David Goel

Goel was born in Toronto, Ontario, though he is known primarily as a U.S. equity securities investor.{{cite web |url=https://www.sec.gov/Archives/edgar/data/1060822/000117266112000480/CRI041912.txt |title= SEC Schedule 13G |date= 19 April 2012 |publisher=U.S. Securities and Exchange Commission |accessdate=2 May 2013}} He became a naturalized U.S. citizen in 2013.{{cite web |url=https://www.sec.gov/Archives/edgar/data/1060822/000117266113000740/CRI041613a1.htm |title= Amendment to SEC Schedule 13G |date= 16 April 2013 |publisher=U.S. Securities and Exchange Commission |accessdate=2 May 2013}}

A 1989 graduate of Phillips Exeter Academy and a 1993 graduate of Harvard University, Goel studied international relations and majored in government.{{cite web |url=http://www.exeter.edu/documents/Exeter_Bulletin/exeter_initiatives/Prospectus.pdf |title=The Exeter Bulletin Special Edition |publisher=Phillips Exeter Academy |accessdate=2 May 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20160304053531/http://www.exeter.edu/documents/Exeter_Bulletin/exeter_initiatives/Prospectus.pdf |archivedate=4 March 2016 }}{{cite web |url= https://post.harvard.edu/olc/membersonly/HAA/old/directory.cgi?FNC=viewProfile___HAA___340396 |title= The Harvard Alumni Association Directory |publisher= Harvard Alumni Association |accessdate= 7 May 2013 |archive-url= https://archive.today/20130626175615/https://post.harvard.edu/olc/membersonly/HAA/old/directory.cgi?FNC=viewProfile___HAA___340396 |archive-date= 26 June 2013 |url-status=dead }} After graduating university, he went to work as a financial analyst at Morgan Stanley & Co. in its High Technology Investment Banking division.{{cite web |url=http://www.marketvisual.com/d/4483f23b-5bab-46c2-9f89-3ecbd8864922/David+Goel |title= Market Visual Report |accessdate=30 April 2013}} From 1995 to 1996, he worked as a financial analyst at the multibillion-dollar private equity fund General Atlantic Partners.{{cite web |url=https://www.sec.gov/Archives/edgar/data/763901/000119312512108473/d302576ddef14a.htm |title= SEC Schedule 14A Definitive Proxy Statement |publisher=U.S. Securities and Exchange Commission |accessdate=6 May 2013}} In 1996, he left General Atlantic to become an analyst and later partner at Tiger Management, where he was mentored by Julian Robertson. Goel then began his own fund, Matrix Capital Management, in 1999. Tiger Management closed down and returned all monies to investors in 2000. Thus, Goel is counted among the “Tiger Cubs,” a designation for former Tiger Management employees who started successful hedge funds.

Like other Tiger alumni, Goel is known for fundamentals-focused growth investing.{{cite web |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=206345820&ticker=BPOP&previousCapId=253660&previousTitle=POPULAR%20INC |title=Executive Profile |publisher=Bloomberg Businessweek |accessdate=2 May 2013}}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}} The time horizons of Goel's investments are typically long-term, and he has been quoted as saying that, when evaluating a stock portfolio's performance, “I think in 10-year terms.”{{cite web |url=http://www.nxtbook.com/nxtbooks/ii/ar_8944j/index.php?startid=32 |date=November 2010|title= The Tiger Legacy |publisher=Absolute Return |accessdate=1 May 2013}} Goel's investment strategy has been cited as an exemplar both of company-specific microeconomic research and for its use of market analysis, including DeMark Indicators.{{cite web |url=https://www.bloomberg.com/news/2012-11-13/demark-fibonacci-charts-embraced-by-cohen-lure-investors.html |date=12 November 2012|author1=Effinger, Anthony |author2=Burton, Katherine |title= DeMark Fibonacci Charts Embraced by Cohen Lure Investors |publisher=Bloomberg News }}

Goel's hedge fund, Matrix Capital Management, is registered with the U.S. Securities and Exchange Commission and as a result, its investment strategies are a matter of public record.{{cite web |url=https://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_landing.aspx?SearchGroup=Firm&FirmKey=160066&BrokerKey=-1 |title=Investment Advisor Public Disclosure |publisher=U.S. Securities and Exchange Commission |accessdate=8 May 2013 |archive-url=https://web.archive.org/web/20131026152200/http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_landing.aspx?SearchGroup=Firm&FirmKey=160066&BrokerKey=-1 |archive-date=26 October 2013 |url-status=dead }} For the past 14 years, Goel's fund has invested in public companies predominantly within the technology, media, telecommunications, and consumer staples sectors. Matrix Capital has even been the subject of a prominent case study at the Harvard Business School.{{cite web |url=http://www.hbs.edu/faculty/Pages/profile.aspx?facId=10639 |author= Prof. Malcolm P. Baker |title= List of Cases and Teaching Materials |publisher=Harvard Business School |accessdate=6 May 2013}} When Goel and Ferri co-founded the fund in 1999, it was arranged that Goel would manage its day-to-day functions.{{cite web |url=https://www.adviserinfo.sec.gov/Iapd/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=187952 |title= SEC Form ADV Part2A |publisher=U.S. Securities and Exchange Commission |accessdate=30 March 2013}} Thus, Matrix Capital is not to be confused with Ferri's separate venture capital firm Matrix Partners, which has made early stage investments in young, private companies over the past 36 years that include Apple, SanDisk, Gilt Groupe, and others.{{cite web |url=http://www.matrixpartners.com/portfolio/#/current-all |title= List of Companies Seeded by Matrix Partners |publisher=Matrix Partners |accessdate=8 May 2013}}

Through Matrix Capital Management's investments, Goel received attention in 2012 for his early support of cloud computing ventures.{{cite web |url=http://www.marketwire.com/press-release/xero-raises-49-million-from-us-investors-1732127.htm |date=29 November 2012 |title= Xero Raises $49 Million From U.S. Investors |publisher=MarketWire |accessdate=2 February 2013}} Goel was quoted as saying these investments were predicated on “the disruptive power of cloud computing across the technology universe” and that each would be “a harbinger for where all software companies will have to go if they want to remain relevant.”

