It might seem like an unlikely pairing to appoint a young private equity fund manager to the City of Orlando’s Historic Preservation Board, but for Vijay Marolia, managing partner and chief investment officer of Regal Point Capital Management, it makes perfect sense.
The study of history and psychology are powerful informers of where financial markets will go, he said.
“If you understand history and psychology you can understand where we are heading,” said the 35-year-old Marolia, who specializes in both hedge fund and private equity investment strategies.
He lives in historic downtown Orlando and has an abiding interest in preserving the area’s history. So, one night, when he was working on his laptop at Artisan’s Table on E. Pine Street and overheard someone talking about getting younger people engaged in preserving downtown’s history, his ears perked up. Marolia introduced himself to the woman, who appeared to be interviewing another candidate for the city ‘s board.
Marolia filled out the application, and will soon take his place on the board.
“Orlando has a rich history, and it is critical that area residents work to protect the structures that celebrate that history,” Marolia said. “It is an honor and privilege to be asked to serve in this capacity on the City of Orlando’s Historic Preservation Board.”
Marolia has a Bachelor of Science degree in finance from the University of Florida and a MBA with a concentration in finance from Rollins College’s Crummer Graduate School of Business. He also has a Certified Financial Planner designation.
Before starting his own fund, Marolia worked eight years at Private Wealth Management at Heathrow, one of Central Florida’s top wealth management firms, with more than $300 million in assets under management. He was Chief Investment Officer and served as a global macroeconomic strategist, responsible for research and portfolio construction. He left the firm in 2012.
Marolia started Regal Point in 2013, and in 2015 he created two charities: Helathy, Wealthy & Wise Orlando, with a mission to improve the overall health and living standards in Greater Orlando, and also Hedge Against Homelessness, which partners with local organizations to assist the growing homeless population.
Marolia’s father, who emigrated to the U.S. from India as a teenager, sparked his son's interest in investing, and remains a role model. When he was barely of school age on a trip to the bank with his dad, Marolia asked why he was taking money to the bank. His father responded by explaining the miracle of compound interest and Marolia was hooked. From that day forward his mother’s dream for her son to become a doctor was dashed.
“My Dad always said do whatever you want, but you have to be the best at it."