The Most Popular Hedge Funds Positions Going Into COVID

Every hedge fund worth it salt had epidemiologists on staff educating themselves about what was going to happen. The most popular hedge funds positions going into COVID were thanks tech stocks things like that. So we can actually see the value shift and those two moves adding risk before in anticipation of further market gains. And so back to your question about equity short is, there is no strategy where you can say, Oh, this year, our long-term alpha is going to be 190 or 210 basis points per annum. It's not a zero sum game. We don't override the models but I spend a lot of time trying to interpret what we're hearing from alligators family offices"

Play episode from 52:30

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app