allocatorpleb

e&f burner

[allocatorpleb @allocatorpleb]

I like how BBG publishes this list every month and everyone acts like it’s a big deal and it’s just the most boring list of funds you’ve ever seen in your life and everyone makes generalizations about the entire HF landscape because of it

[allocatorpleb @allocatorpleb]

@ramahluwalia What are you talking about lol the public does not have some right to know SA’s LPs

[allocatorpleb @allocatorpleb]

@Chicky_Think Thanks haven’t heard of this one

[allocatorpleb @allocatorpleb]

@pavelprata Yes - this is accurate. I look for people that are brilliant and will work harder than me lol

[allocatorpleb @allocatorpleb]

Damn word is the whole publics team at Ford just got #faded the numbers must’ve been baaaaaadd

[allocatorpleb @allocatorpleb]

Part of me yearns for a GFC style prolonged drawdown just to see the blowups and discourse on here

[allocatorpleb @allocatorpleb]

@BumrahBachi @wordgrammer Don’t come after my job dawg

But in all seriousness Harvard used to do this (more with public equities like an internal hedge fund) but people got pissed by how much money they had to pay them so they went with external funds (and still pay them, just through middlemen)

[allocatorpleb @allocatorpleb]

I’ve heard it said that all Julian Robertson did was find smart jocks and give them capital

[Milk Road Stocks @MilkRoadStocks]

Ken Griffin revealed the only thing he actually looks for when hiring at Citadel.

Not your GPA, not your pedigree nor your internship list.

He wants one type of person: the athlete who excelled academically.

Here's why that combination matters to him.

The athlete knows what it takes to win. They've also felt what it's like to lose. That experience of pushing through both, and still showing up, is something you can't learn in a classroom.

The academic side tells him something different. It tells him the person knows how to manage their time. That they have the discipline to apply their mind under pressure. That when things get hard, they'll find a way through.

Griffin calls it perseverance and grit paired with high aspirations.

That's the profile he's building Citadel's AI team around.

Think about what that means for where the talent wars in finance and AI are headed.

The people running the biggest pots of money in the world aren't just looking for quants anymore.

[allocatorpleb @allocatorpleb]

@DrCola12 @hetero_ally @yc989 Eh now I think I’m off base - maybe $5b? I just don’t see how he goes from $9b at year end to $45b without bringing in at least $5. I anectodally know a couple big name LPs that invested this year. And then he brought on a serious IR person this year.

[Speculator @TheSpeculator0]

So this guy obviously insider trades, runs his public book into the ground and because he happens to own Anthropic is still up decent, and people are defending him / want to give him more capital?

Just wire Ken Griffin your money, it's a lot easier. He also does cooler things with it than the EA cult.

[allocatorpleb @allocatorpleb]

@pitdesi Hmm maybe you’re right and I’m way off base on this. $9b aum at YE25 to peak $45b would be the 5x return then drawdown of 70% to $15b ish. Just hard to square going from 9 to 45 without inflows but I guess the reported 460% return gets you close

[allocatorpleb @allocatorpleb]

@TMTLongShort Amusing a pod guy would call running money a talent hoarding operation

[allocatorpleb @allocatorpleb]

@trevposts I’m assuming that +80% is a number for a day 1 investor. New capital that came in this year (which there was a lot of) did not have the same Anthropic cost basis. So new dollars are not +80% ytd… that’s the nuance here.

[allocatorpleb @allocatorpleb]

@hetero_ally @yc989 Contributions to his fund in the past six months must have been around $15b, so yes, on a dollar weighted basis he is negative.

[allocatorpleb @allocatorpleb]

@atelicinvest I mean “destroys” is relative. He literally lit $15b of inflows on fire in months…

[allocatorpleb @allocatorpleb]

@atelicinvest $15b lol

[allocatorpleb @allocatorpleb]

@atelicinvest Feel like I need to push back on this narrative… On a dollar weighted basis the performance numbers must be atrocious. He must’ve taken in at least $15 in LP dollars this year. He destroyed capital period.

[allocatorpleb @allocatorpleb]

@AlexKolicich Is this being ironic? There are lots of quality hfs in the Bay Area, no need for a “rebirth” or whatever

[allocatorpleb @allocatorpleb]

@endowment_eddie Adherent to the specialist model I see