{{cite web |url=https://www.nzx.com/companies/XRO/announcements/230501 |title= Xero raises NZ$60m from US investors |date=30 November 2012 |publisher=New Zealand Stock Exchange |accessdate=8 May 2013}} In the case of Rod Drury’s accounting software company Xero, for instance, Matrix Capital Management purchased approximately 10% of the company.{{cite web |url=http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10851205 |title= American companies put $82 million into Xero's cloud |date=1 December 2012 |publisher=The New Zealand Herald |accessdate=4 May 2013}}

Goel is an active philanthropist and serves on a number of boards at educational institutions and foundations for the arts. A lifelong beneficiary of scholarships and financial aid, he became an advisor for Harvard University's Weatherhead Center for International Affairs (where he studied as an undergraduate) from 2006 to 2008,{{cite web |url=http://www.wcfia.harvard.edu/sites/default/files/WCFIAPubsAR06_08.pdf |title= Weatherhead Center Annual Reports |publisher=Harvard University |accessdate=27 April 2013}} has been a Trustee of the Meadowbrook School since 2009,{{cite web |url=http://www.meadowbrook-ma.org/about/board_trustees |title=Board of Trustees |publisher=The Meadowbrook School of Weston |accessdate=1 May 2013 |archive-url=https://web.archive.org/web/20130715013708/http://www.meadowbrook-ma.org/about/board_trustees |archive-date=15 July 2013 |url-status=dead }} and was elected as a Trustee of Phillips Exeter Academy in May 2013.{{cite web |url=https://www.exeter.edu/governance/7856_7869.aspx |title=Meet the Trustees |publisher=Phillips Exeter Academy |accessdate=6 May 2013 |archive-url=https://web.archive.org/web/20130505123842/http://www.exeter.edu/governance/7856_7869.aspx |archive-date=5 May 2013 |url-status=dead }} He has served as a Trustee of the Museum of Fine Arts, Boston since 2010,{{cite web |url=http://www.mfa.org/annual-report-2011/visiting.html |title= Annual Report 2011 |publisher=Museum of Fine Arts, Boston |accessdate=2 May 2013}} where he and his wife, Stacey, donated a gallery in the museum's New American Wing.{{cite web |url=http://www.mfa.org/sites/default/files/Level%202.pdf |title=Art of the Americas Wing Level 2 Gallery Descriptions |publisher=Museum of Fine Arts, Boston |accessdate=2 May 2013 }}{{Dead link|date=July 2019 |bot=InternetArchiveBot |fix-attempted=yes }} He is also on the board of trustees for American Repertory Theater.

Goel currently serves on the board of Directors of Popular, Inc., a publicly traded financial holding company with more than $45 billion in consolidated assets.{{cite web |url=http://www.fool.com/quote/nasdaq/popular-inc/bpop/key-executives |title= Popular, Inc. Key Executives |publisher=The Motley Fool |accessdate=5 May 2013}}{{cite web |url=http://quotes.wsj.com/BPOP/company-people |title= Company Overview |publisher=The Wall Street Journal |accessdate=8 May 2013}}{{cite web |url=http://www.marketwatch.com/investing/stock/bpop/insiders?pid=109490572 |title= David E. Goel Biography |publisher=MarketWatch |accessdate=1 May 2013}} In 2013, Popular shareholders reelected him by a majority of 98%.{{cite web |url=http://www.businesswire.com/news/home/20130502006199/en/Popular-Reelects-Director-Elects-Director |title= Popular, Inc. Reelects Director and Elects New Director |date=2 May 2013|publisher=Business Wire |accessdate=6 May 2013}}

Goel and his wife made a $100 million gift to Harvard University in 2019 to fund its arts campus in Allston.{{Cite web|url=https://americanrepertorytheater.org/announcements/|title=Announcement|website=A.R.T.|language=en-US|access-date=2019-02-28}}

{{reflist|2}}

• [https://web.archive.org/web/20130312023858/http://exeter.edu/exeter_bulletin/12984_11918.aspx Exeter Academy Initiatives]
• [https://archive.today/20130630055403/http://www.reuters.com/article/2012/11/30/idUS15904+30-Nov-2012+MW20121130 Reuters reports Matrix Capital Management Investments]
• [http://pandodaily.com/2013/05/01/xero-a-billion-dollar-software-company-that-had-five-years-in-stealth-at-the-bottom-of-the-planet/ Xero: A billion-dollar software company that had five years in stealth at the bottom of the planet]

• [http://www.popular.com/home Popular, Inc.]
• [https://www.exeter.edu/ Phillips Exeter Academy]
• [http://www.mfa.org The Museum of Fine Arts, Boston]
• [https://web.archive.org/web/20130502071249/http://www.meadowbrook-ma.org/home The Meadowbrook School of Weston]

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Category:1970 births

Category:Living people

Category:American financial analysts

Category:American hedge fund managers

Category:American investors

Category:American money managers

Category:American stock traders

Category:Businesspeople from Toronto

Category:Phillips Exeter Academy alumni

Category:Harvard University alumni

Category:Naturalized citizens of the United States