CNN: Inside a hedge fund

As stock markets brace themselves for more turmoil, Nina Dos Santos gets a glimpse inside a hedge fund.

[@rehmsmeyer]

"Must be quite stressful." The type of stress these guys have to deal with is indescribable.

[@Theuploader5555]

beswick1111 while it is fantastic that you are a cab driver, you aren’t describing stress. Your job is hard labor. The difference is that you don’t have other people’s money riding on YOUR success. These big time managers don’t have the luxury to fuck up. If they fuck up once, it’s over for them. Yes they get paid a lot, but they get paid a lot because if they didn’t, nobody in their right mind would want to do it. It also takes decades of experience to become good at trading for a large hedge fund. Best of luck to you my friend. Another persons stress does not need to be downplayed just because they get paid more than you do.

[@Njliving22]

beswick1111 get a new skill and stop your complaining. You get paid nothing bc most people can do what you do. It’s not hard to drive a car. Life is short. Too short to do something that’s too stressful for little pay

[@Theuploader5555]

beswick1111 different kinds of stress. Yeah man it sucks but you gotta do what you gotta do. The grass is always greener on the other side. You have absolutely no idea what these guys go through. All you see if survivors bias. You see the ones who make millions and millions a year. You don’t see the ones who lose everything and have millions in debt. You couldn’t understand what these guys go through. Best of luck to you though. It really is honorable being a driver so know that at the very least, I do appreciate it.

[@seewhyaneyesee]

beswick1111 Damn, I do not have anything to say other than take care of yourself, Sir. I am a dropout doing hard labour myself and I do know how much it sucks, I am sorry for the stress you have to deal with... stay strong, Sir.

[@fatinnoor2422]

@beswick1111 How much value you add to the economy + How many people you serve = Your Payout

[@allstarmark12345]

1:55 lol serious technology just because there are monitors

[@erwin2869]

Haha

[@ankurbaruah3955]

Multi time frame analysis,perhaps..

[@yoyu2567]

Their 10k each

[@jinxy7869]

@@ankurbaruah3955 multi timeframe analysis and technology aren't the fruits to put in a same basket.

[@nc8087]

No its cause they have bloomberg terminals

[@INCNetski]

Then, everything changed when WSB attacked.

[@PHYSIZIST]

@@Alex-bq8qd give it a few weeks and see what happens ;)

[@J.T.A]

@@Alex-bq8qd They were bailed out by banks like JPMoragan and Goldman Sachs and other hedge funds

[@jakewallace9060]

@@J.T.A ITS STILL HAPPENING

[@J.T.A]

@@jakewallace9060 what's still happening?

[@yansoleto6700]

stfu kid

[@OiVinn-eq1ml]

Looks like he’s about to go crazy

[@taromakino3983]

looking at monitors aligned vertically - "this is some serious technology here"

[@peterwilkins7013]

Wait till she walks into a branch of Currys and sees all the screens there.

[@mclaren855]

700 million is a minnow in the hedge fund world

[@andreatrunfio8499]

It's an average entry level. Small fund of course, looking at becoming bigger

[@dogestranding5047]

***** Yeah they should. Probably don't work hard enough or have a bad track record. Maybe they just have a bad strategy. Some hedge fund guys become multi billionaires after a few years. Hopefully that's gonna be me someday. I study this stuff a lot. I have several books and do a lot of my own research.

[@andreatrunfio8499]

Nice John, can I ask you where did you learn to code? And if you know any available course to learn it?

[@dogestranding5047]

***** How can you be so sure that most investors for a startup hedge fund are from IT companies and generally younger? I know that there are quite a few activist hedge funds, and plenty of investors and speculators who need these high returns. If you get a good track record for a period of time, investors will want to invest in you. You could also show the investors a sound plan and strategy that might convince them that value is the right way to go. Plus activists can add value to companies by changing the management or helping them out in some way. I know that William Ackman had to go to hundreds of investors just to get a few who would actually invest in him, Paulson started off with only a few million or maybe a few hundred thousand, Loeb started with only three million.

