How to Transition Successfully to a Multi-Manager

A specific single strategy founder led fund entails different risks for star performers than does a more institutionalized professional multi-strategy fund. Single manager concentrated long short equity funds might have done well up until 2021 not because their process was so good but they were the beneficiary of an up market and you didn't have to develop a shorting skill set. You could just be long growth stocks and you basically could just sort of do fine with very lazy risk management. So in order to transition successfully to a multi-manager which is far more disciplined in its approach to risk you need to now learn a whole other set of skills that will enable you to generate consistent returns over time. These are not skills that