Basil Qunibi
Founder, CEO & CIO, Atom Investors. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestoratomlp.com ↗
Basil Qunibi founded Novus Partners in 2007, pioneering portfolio intelligence and analytics software for institutional allocators and hedge funds. He subsequently launched Atom Investors, an Austin-based multi-manager, market-neutral equity hedge fund platform.
1shows
1appearances
13statements
2resolved
2supported
0contradicted
100%fully supported
Everything Basil Qunibi said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Exposure management detracts ~200 basis points annually from hedge fund returns
“Exposure management, on average, that tracks approximately 200 basis points a year from a manager's performance.”
Sample size predicts manager performance persistence better than time periods
“And so when I think about persistence, I think about it in terms of N, not in terms of T. So I think about number of observations as being a more important predictor of what will happen in the future than whether or not there's consistency in T.”
Severe liquidity deterioration when scaling AUM is fatal for fund managers
“And the first two, while they're about deterioration, the last one, liquidity deterioration, is about being in business. And it's the only fatal one of the three choices. And so, for example, I've yet to see a manager that has experienced a significant liquidi…”
Allowing hedge funds double the volatility could more than double returns
“If we could just let our managers run with twice as much of all, I think we'd probably get more than twice as much return.”
Skilled position sizing can add 900 basis points annually to returns
“And some Managers generate something like 900 basis points a year of excess return to their equally weighted portfolio.”
Hedge fund rolling three-year performance periods have a -0.15 correlation
“To give you a statistic, rolling three-year performance periods for hedge funds, correlation between different rolling three-year periods is about -.15.”
Crowdedness outperforms over time but poses extreme danger during market reversals
“Actually, crowdedness is a factor outperforms over time, but it's extremely dangerous if you're not paying attention to it.”
Allocators overly anchor manager assessments on trailing twelve-month performance
“Much of it really centered around the individual portfolio manager, the quality of that portfolio manager, the quality of the team, the quality of the process, the edge, but it often was highly linked to the last 12 months performance. We'd anchor off of that.…”
Allocators holding 5,000 equities have very little chance of generating alpha
“If you did a look through analysis in Allocator, and you owned 5000 equities, and your top 10 were nine percent, There was really very little chance that you were going to generate substantial alpha over the S&P, right?”
Some hedge fund managers generate two-thirds of their returns intra-month
“We know, for example, some managers that add two-thirds Of their value from a return perspective, intra-month.”
In 2015, 150 hedge funds owned 70 days of Valeant trading volume
“Valiant was at one. Valiant had a 150 or so hedge fund managers, and in aggregate, they represented 7000% of average daily volume. So, 70 days worth of volume was represented by a 150 managers.”
In 2018, Altaba matched Valeant's peak hedge fund crowdedness score
“And I can tell you there's three or four stocks right now that, that are in similar score to value. You know, one of them is the Altaba for sure, which is I think the Yahoo, you know, spin out.”
One line per show, most statements first. The link opens Basil's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | Founder, CEO & CIO, Atom Investors | 1 | 13 | 100% 2/2 | full record on Capital Allocators → |