Prescience Point was founded in 2012 by Eiad Asbahi (founder of the Prescience Investment Group) and Ben Axler (founder of Spruce Point Capital Management). Together, the founders have over 25 years of combined Wall Street experience, and a significant track-record of successful short recommendations.
The sole focus of our company is to conduct comprehensive fundamental research, and uncover companies that are engaging in fraudulent or misleading business practices. We partner with leading hedge funds, private investigators, accountants, lawyers and industry experts to conduct our research process. We take an activist role to communicate our findings to regulators, and other public constituents.
Our firm was founded on the belief that investors deserve full and complete honesty, transparency and accountability from corporations they invest with. We set high expectations and standards for our research process and opinions, and strive to achieve the respect from our readers for our integrity, intellectual honesty, analytical rigor, and accuracy of our conclusions.
Eiad Asbahi – Managing Partner
Eiad Asbahi, CFA, is the founder and Managing Partner of Prescience Investment Group, a research-driven, performance-oriented investment firm. Prior to founding Prescience, Mr. Asbahi worked as an investment analyst with several hedge fund managers in Manhattan, New York. He began as a generalist with Sand Spring Capital, analyzing debt and equity instruments across the capital structures of over-levered companies and special situations with focus on high yield debt, capital arbitrage, and special situation equities. He went on to work in a similar capacity as a consultant with Cohanzick Management and later Kinderhook Partners. At Kinderhook he focused exclusively on analyzing small-cap equities, identifying undervalued companies with exceptional growth prospects or impending catalysts that would serve to unlock intrinsic value.
Mr. Asbahi graduated summa cum laude with a B.S. in Microbiology from Louisiana State University, graduated at the top of his MBA class from LSU’s Flores MBA program, and has achieved the Chartered Financial Analyst (CFA) designation. In 2012 he was selected as being in the top 5% of the 4,500+ analysts/ PM’s by analyst network Sumzero.com. In 2011, he was recognized by the Greater Baton Rouge Business Report as a recipient of the “Top 40 Under Forty” award, which recognizes 40 men and women under the age of forty who stand out in terms of professional achievement, leadership, and contributions to the community. He currently sits on the boards of nonprofits Boys and Girls Club, Forum 35, and O’Brien House.
Ben Axler – Managing Partner
Mr. Axler is Founding Partner of Spruce Point Capital Management, a fund specializing in uncovering small cap value investments and financial frauds. Mr. Axler is an activist short-seller and has exposed over $2.5 billion of listed stock frauds on the NYSE, Nasdaq and AMEX. Prior to founding his company in 2009, Mr. Axler spent eight years as an investment banker with Credit Suisse and Barclays Capital where he structured and executed billions of dollars of financing, derivative risk management, and M&A deals for leading Fortune 500 clients. Prior to starting Spruce Point, Mr. Axler was an Associate Director at Barclays Capital in the Diversified Industrials Group. Mr. Axler started his career with Credit Suisse in 2000, where he held roles with the Financial Strategy, Corporate Risk Management, and M&A groups.
Mr. Axler is a contributing writer to Seeking Alpha and Sumzero, where he was selected among 8,000 contributors as a top fund manager, and was profiled in the book “The Happiness Advantage: The Seven Principles of Positive Psychology That Fuel Success and Performance at Work.”
Mr. Axler graduated from Yale University with a masters degree in Statistics, and received both a Bachelor of Arts degree in Statistics and a Bachelor of Science in Marketing and Business Administration from Rutgers College, where he graduated with summa cum laude and Phi Beta Kappa honors.