Rawdon J.H. Adams
Government Senator, Barbados
Rawdon J.H. Adams is a Barbadian politician and current Senator.
Early life and education
Adams was educated at Harisson College in Barbados. In 1993, with degrees in Economics and Political Sociology from the University of South Carolina and the London School of Economics, Adams worked for two years in H.M. Treasury (Britain’s Finance Ministry) as an Expenditure Analyst monitoring the spending of the UK’s Overseas Development Administration.
He subsequently worked for Rank Xerox in the UK and General Electric Medical Systems in France in finance roles ranging from revenue analysis, research and development cost control and inventory management. In this last role he coordinated analysis and reporting across GE Medical System’s $150m European inventory operations.
In 2000, he cofounded Sparrow Holdings, LLC an investment company focused on finding undervalued companies quoted on the US and UK stock markets. The collapse in stock market prices in 2007 led to the company developing in-house statistical tools designed to hedge its portfolio against such losses. Realising there was no comparable commercial software for the tools being created Adams founded a start-up to fill the gap in 2008.
In 2011 its first software suite was launched and in 2015, operating under the name HedgeTec SAS, it won a milestone contract with a small New York based hedge fund to both implement its software and train users. According to Bloomberg data the fund performed in the top 15% versus its peers over the duration of the three month contract. In the prior year it had been in the bottom 20%.
Adams returned to Barbados from France in 2017 to head the financial technology company Bitt Inc. as chief executive officer.
He has been a keen observer of developments in Barbados and last returned in 2010 to give the Annual Tom Adams Memorial Lecture.
On 28 May 2018, Adams was nominated a Government Senator.
Adams is the son of Barbados' second Prime Minister, Tom Adams; and the grandson of Sir Grantley Adams, National Hero of Barbados and only Prime Minister of the West Indies Federation.