How You Get and Actually Keep a Job at a Multi-Strat Hedge Fund

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 7 July 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Multi-strategy hedge funds, composed of lots of individual portfolio managers, have seen assets under management boom in recent years, thanks to astonishingly consistent returns throughout the cycle. If you're one of the PMs, the money can be incredibly lucrative. But job security is fickle, and it's easy to lose your place on the team. So how do you actually get your seat and keep it? On this episode, we speak with Brian Yelvington, a consultant at the recruitment firm Carrington Fox. He's also a longtime veteran of the industry, having been a trader at many large firms. He discusses how people get their foot in the door, the skills needed to succeed, and how to think about optimizing returns while avoiding ruin.

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Transcript

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0:00.0	This is an IHeart podcast.
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0:55.6	Bloomberg Live.com slash sbs
0:57.9	dash Singapore. That's
0:59.5	Bloomberg live.com slash
1:01.3	sbsbs dash Singapore.
1:07.0	Bloomberg Audio Studios
1:08.9	Podcasts Radio News.
1:20.5	Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Wisenthal.
1:27.4	And I'm Tracy Al-Away.
1:28.8	Tracy, there's a lot we've discussed about multi-strategy hedge funds, but there's still a lot we don't know.
1:34.7	And specifically, although I've come to learn things about comp and alignment and the importance of risk management and risk models and all that stuff. I actually don't know like how the pods make good trade.
1:49.7	This is part 298 of our attempt to understand multistrat hedge funds.
1:55.0	That's what it is.
1:55.8	But you're right.
	...

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