Derek Wallis, Trader at Soros, Marlowe Partners, and now, 33 Capital Management, discusses the changes on Wall Street over the years. He also talks about an upcoming event to honor military personnel and their support for the Navy Seal charity One More Wave.
Derek Wallace is organizing an event at the USS Intrepid to honor active military and veterans and support the Navy SEAL One More Wave charity, providing a unique networking opportunity while supporting a worthy cause.
Derek's experience with Marlow Partners taught him the benefits of long-term investing and a concentrated value approach, focusing on sectors like animal health and understanding the improving world.
Deep dives
Supporting Military Veterans through an Iconic Event
Derek Wallace, the CEO of 33 Capital Management, is organizing an event on September 13th at the USS Intrepid to honor active military and veterans. The evening will support the Navy SEAL One More Wave charity and will feature no speeches, auctions, or donation pitches. Instead, attendees will enjoy an open bar at one of the most iconic venues in the world. Derek's involvement in supporting military families began after his opposition to the Iraq War. He felt a need to redirect his energy towards helping the military community. His fundraising efforts have contributed to organizations like Wounded Warriors Family Support. The Intrepid event is an opportunity for networking and reconnecting with people while supporting a worthy cause.
A Shift in Perspective: Long-Term Investing
Derek worked with David Steinberg and Eric Yudov at Marlow Partners, where he realized the benefits of long-term investing. Their concentrated value approach in equities and credit focused on multi-year views rather than short-term fluctuations. This perspective allowed them to see investment opportunities in sectors like animal health and benefit from the global improvement in the quality of life. Derek highlights that it's about choosing the right asset class and understanding the improving world. Their concentrated approach and network-driven fundraising efforts have been successful over the years.
The Journey from Trader to COO
Transitioning from trading, Derek took on the role of Chief Operating Officer (COO) at 33 Capital Management. This position offered a different scope of responsibilities, from relationship management to overseeing multiple aspects of the business. Derek emphasizes the value of personal connections and working with experienced individuals like Eddie S. Waits, the COO of Soros previously. Though he admits to making some mistakes along the way, Derek finds the COO role fulfilling, allowing him to utilize his skill set in a different capacity.
An Iconic Event at the Intrepid Museum
The event at the Intrepid Museum, organized by Derek, is a highlight of the year. The event offers a unique experience, featuring an open bar, DJ, and a chance to connect with others in a relaxed atmosphere. Attendees have the opportunity to reconnect with old acquaintances or meet new people. The event aims to raise funds for the One More Wave charity, supporting disabled military veterans. Derek encourages interested individuals to reach out to him via LinkedIn or Bloomberg for ticket information.
Derek Wallis has had an illustrious career as a trader at Soros, Marlowe Partners and now, 33 Capital Management. He talks about how Wall Street has changed over the years. Derek is the wonderful organiser of the September 13th USS Intrepid evening to honour active military and veterans. This year they will be supporting the Navy Seal One More Wave charity. The evening will have no speeches, no auction, no pitch for donations; just an open bar at one of the most iconic venues on the planet.