Dan-Niles
Dan Niles | Biography

Quick Information

  • Full Name Dan Niles
  • Occupation Hedge Fund Manager, Entrepreneur, Portfolio Manager
  • Nationality American
Founder and Portfolio Manager of the Equity Fund The Satori Fund

Dan Niles | Biography

Niles is the recipient of five awards in the Wall Street Journal’s ‘Best on the Street’ survey

Dan Niles launched his own equity fund called The Satori Fund in March 2004. It is a technology-biased long-short equity fund that focuses on U.S. technology companies. The company protects capital at times of extreme market stress and generates wealth throughout market cycles.


Dan Niles is the founder of The Satori Fund, a technology-biased long-short equity fund.

Who is Dan Niles?

Dan Niles is an American hedge fund manager. He is a founder and portfolio manager of the equity fund called The Satori Fund, which he launched in 2004. Niles also served as a founder and portfolio manager at an asset management firm called AlphaOne Capital Partners LLC for over a decade. He was the founder and CEO of Neuberger Berman Technology Management from 2004 to 2008. 

Before starting his career as a money manager, Niles was a sell-side research analyst for Lehman Brothers and Roberson Stephens. He also worked as an investment banker at Robertson Stephens. 

Education

Daniel T Niles graduated with a Bachelor of Science in System Engineering from Boston University in 1989. He then earned a Master of Science in Electrical Engineering from Stanford University in 1990. However, no other personal information was available about him.

Career

Niles began his career as an engineer at a computer company, Digital Equipment Corporation. In 1990, he kicked off his career on Wall Street as an investment banker at a wealth management firm, Robertson Stephens. For the next four years, Niles specialized in technology transactions like mergers and acquisitions, initial public offerings, secondary offerings, and convertible debt offerings. He also became a sell-side research analyst at Robertson Stephens in 1994 and covered top technology companies such as Apple, Dell, and Intel until 2000. 

After working at Robertson Stephens for a decade, he joined Lehman Brothers in May 2000 as managing director and sell-side equity research analyst. At Lehman Brother, he covered semiconductor and computer hardware stocks. 

Neuberger Berman Technology Management, LLC/ AlphaOne Capital Partners LLC

From 2004 to 2008, Niles served as a managing director at Neuberger Berman, Inc. and CEO of Neuberger Berman Technology Management, LLC. The company focused on short-long equity investments in the technological sector. 

In March 2008, he founded an asset management firm called AlphaOne Capital Partners LLC. He served the firm for nearly 12 years, till December 2019, as a founder and portfolio manager. 

The Satori Fund

Niles launched his own equity fund called The Satori Fund in March 2004. It is a technology-biased long-short equity fund that focuses on U.S. technology companies. As per the official website of The Satori Fund, the company protects capital at times of extreme market stress and generates wealth throughout market cycles. The Satori Fund’s net exposure ranges from minus 15 % to plus 50 %, and its gross exposure typically ranges from 100-150 %. The Satori Fund uses fundamental, technical, and macro-economic analysis to generate a portfolio of 20-40 positions. It serves institutional and high net-worth investors. 

GSA

In 2009, Niles teamed up with Global Semiconductor Alliance (GSA), an organization that brings together semiconductor companies to represent and promote industry-wide interests and thoughts. He also provides webinar sessions that help global executives monitor the industry’s position in the cycle. 

Media Appearances

Niles is also a financial commentator. He frequently appears on various business news platforms, including CNBC, Fox Business, Bloomberg Market, and Yahoo Finance, sharing his expert opinion about the stock market, investments, and predictions on stocks.

Awards and Recognition

Niles has received several awards and recognitions for his contribution to the financial sector. He is the recipient of five awards in the Wall Street Journal’s ‘Best on the Street’ survey, including stock picking in the categories of computer hardware & PCs, computer peripherals, and semiconductors. As a research analyst, he received three awards for stock picking, useful and timely calls, and earnings estimates in 2000. 

Niles was chosen for Institutional Investor magazine’s ‘All-America Equity Research Team’ in the semiconductor category from 1999 to 2003 and the PC hardware/IT hardware categories from 2000 to 2003. He has also been named a top ten Equity Long/Short performer by BarclayHedge.

In April 2006, the AlphaOne Satori Fund managed by Niles was recognized as the ‘Best Newcomer,’ by a semi-monthly financial newsletter, MARHedge, during the ‘U.S. Performance Awards’ in New York.

Net worth

According to Market Realist.com, Niles’ net worth is estimated to be over $9 million as of March 2021.

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