The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Multi-strategy platforms will continue consolidating market share and trading talent
“But if you look at it over five, 10, 15, twenty-year periods, I think the secular trend is going to be sustained. So if you look at the market share in terms of investor dollars, or the market share even more so in terms of the alpha pie in the markets, or the…”
BAM delivered 20 positive years out of 21 with zero correlation
“We've had, knock on wood, 20 out of 21 positive years, and very consistent volatility, and drawdown management, and Zero correlation over that time.”
Multi-strat funds survived Schonfeld's early days while single-manager funds failed
“If you look today and see how many of those funds are still around, very, very few of the single manager funds are still around. But the multi-strats we invested in at the time, most of them are around.”
Cross-strategy infrastructure will increasingly differentiate hedge fund returns
“More and more, I think that's going to be a differentiator in return because the commoditized stuff that's fairly easy to do, by definition, more and more people are going to do that.”
BAM has averaged 4% to 4.5% volatility over five years
“We've averaged about a four to four and a half percent vol as a fund for the last, I'd say probably five years.”
Multi-strategy platforms hugely outperformed single-manager hedge funds in 2022
“So last year, the Multi-strap, multi-PM space, hugely outperformed the single manager space.”
Balyasny reinvested broker commissions into his personal trading account at 18
“Turned 18, I was licensed as a stock broker, got a job at a small firm, mostly cold calling, trying to get new clients, and I started reinvesting the commissions that I earned from being a broker to my own trading account.”