A former Major Leaguer has joined a new team, setting up his own hedge fund with a well-known Web prognosticator.
Todd Stottlemyre, who pitched for five different teams over a 14-year career, has founded Desert Shores Capital alongside Joe Donohue, who runs the investing Web site UpsideTrader.com. The duo are expected to employ a high-frequency momentum trading strategy, the New York Post reports.
Since last pitching professionally in 2002, Stottlemyer, who won two World Series with the Toronto Blue Jays, has worked as a “successful stock market analyst,” according to a Toronto Star report on a recent reunion of the Jays’ 1992 and 1992 championship teams. Stottlemyer is the son of former New York Yankees pitcher and long-time pitching coach Mel Stottlemyer.