How to Succeed at Multi-Strategy Hedge Funds
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 May 2024
⏱️ 52 minutes
🧾️ Download transcript
Summary
Multi-strategy hedge funds are all the rage right now. But there's also a lot of confusion about what exactly they do, and how the the so-called "pod shops" differ from more traditional hedge funds. In this episode of the podcast, we speak with Giuseppe 'Gappy' Paleologo, a long-time veteran of the space. In addition to writing books about quantitative finance, Gappy was director of risk and quantitative analysis at Citadel and head of enterprise risk at Millennium, among many other jobs. He walks us through what multi-strat traders actually do all day, what makes for a good multi-strat candidate, and how to win in the pod shop game.
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| 1:28.0 | Joe, I know we did one episode on Pod shops. |
| 1:32.0 | Yeah. On multi strategy hedge funds but it was primarily focused on their impact on the |
| 1:39.2 | market and I have to say I still came away from that conversation sort of wondering if I worked at a pod shop |
| 1:46.3 | what is it exactly that I would be doing all day? I would love to know the exact same thing. I mean like I guess I have this like very vague sense of sort of they have a bunch of people all focused on their specific areas and the sort of average out and they net out a bunch of stuff and it's |
| 2:03.9 | capital efficient and you know it's like market neutral in theory and |
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