Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Adam Blitz – Inside Hedge Fund Allocation (Capital Allocators, EP.17)
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May 29, 2023 Adam Blitz, CEO and Chief Investment Officer of Evanston Capital Management, shares his deep insights on hedge fund allocation. He discusses the shift from focusing solely on returns to prioritizing risk management and diversification. Adam emphasizes the importance of data analysis and human relationships in selecting managers, as well as the need for disciplined strategies amid market volatility. Lastly, he offers valuable career advice, stressing the significance of passion and soft skills in navigating the finance industry.
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Introduction
- Ted Seides introduces Adam Blitz, CEO and CIO of Evanston Capital Management, a $5 billion hedge fund of funds manager.
- The conversation will explore hedge fund investing strategies and perspectives.
Adam's Career Path
- Adam Blitz developed an early interest in finance by calculating sports team winning percentages.
- He worked at Goldman Sachs Asset Management, AQR, and Goldman Sachs Prime Brokerage before co-founding Evanston Capital.
Hedge Fund Evolution
- In 2002, hedge funds were viewed as return enhancers, giving access to top investment minds.
- The industry has shifted to a risk mitigation focus, becoming more institutionalized.