Monetary Matters with Jack Farley
How To Build A Billion Dollar Hedge Fund From Scratch | Dan Rasmussen
Nov 19, 2024
Dan Rasmussen, founder of Verdad Capital and a pioneer in quantitative investing, discusses how his firm thrives on high-quality research, having published nearly 500 pieces since 2014. He highlights the essence of authenticity in building investor relationships and the compliance nuances in research publishing. The conversation also touches on fostering human capital, learning from entrepreneurial mistakes, and employing a SaaS approach to achieving product-market fit, all while adapting to diverse investor profiles in the hedge fund landscape.
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Quick takeaways
- Dan Rasmussen emphasizes the pivotal role of rigorous research in shaping investment strategies and building an authentic connection with investors.
- Rasmussen adopts a non-traditional fundraising approach by attracting diverse investors based on shared beliefs rather than strict targeting, highlighting relationship building.
Deep dives
Contrarian Investment Philosophy
The speaker reflects on their contrarian investment philosophy, which led them to choose a hedge fund route over venture capital, even during a booming period for SaaS and cryptocurrencies. Although they recognize past opportunities in tech investments and cryptocurrencies, they emphasize their interest in small-cap value investing. This choice is presented as a personal alignment with their background in deep research and historical analysis, highlighting that one's success in investing is not solely dictated by credentials or elite affiliations. The importance of finding investment strategies that resonate with personal interests and skills is stressed.
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