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

07-07-2025

Multi-strategy hedge funds, composed of lots of individual portfolio managers, have seen assets under management boom in recent years, thanks to astonishingly consistent returns throughout the cycle. If you're one of the PMs, the money can be incredibly lucrative. But job security is fickle, and it's easy to lose your place on the team. So how do you actually get your seat and keep it? On this episode, we speak with Brian Yelvington, a consultant at the recruitment firm Carrington Fox. He's also a longtime veteran of the industry, having been a trader at many large firms. He discusses how people get their foot in the door, the skills needed to succeed, and how to think about optimizing returns while avoiding ruin.

Hashtags

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

JPMorgan Lifts PT on Nu Holdings (NU) to $16 From $14.50, Keeps an Overweight Rating

Yahoo

25 minutes ago

Yahoo

JPMorgan Lifts PT on Nu Holdings (NU) to $16 From $14.50, Keeps an Overweight Rating

Nu Holdings Ltd. (NYSE:NU) is one of the best NYSE stocks to buy under $20. On June 30, JPMorgan raised the firm's price target on Nu Holdings Ltd. (NYSE:NU) to $16 from $14.50, keeping an Overweight rating on the shares. A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor. The firm told investors that it is 'bullish on the name,' and is raising its estimates by 4% in 2025 and 2026. It reasoned that it sees tailwinds ahead that comprise resilient loan growth, along with net interest margin and credit card loan yield potentially rebounding. Headquartered in George Town, Cayman Islands, Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services. While we acknowledge the potential of NU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

At last, a humanoid robot masters the chore we all hate

Digital Trends

27 minutes ago

Digital Trends

At last, a humanoid robot masters the chore we all hate

A couple of weeks ago, we watched in awe as Figure's humanoid robot grabbed clothes from a laundry basket before deftly depositing them in a washer. It was all very impressive. In a follow-up that offers a glimpse of a future where humans can finally ignore this wretched chore, Figure has shared another video showing the same robot folding freshly washed towels before placing them in a pile. Today we unveiled the first humanoid robot that can fold laundry autonomously Same exact Helix architecture, only new data — Figure (@Figure_robot) August 12, 2025 The California-based tech company said it's the first humanoid robot capable of folding laundry 'fully autonomously,' a statement that will surely cause millions of people around the world to call out at once: 'So where can I get one?' Well, more on that later. Recommended Videos To conduct the process, Figure 02 uses the same Helix Vision Language Action (VLA) model that the company has already deployed for industrial logistics tasks, but now with a new dataset for laundry folding. To be clear, the robot performs the laundry task without teleoperation or specialized hand-coded instructions, relying instead on an end-to-end neural network. As you can see, the robot uses multi-fingered hands to competently pick towels from a pile. It also performs different folding strategies, recovers from errors such as grabbing multiple towels at once, and carries out fine manipulations — just like a human. The video demonstrates real advances in one of the areas that robotics engineers still find extremely challenging: manipulation of objects, especially soft, flexible ones. Indeed, the robot's impressive ability to handle the humble towel looks like an exciting step toward such machines being able to cope with other non-rigid items, opening them up to a plethora of other tasks in a broader range of settings. 'Folding laundry sounds mundane for a person, but this is one of the most challenging dexterous manipulation tasks for a humanoid robot,' Figure said in a post on its website. 'Towels are deformable, constantly changing shape, bending unpredictably, and prone to wrinkling or tangling. There's no fixed geometry to memorize, and no single 'correct' grasp point. Even a slight slip of a finger can cause the material to bunch or fall. Success requires more than just seeing the world accurately — it demands fine, coordinated finger control to trace edges, pinch corners, smooth surfaces, and adapt in real time.' While Figure is currently focused on deploying its humanoid robot in industrial locations, it will — tantalizingly for all of those laundry haters out there — begin testing it in home settings this year. Figure has yet to mention pricing and other purchasing details for individual customers, so for the time being at least, the laundry will continue as a regular chore for most folks. But this humanoid robot certainly offers hope …

Manhattan Apartment Hunters Face Record Rents and Bidding Wars

Bloomberg

28 minutes ago

Bloomberg

Manhattan Apartment Hunters Face Record Rents and Bidding Wars

Manhattan apartment rents hit a record high for the fifth time in the past six months. New leases were signed at a median of $4,700 in July, up $75 from June, according to data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman. Rents surged 9.3% from a year earlier, the second-biggest annual jump in the firms' data going back to 2008.