Global Edition

Former Star Hedge Fund Manager Launches Golf Business Blog

11.40am 21st June 2013 - People

 

Andrew Glaser
Andrew Glaser

ClubCrown by VIVE CEO Andrew Glaser has launched a golf business blog. As a Former Hedge Fund Portfolio Manager, Mr. Glaser is in a unique position to opine on golf trends and their implications on the industry. In his first blog, Mr. Glaser analyses the replacement cycle of drivers, fairway woods and hybrids. His conclusion is that golf equipment sales could decline up to 40% in the next few years. This prediction is supported by a review of replacement cycles in the TV industry.

Mr. Glaser said “For 10 years on Wall Street I specialized in retail and consumer equities, overseeing up to $500 million. I have seen many replacement cycles start and end in a variety of industries. For example, in 2010 I analyzed the end of a television replacement cycle and went short Best Buy to much success. I believe the same issues are occurring in the golf industry and no one is talking about the very real and adverse implications of this huge change.”

Prior to founding ClubCrown, from 2002-2011 Andrew worked in finance, most recently as a hedge fund portfolio manager with a focus on retail and consumer equities. This experience gave him a detailed understanding of retail business models and a tremendous amount of access to public company management.

Andrew attended The University of Pennsylvania and graduated with a business degree from Wharton and a BAS from the EngineeringSchool, also earning a minor in math. In his free time, Andrew enjoys golfing and carries a low single digit handicap

CEO Commentary from Andrew Glaser – ClubCrown Founder https://www.clubcrown.com/2013/06/golfs-equipment-replacement-cycle/

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