Southridge Capital, a private equity firm providing investment and brokerage services, was founded in 1996. The current CEO, Stephen Hicks, is focusing his attention on Bitcoins and their recent increase in popularity, being accepted at retailers like Overstock and Expedia. Currently, financial institutions like Cboe and CME are beginning to offer Bitcoin futures. Other Finance Companies are joining in on the trend with the parent company of New York Stock Exchange, International Exchange, in the developmental phases of a crypto trading program allowing investors to purchase Bitcoin directly. This is a signal for investors to strongly consider Bitcoins as a wise investment opportunity.
Southridge Capital believes more investors should take note of this rise in Bitcoin futures options and their increase in popularity with financial institutions over the last few years. Southridge believes this trend is here to stay.
In a recent interview, Stephen Hicks, CEO of Southridge Capital, commented that the idea for Southridge came to him while working at a small hedge fund based in New York. The company’s principle ended up returning to Australia, granting Mr. Hicks a prime opportunity to start his own hedge fund, with his former boss’s blessings of course. Experience, as purported by Stephen, is what manifests ideas. Being that Southridge Capital is well known in Wall St with many companies coming to Southridge for needed financing; experience is what fuels this pronounced interest.
Talking about one of his business plunders, Stephen Hicks mentioned a company called Petals which despite the allocation of sufficient funds, went under. This blunder, although a valuable learning experience, was a financially stressful period for him. Luckily, Stephen managed to keep the company liquid enough to earn its way out of the situation. Looking into the future, Mr. Hicks is focusing some of Southridge Capitals attention on new investment opportunities for cryptocurrencies. Furthermore, he gave investors advice for what he believes will be a great business idea, starting a youtube channel for cryptocurrency news. This potentially lucrative idea could end up with an endless amount of guests discussing their unique coin or cryptocurrency with investors watching worldwide.
Stephen Kicks is the Chief Executive Officer and founding member of Southridge Capital. Having over three decades of experience in investment banking, Mr. Hicks brings a wide array of knowledge and talent to the industry. He graduated with a Bachelor’s of Science in Business Administration from Kings College and a Master’s in Business Administration from Fordham University. You can visit Facebook page for more.