Michael Goldstein Empirical Research Partners
The buy side says: “Michael is the best in the world at what he does.”
Michael Goldstein lands in the winner’s circle for a fourth straight year; the Empirical Research Partners analyst is also ranked second in Portfolio Strategy. Using proprietary modeling tools, the 55-year-old Goldstein identified distressed stocks in March that he believed were likely to benefit from market turmoil and outperform in the near term. Among the companies he named were Toronto-based steel producer Gerdau AmeriSteel Corp. and discount variety store operator Dollar Tree of Chesapeake, Virginia. The stocks had bolted 40.7 and 21.2 percent, respectively, by the end of August; during the same period the broad market fell 8 percent. (Brazil’s Gerdau bought the remaining shares of AmeriSteel for $1.6 billion, or $11 per share, in late August.) “Mike is that rare quant who ties together the macroeconomic context with bottom-up stock selection, which is useful for our investment decisions,” observes a grateful ally.
