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

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Brian Yelvington, a consultant at Carrington Fox and former analyst and PM at several multi-strategy funds. They discuss the inner workings of multi-strategy hedge funds, focusing on how portfolio managers (PMs) are evaluated, hired, and incentivized. Yelvington explains the importance of defining one's "edge," managing risk, and the metrics used to assess performance. The conversation covers the role of analysts, the constraints PMs face, and the psychological impact of drawdowns. They also touch on the use of AI in research and strategies to avoid groupthink among PMs, providing insights into the competitive and high-stakes world of multi-strategy hedge funds.