Youngest Black Hedge Fund Owner Opens Investment Firm for Black Institutions

Fredrick D. Scott on Monday announced that he was creating Fredrick D. Scott, LLC, a venture capital and private equity firm that will invest in and acquire” minority-focused financial and banking institutions.”

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Scott was the head of ACI Capital Group, LLC (ACI), a investment banking and advisory firm that managed with $3.7 billion in assets. He was named Ebony magazine’s “Top 30 Under 30″ in 2010. At 26, Scott was the youngest African American hedge fund founder in history, according to his website.

“My goal is to redefine and advocate for economic sustainability and wealth creation in our community,” said Scott. 

Read More: http://www.blackenterprise.com/money/investing/fredrick-d-scott-starts-investment-firm-for-african-american-institutions/

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