Multi-managers are raising day-one external SMA tickets to $400 million
Derek Drummond · Will England, Derek Drummond, and Tony Caruso – Disintermediating Pod Shops (EP.501) · May 11, 2026 · at 50:44
Derek Drummond of SWIB describes the increasing competition for hedge fund spin-out talent against major multi-manager pod shops.
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“This space is getting more competitive. Now, the big platforms are allocating external managers. Getting access to that next talent coming out the door is getting a little bit harder. Getting a separate account for a hundred million dollars on day one, they're starting to get two, three, four hundred million dollar tickets.”
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