Ben Eifert
speaker
517 appearances
1 recordings
1 series
first heard Feb 2025
last heard Feb 2025
Ben Eifert’s voice in public audio — every appearance, attributed to the second.
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Appearances
And then you know, kind of to Joe's point, that'll blow out a little bit after a major market crash for a little while.
Zach.
Yeah, that's absolutely right.
So, you know, multistrats are a very interesting business, but I think w part of what you're getting at is one thing that they do very well from a, you know, business standpoint.
Is they have a very short leash on portfolio managers and on pods.
They're notorious for firing you very quickly if you start to lose any material amount of money, and that's a risk management thing for them, right?
And so there's this idea that, gosh, I'm probably only going to be here for like a year or two or three.
So I sure better just make a whole bunch of money as fast as I can.
And if it goes really poorly, then it goes poorly, right?
But and so you're incentivized to do negatively skewed things.
Now, the multistrats have very good.
Risk management.
They know this.
They're not, you know, they're not silly.
So they're not going to just let you go sell a whole bunch of options, you know, naked and put a bunch of puts and see how that goes.
But you can definitely try to do more creative things that look a little bit more like relative value and maybe sneak through their risk systems a little bit better, at least in some size.
You know, dispersion can be one of those things, depending on, again, who's looking at it and how sophisticated they are.
You know, you can have a dispersion trait.
Where you're buying some single name options, you're selling a lot more index options.
You're saying, look, this is really correlation.
Showing 281–300 of 517 · page 15 of 26
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