Odd Lots

How You Get and Actually Keep a Job at a Multi-Strat Hedge Fund

127 snips
Jul 7, 2025
Brian Yelvington, a seasoned veteran in the hedge fund arena and consultant at Carrington Fox, shares insights on the competitive world of multi-strategy hedge funds. He discusses how to land a portfolio manager position and the critical skills for long-term success. Yelvington highlights the importance of reputation, collaboration, and risk management in navigating these high-stakes roles. Plus, he draws parallels between gambling strategies and trading decisions, shedding light on the evolving role of AI in investment strategies.
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ADVICE

Get Hired by Being Useful

  • To get a first job on a multi-strat pod, be useful and understand your specific market area well.
  • Develop concrete knowledge about historical policy effects or industry-specific insights rather than hoping for instant big trades.
INSIGHT

Multi-Strats Manage PMs Like Portfolio

  • Multi-strat funds act like a portfolio of risk takers, optimizing the mix to maximize returns.
  • PMs can be fired despite profits if their risk profile is redundant or they exceed drawdown limits.
ADVICE

Reset Mental State After Losses

  • After a losing streak, it's best to get flat and take time to reset before trading again.
  • Avoid trying to aggressively recover losses quickly as it usually worsens outcomes.
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