[@dogestranding5047]

***** Many fund managers opt not to even pay themselves in the first few years. If you're wise with your money and know how to keep costs down, you'll be fine.

[@adelgamal518]

It's actually really stressful;Look at the guy eyes.

[@amajiwa]

you clearly did not know what on earth you were reporting about.

[@Hypocrite420]

I agree even 7Years later lol.

[@tommunt-davies3927]

@@Hypocrite420 how you know? and so what?

[@thestratigic1631]

This aged well

[@keiarash5058]

As a guy who has traded some of my own money, I can't imagine how difficult it is to trade millions of dollars. These guys must have nerves of steel

[@jameslow5738]

Lol it’s actually the same clicks on a mouse as you but with more zeros

[@azca659]

@@jameslow5738 lol my ass, different sums of money different psychology

[@MorganBallardWheeler]

And millions of dollars of other people's money, no less.

[@keiarash5058]

@@MorganBallardWheeler Doesn't mean it isn't stressful. Hedge funds have targets and expectations to meet for their investors. If they don't, investors pull out and they're out of business.

[@MorganBallardWheeler]

@@keiarash5058 I think you misunderstood my comment. My point is while it’s stressful to trade you own money, it’s even more stressful to trade someone else’s when, as you put it, if you don’t do well you’re out of a job.

[@BC-uu6iz]

this hedge fund manager was describing cryptocurrency already and this was documented in 2011

[@rick8575]

I bet this guy loaded the crypto boat early and made a sh*t ton

[@SimonChengHK]

thanks for upload

[@polok890]

Buy and forget it. Your time and life are more valueable

[@joshspringsteen4367]

Hedge fund manager buys Bogdanoff “dump eet” Hedge fund managers tries to short Bogdanoff “pump eet”

[@mitchgilbert6894]

Don’t bring Bogdanoff into this

[@weebgrinder]

il a acheté? jette le

[@mark.lawrence]

risking your own money is stressful... this is a bloody joke...

[@Shannmeister]

Assets classes have varying degrees of correlation. If they were correlated full stop then everything would go up and down at the same time.

[@ericknyamu]

as long as the hedgefund's performance matches his/her fees i have no problem

[@blakeisdope]

1:40 this is why only 3% of alternative asset managers have lasted over 20 years. Generating alpha is actually very difficult to do consistently

[@habibbialikafe339]

I thought alt assets was PE, RE, etc.

[@caniripurjuul8142]

@@habibbialikafe339 alternative assets include hedge funds as well

[@habibbialikafe339]

@@caniripurjuul8142 i think if ur investing in hf's, like fund of funds, then its alt assets, but a hedge fund that invests in only public equities wouldnt be considered such. I was talking about the latter

[@caniripurjuul8142]

@@habibbialikafe339 dude it is. Hedge funds don’t invest solely in equities, they diversify across broad asset classes which provide the diversification benefits that say an etf or mutual fund cannot provide.

[@habibbialikafe339]

@@caniripurjuul8142 some hedge funds do, especially more recently. but traditional style hedge fund might only invest in public equities, which is what i was referring to. idk why u seem to be getting defensive, not being argumentative just elaborating on my statement man

[@GothamsHero_]

Niice setup Lex!

[@ponder2006]

Did she actually say Gold has no utility? WTH

[@s2rg11]

700 mil is nothing

[@timmysig]

Fun fact: Gold was 1700 in 2011 and after dipping to 1k in 2015 and crossing 2k in late 2020, it's back right around 1700 now. In trading, it really is all about the timing.

[@kdpowers]

And timing the market never works unless you're cheating.

[@Chadhogan111]

​@@kdpowers No timing the market is exactly how you make money

[@sethgordon9569]

Aaaaaaaaaand it’s gone

[@AlexPrimus]

His gold call was wrong but at the time it's fundamentals was solid. No one saw the global commodity bear market coming so I can't blame the guy.

[@rudysmilt7362]

l

[@IvanTsurikov]

was it wrong? truth it we don't really know. he could have changed his mind 30 minutes later.

