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Bloomberg Talks

IDW Group Founder and CEO Ilana Weinstein Talks Hedge Funds

Apr 5, 2024
Ilana Weinstein, CEO of IDW Group, discusses the resurgence of stock-picking hedge funds, highlighting the performance of Schonfeld Advisors and AQR funds. The conversation explores fund performance, talent attraction, pass-through fees, talent development, and trends in credit strategies.
07:47

Episode guests

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Quick takeaways

  • Stockpicking hedge funds are regaining popularity due to improved performance, with Schonfeld Advisors leading the pack.
  • Top talent in hedge funds values long-term growth opportunities and skill development over immediate compensation.

Deep dives

Success in Multi-Manager Strategies

Multi-manager strategies in the hedge fund industry, particularly those led by large established managers like Citadel and Point 72, have seen a resurgence after a challenging period. Schoenfeld Advisors stands out as a top performer this year, signaling a potential shift in the industry. However, caution is advised due to the risk of overexposure and concentration in certain funds. Consistency of returns and ongoing investment in talent development and infrastructure are crucial for long-term success in hedge fund management.

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