US Fleet Tracking CEO plans hedge fund based on algorithm he created
Jerry Hunter, CEO of Edmond-based US Fleet Tracking, wrote an investment algorithm based on momentum of waves he watched while sitting on the deck of a cruise ship. Now he wants to share his creation with other investors by launching a hedge fund.
EDMOND — Sitting on the deck of a cruise ship in Hawaii with his laptop computer while his wife went jogging around the boat, US Fleet Tracking CEO Jerry Hunter wrote a computer algorithm to help manage his investments.
While looking out at the Pacific Ocean, Hunter modeled his algorithm based on the momentum of waves.
The algorithm chooses which stocks to invest in based on price volatility and makes split-second predictions whether a stock's value will go up or down.
“It watches the stock price tick by tick, trade by trade, second by second and analyzes the ups and downs and trends,” Hunter said. “It spots those trends and determines unemotionally when to get in and when to get out. It turns out it's pretty good at predicting what will happen.”
Hunter founded US Fleet Tracking with his wife, Cindy, in 2005. The company provides vehicle tracking services to companies in more than 120 countries.
Hunter was one of financial adviser Mike McGuire's biggest clients.
“He would call me from the ship and tell me what he was doing,” McGuire said. “When he got back to the States, he showed me what he had done for himself, and I said, ‘Hey, this is something we should really allow other people to participate in.'”
The computer programmer was so pleased with yield from his investments that he has teamed with McGuire to form Hunter McGuire Capital Management. Hunter can't talk publicly about the rate of return he has made on trading the algorithm's stock picks, for fear of running afoul of the U.S. Securities and Exchange Commission.
Housed in an office at US Fleet Tracking's Edmond headquarters, the firm is offering financial advisory services and also plans to launch a hedge fund later this year based on Hunter's trading algorithm.
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