[@MrStrange1984]

Well, they mentioned 1700+ levels at that time. Atm it's around 1300 so yea..

[@IvanTsurikov]

clearly you don't understand how a hedge fund works. he can have a trade and the next day he can close that position or even reverse it. its not buy and hold.

[@MrStrange1984]

He sais "You buy gold". That part was wrong at that level and when he said it. That was my point. I do know that you can close a trade...

[@cyyem7721]

2:35 and then Gold prices fell 40% over the next 5 years... 🙄

[@brettkahn9068]

This was recommended in 2021. During the whole GameStop thing

[@official_ashhh]

hedge funds are big in trading and lucrative banking sector and detrimental in stock exchange. important portfolio management

[@karelparagh4030]

Great trading room

[@mariofilo8468]

When I invest into a company, I make opportuniti for company to invest to research or production so I am creating work places un-directly

[@justwrapapi]

All this and can't beat an Index Hahahahah

[@JPrince-rl2bf]

I think he doesn't care, he still makes money for himself

[@nycoolj3]

COVID-19 Seattle are you the covid spreading around the seattle area!?

[@yaykruser]

COVID-19 Seattle 8 figures? I wish I made 5...

[@scottjacobs255]

@COVID-19 Seattle Lol I don't think anyone would disagree that the hedge fund managers don't care about beating the index, they get rich either way taxing there investors, and the more money under management the more they earn, largely irrespective of returns. I would argue that they are motivated to produce very average results so as to ensure theres no outflow of funds, a pretty poor structure imo. The investors on the other hand are most definitely interested beating the index (or at least they should be). But hey, if you wanna aspire to be someone that taxes gullible investors to make yourself rich then more power to you.

[@moneyprintergobrr6501]

Ah yes, the current passive index holy grail. Let us know how well that went in 25 years 😉 BTW too dumb to figure out you can get more returns with hedge funds by using them as an additional uncorrelated holding?

[@jajalshadow]

one of those terminals theyre using cost 30k dollar a year.PER TERMINAL.god damn

[@muabyt7333]

The makret performes on average 8%. 700 million * 8% = 56 millions in profit. 30% goes in the pockets of the traders. With 16 million pounds per year i think they can afford it :-)

[@jasonmorgan9944]

That terminal is part of the reason they're earning so much!

[@thomasbaird7004]

Manny Dorsey i think its a bloomberg terminal and they are really good apparently. Dont know why

[@freegiftcardglitch]

I know

[@ak81]

Aaaaand gold fell

[@fredriceriksson8611]

+aqeel3344 And it's up agaaaaaaaiiiinnn... yay!

[@MrSupernova111]

Gold is trading at 1352. In fact, this is the highest it has been since it was at 1700. Goes to show some of these hedge fund managers are full of excrement. www.apmex.com/spotprices/gold-price

[@mraso30]

Yeah that part made me cringe, but 2011 was a way different time. I mean, those times are coming back soon, but in 2011 people were actually aware that fiat currency is fucking fool's gold. How quickly we forget. I'm buying some bullion myself soon, expecting another bull market for gold in the coming years. That, or insane inflation which simply makes the gold worth way more by virtue of the inflation, unlike the dollars sitting in my bank account which won't grow one little bit when inflation hits us hard.

[@onee]

aqeel3344 This video is from 2011. You commented in 2016......

[@emsbzrr8024]

Aaaand you said ?

[@jimbojimbo6873]

This was 12 years ago, I wonder how much this has changed in that time.

[@nothing-wp9ti]

I don't think this hedge fund is very good. Why don't they have some utility programs to make it so they don't need to watch 6 screens at once?

[@dawnmockeridge7657]

nice this really help.

[@chaibreuer7949]

Is this guy from the Netherlands?

[@nderimzenuni1142]

buy gold, gov bonds, and put the rest in the bank? seriously?!!! that might be the call now but not back in '11.

[@yoyu2567]

He probably just said the thing that sounded the most confusing for the camera and then did a different thing

[@editg121]

There are better commodities out there like Silver or Copper.

