How Multi-Manager Hedge Funds Citadel and Millennium Work

Learn from top PMs and analysts: https://www.phoenixlearning.io

An introduction to multi-manager multi-strategy hedge funds like Citadel and Millennium. I touch on many of the basics, so let me know in the comments which aspects you would like me to go deeper into in future videos - specific strategies, leverage, risk management, market neutrality, portfolio construction, etc.

Intro
00:00 Introduction
00:09 Multi-manager returns
00:41 LPs pouring money into MMs
01:00 Multi-manager multi-strategy hedge funds

Multi-manager
01:10 Multi-manager
01:21 Team structure
01:36 How capital is allocated
01:57 "Pod-shop"
02:11 Seniority in pods
02:21 Sleeve/carve
02:45 Pods operate independently?
03:27 Summary multi-manager

Multi-strategy
03:40 Multi-strategy definition
04:00 Fundamental long/short equity
04:19 Types of strategies
04:33 Summary multi-strategy

Risk-management
04:45 Risk
05:13 Risk-adjusted returns
05:40 Economies of scale
06:15 Conclusion

#hedgefunds #citadel #millenium #finance #stockmarket

Скачать видео