Allocator of things to allocate. Views are my own. Not investment advice. DOW IS AT 50,000
San Francisco, CA
Joined November 2012
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Sadly, what's happening today will happen more and more often
Multi-manager platform blows up --> triggers simultaneous degrossing across several trillion of platform hedge fund exposure --> quant hedge funds pile on --> market crashes
Way too much money has gone into these strategies
“.. McCormick said she expects there is ‘going to be a lot more review’ of new projects. ‘What I mean by that is to start new data center build-outs today in the United States will be very challenging.’”
@WSJ $META
wsj.com/tech/ai/meta-preside…
Because multi managers and quants are significantly more levered than fundamental funds, the notional and gross dollars managed has increased even more than the graph indicates