[@yves7778]

And still 3/4 of the hedgefunds make less money for their investors than just buying an ETF. 😂

[@BioOfficialChannel]

@Councilman Les Wynan Actually Nasdaq 100 and World Momentum Factor have better yearly returns.

[@BioOfficialChannel]

Yes. Not by that far (10,4% vs 10,8% if im not wrong). MSCI world momentum remains better than those two by the way, because it has performed an excellent 11.5% yearly since its creation (1994).

[@matty5690]

they don't have to, different investors have different needs

[@Mister.Unknown]

-"So wadaya think erm... Harry, Should we buy that stock or Should we wait?" -"What the fuck are you talking about I just bought and sold it again 45 times since yest... oh the CNN was today?"

[@mikesym9425]

people who bought gold from this must of been pissed after GS shorted its position a few months later!! i like lex thou :)

[@kentheengineer592]

2:25 yes they can and its called lab grown metals duh its been a thing and money is generated electronically which is better than money growing on trees or in the u.s. case on farms via plants whats difficult to understand is how property is claimed and then traded relative to each government then finding people who have lots of property to trade in high volume via portfolio sales which is what i do

[@deshonejohnson9750]

im nervous when im trading with 5,000 never mind million lmao

[@unjust7156]

long term investment is the easiest on the brain.. i tried trading for sometime , and i just couldnt sleep for days. then i decided to invest for long term after studying the market feels better

[@TWWIW]

Samee

[@mikebrotschol4230]

Deshone Johnson jdfAhabtd ckvbvjxjcjjxhxbjfH NV😟😉😟🤓😌😛😞😋😘😍💩👹👹🗂

[@gaatjeniksaan336]

I think it that the amount of nerves u get when investing money doesnt get determined by the amount, but more of the part of ur money. When I started investing I firstly started with 10% of my money, and when I got to know the basics of it I investing all of my money (only 16yo btw so I dont have to pay bills etc) but when I did, I was only the first few days kinda worrieng but then I got used to it and didnt got trouble by that anymore.

[@VivaMessico]

its other peoples money so...

[@ryanw9051]

Hey Jeemy, should we buy this stonk? Yeah I think it will go up Gets paid 20% bonus Did I miss something?

[@intlcap]

Gold at 1700 in 2012 (video release date), Gold at 2000 in 2024. A 17% return in 12 years 💩

[@blogblock]

-Quick, how do i argue with a hedge fund manager?- "Gold has no utility" would love to see your phone function without it then

[@unjust7156]

how so ? .

[@Dr.HouseMD]

Agnostic gold is used in the chipsets for smartphone devices because of its anticorrosion properties and its conductivity. Apple extracts tons of gold from recycled iPhones in order to reuse it in other devices.

[@rick8575]

Wait till he finds out about Bitcoin

[@ksuhdilla]

Did they really have to do a close up of him drinking coffee and smacking his lip looking off into the distance? Is that what a hedge fund do?

[@valpen19]

Can't stop, won't stop, GAMESTOP.

[@J.T.A]

That’s well over by now

[@pranavbattu1877]

@@J.T.A It's trading at 267.71 as of Saturday, March 13, 2021, so it's not completely dead, but it will go down eventually.

[@J.T.A]

@@pranavbattu1877 I meant it’s over in the sense that hedge funds are no longer affected

[@habibatsalihu6291]

*I'll Never forget tö great Effort of coretechie For Keeping us To his promise he's such a Genius*

[@ChoubiM]

Looks like they are having so much fun lol

[@VannaVolga]

Those guys are dinosaurs.

