Dan David (money manager)

Dan David is an American money manager, whistle-blower[1] and Republican candidate for congress in Pennsylvania's 4th Congressional District, which includes Montgomery and Berks counties.[2][3] David is also the founder of New York-based Wolfpack Research, a financial research and due diligence firm that was started in 2019 with support from short-seller Muddy Waters Research.[4] In the fall of 2017,[2] David and his work as a whistle-blower and China expert were the focus of the documentary film The China Hustle, which depicts how fraudulent Chinese companies stole billions of dollars from U.S. investors and retirees.[1][5]

Dan David
Born
Flint, Michigan
Alma materNorthern Michigan University
Occupationmoney manager
Known forwhistle-blower, China expert
TitleFounder of Wolfpack Research
Republican candidate for congress in Pennsylvania's 4th Congressional District.

Education and early career

David Attended Northern Michigan University and the Aresty Institute of Executive Education at The Wharton School at the University of Pennsylvania.[6] Before founding Wolfpack Research and other investment firms, David worked as a senior executive in the retail industry, including senior level positions at Finlay Enterprises, Midwest Famous Barr and Lord and Taylor.[6]

Investment career and activism

David, who works in Skippack, PA and an office in Manhattan, has been credited with uncovering fraud in US-listed Chinese companies.[7] David later lobbied Congress to change federal laws regarding the listing of China-based firms on U.S. stock exchanges.[2] He frequently appears in the business news media including on CNBC, Yahoo! Finance and Fox Business Network.[8] [9] On forming Wolfpack Research, David is quoted as saying: “With markets hovering at all-time highs, there's a desperate need for more skeptical research and critical voices to balance our financial ecosystem. Our team digs deep and asks the tough questions, and when we find wrongdoing at companies, we will howl as loudly as we can from the tallest mountain.”[10]

2018 Congressional campaign

In January 2018, David announced he would be entering the Republican primary to represent Pennsylvania’s newly formed 4th Congressional District, which includes Montgomery and Berks Counties. David, who was described as a moderate, became the Republican nominee and lost to the Democratic nominee, Madeleine Dean in the November 6th, 2018 election.[11]

Personal life

David is a native of Flint, Michigan but has resided in Montgomery county, Pennsylvania, with his wife for more than 20 years.[6] He credits some of his passion to pursue fraud and corporate wrongdoing in the financial markets from having witnessed personal devastation and poverty that resulted from broken corporate promises to the people of Flint.[12]

References
  1. Chai, Barbara. "Why 'The China Hustle' is a finance documentary all U.S. investors need to see". MarketWatch. Retrieved 2018-05-06.
  2. Olson, Laura. "Republican Dan David makes 13 candidates in race to succeed Charlie Dent". themorningcall.com. Retrieved 2018-05-06.
  3. Cohn, Nate. "The New Pennsylvania Congressional Map, District by District". Retrieved 2018-06-18.
  4. "Dan David Starts Research Firm Backed by Short-Seller Carson Block". Institutional Investor. Retrieved 2020-02-14.
  5. "Philly investor is a documentary film star on 'The China Hustle'". Philly.com. Retrieved 2018-05-06.
  6. "About Dan | Dan David for Congress". dandavidforcongress.com. Retrieved 2018-05-06.
  7. Norris, Floyd (2012-02-23). "S.E.C. Charges Reveal Fraud in Chinese Company". The New York Times. ISSN 0362-4331. Retrieved 2018-05-06.
  8. "Wolfpack Research launches to expose corporate fraud". CNBC. 2019-05-06. Retrieved 2020-02-16.
  9. "Dan David on Wolfpack Research's latest short: GTT". finance.yahoo.com. Retrieved 2020-02-16.
  10. "Dan David Starts Research Firm Backed by Short-Seller Carson Block". Institutional Investor. Retrieved 2020-02-16.
  11. Vargas, Claudia. "Democrat Madeleine Dean wins Pa.'s new-look Fourth Congressional District". inquirer.com. Retrieved 2020-02-16.
  12. "Discover a messy Wall Street scandal in 'The China Hustle'". The Eagle. Retrieved 2019-09-30.
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