidiary. Recruited to Beverly Hills to run equity investments for CMB Investment Advisors in 1978, he decided that his clients would be better served paying him for performance as opposed to an asset-based fee. This radical idea led to the formation in 1978 of one of the first hedge funds on the West Coast, September Investors. In order to implement one of the first "green mail" transactions (today it would be called "activist investing"), he formed his own institutional broker-dealer, London Freedland.
Over the years, he is credited with a number of innovative strategies including one of the first private placements in a public company (today's PIPE transactions). His private equity fund, September Venture Investors, financed several private companies that had public exits.
During the the late '80s and early '90s, he left the investment business for a four year charitable stint in Venice, Italy and London, England. In 1992, Mr. Freedland returned to the States to help lead the turnaround of a major durable medical goods company. He then negotiated a joint venture between GE Capital & ResCom and became CFO of the resulting telecommunications joint venture. In 1995, he formed National Water & Power which is currently one of the largest providers of independent utility billing services in the US.
After the sale of NWP in 2000 to a consortium of venture investors, Mr. Freedland founded a consulting company specializing in the utility and telecommunications industries where he developed a personal and proprietary management technique called “3 Dimensional Management”. Mr. Freedland was a leading advisor to the State of California during the 2000 - 2001 energy crisis.
Having actively returned to the investment business in 2010, Mr. Freedland spends his time seeking out emerging hedge fund superstars and interesting investment opportunities. In conjunction with Direct Lending Advisors, where Mr. Freedland serves as Chief Investment Officer, they recently launched a new investment partnership that invests in directly originated fully-amortizing 3 year consumer term loans. The purpose of the partnership is to generate 9% - 11% net/net annuals returns with predicatble monthly cash flow. You can learn more by checking out www.directlendingadvisors.com