Excess Returns  cover image

Replicating Hedge Fund Strategies with Andrew Beer

Excess Returns

00:00

Is It the Biggest Trades?

Seth Klarman: Hedge funds love the simple trade. And, and it's that, that sort of nimbleness and flexibility has allowed them to make 35% this year really on different elements of the inflation trade. We only use 10 big instruments and their deep liquid markets in commodities, rates, equities and currencies. The crazy thing is we think actually their biggest trades is where all the value is.

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