Capital Allocators – Inside the Institutional Investment Industry David Zorub - The Path to a Hedge Fund Launch (Capital Allocators, EP.96)
Apr 22, 2019
David Zorub, founder of Parsifal Capital and seasoned investor, shares his journey through finance, from hedge funds to private equity. He discusses the intricate challenges of launching a hedge fund today, emphasizing the importance of a solid capital allocation philosophy. Zorub highlights the value of curiosity, mentorship, and humility in shaping an investment strategy. He also delves into the nuances of portfolio construction and shares personal anecdotes that underscore the importance of cherishing life's moments amidst the complexities of finance.
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1998 Asian Currency Crisis
- David Zorub witnessed senior bankers' reactions to the 1998 Asian currency crisis.
- This taught him that experience provides perspective during market downturns.
Talent Acquisition
- Prioritize candidates who are self-critical, team-oriented, and process-driven.
- Look for individuals who admit ignorance and handle mistakes well.
Institutionalization of Alternatives
- Institutionalization limits flexibility and incentives bad decisions.
- Flexible hedge fund models capitalize on diverse opportunities.