Everything Julian Marchese said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Marchese: Shorting market volatility captures premium that beats market
“There's a really big premium over time of shorting that volatility, and you're basically, you're, you can beat the market just because of that, that insurance premium.”
Marchese claims a 10% market crash would not harm his fund
“We don't have beta exposure most of the time. Beta exposure meaning market exposure. So the stock market crashing 10% tomorrow doesn't really affect us. If anything, we may make money off of a move like that.”
Marchese: Fund is up ~28% since October 2015 with uncorrelated returns
“So I've been managing money since October of 2015. I'm up about 28% since then with An uncorrelated return stream.”
Marchese: Running more than three trading strategies requires automation
“Cause you can only, a human can only run two or three strategies being focused in on it. But to run 20 or 30, that, that takes automation.”
Marchese: First investor gave $75K for 1% of management company
“She invested 75,000 dollars for one percent of my management company.”
Marchese has raised $675K for management company and $5M in SMAs
“So the management company, I've raised 675,000 dollars at about an average valuation of like four million bucks. And so I've raised about five million into a separately managed account program at this point, but we're looking to launch a fund later this year.”
Marchese: First fund investors came directly from Business Insider and media coverage
“My first few investors were just people that, you know, saw an article on Business Insider or saw one of my interviews and said, hey, that's a really great story. I'd love to learn more about what you do, and then, you know, one thing leads to a meeting, and t…”
Marchese: Firm runs quant multi-strategy holding positions for ~3 days
“So I run a quant multi-strategy shop. It's, we're not buying and holding. We're on average holding positions for, you know three days.”