[@jorgerobertohernandezcastr5740]

Money is freedom, no risk no reward

[@brickstunram9391]

If that was serious advice ( buy gold FIS and deposits) id be concerned if had my money sitting in their pool

[@user-ok6ef9zn4f]

Brickstun Ram that was 6 years ago. 2016 had an epic gold run only to crash terribly

[@maclarsen2]

* * yeah because of the usa election there was fear and sfter people realized it would be fine it drops ...gold is almost like a safety net in my view you wont really make much if of it but you can trim it in your portfolio when things like that happen

[@user-ok6ef9zn4f]

Mc_Claw Larsen oh, you can make a ton off of gold. perhaps not the metal it's self but gold companies and ETFs that represent gold. take a look at an ETF jnug. went up about 500% in 2016 I think. of course it did crash after the election though

[@heyhandsome8079]

Hedge funds dont trade like you guys who have 1 or 2 massive positions at a time. They trade with many traders who have diversified and hedged portfolio. So their risk is well reduced. So even if they lost money on gold, they only probably had couple % of their funds in gold anyway. You are not even in the same league comparing your knowledge of trading to them.

[@adeled8833]

Why do they have so strict requirements for interns then? I wish to work in hf or at least have an internship in hf, but I need years of practice doing some unrelated bs. I like people who treat stocks like their babies, it makes corporate culture alive, going and upbeat

[@ft4735]

Hf usually dont offer internships

[@peterwilkins7013]

'It manages no less than nearly 2 trillion dollars'. What's that mean? It's either 'nearly 2 trl' or else it's 'no less than 2 trl'. It can't be both.

[@tachyonzero]

Are those Bloomberg Terminal?

[@arnoldpeperoni]

tachyonzero yes

[@f581474x]

Last time I check gold was the ultimate super conductor. I we do manage to perfect a quantum computer it will most definitely use a lot of gold

[@Raphmlynarski]

This guy has a person over for an interview and doesn't bother to give them his attention. I would have been out of there in minutes.

[@dogestranding5047]

Pretty sure he's just showing his Bloomberg Terminals to them.

[@fuelmmma]

Glad retail traders are taking them down.

[@mrzipdisk]

lol, buy gold at the top, he was probably selling it then. govt bonds lol.

[@andreasbn]

+mrzipdisk Buying EU govt bonds were pretty good at that time. Look at yields in EU now. Most likely a very shitty investment now....only ECB buys at these levels!

[@wisegp2853]

he was giving a long term view on it.

[@yves7778]

Government bonds are interesting for big investors. Millions would upset a stock, and rapidly increase the price of that stock and closing your margin. With bonds you’re buying debt, and that doesn’t get upset by many millions.

[@the_growth_mindset.]

Hmm. How insightful.

[@hoonaignachowaneha]

Should we buy it harry?

[@adammaxi]

it is scary how easy I can identify if someone is Dutch lmao

[@SuperLA46]

Lex you spend so much time thinking about stocks and charts but very little it seems about posture. Also, might be civilised to look directly at the interviewer when answering her questions.

[@curtiscarpenter9881]

I'd love to sell out to a hedge fund and build and flip a business.💵💴💷💶💰

[@evalolacookie]

AMC GME NOK DOGE 🚀 🚀

[@summerrr1]

He's looking at his screens even when she's talking to him. What a crap life.

[@techfornoobs4241]

thats a crazy life

[@2pogiyou]

Hi ;)

[@Hypocrite420]

Becoming a fund manager is no joke. Joke begins after...with investors money.

[@naeemawan3165]

nice

[@someguy1143]

Guys like this is why you buy and hold. Just assume everytime you make a trade there's a guy like this taking advantage. So trade less.

[@kirstinetermansen8360]

Rip Chris Stevens

[@forever_golfer1981]

Doesn’t take a brain surgeon to know that hospitals are a good investment.

[@ashleybenitez9300]

1 word . GameStop

[@shakes7549]

AMC to the Mooooooon

[@muhammadsaria5622]

😂

[@jameslow5738]

Lol he’s so right at 1:40

[@Gaylord69420]

How so?

[@ericbowiesvoice2372]

This guy looks exhausted

[@stefanoaquilino9649]

Literally gave away no secrets , didn't even mention buying equity haha , just buy stuff that won't capital appreciate while we clean up high quality shares

[@tanner9956]

Understanding the stock market is so easy. The hardest part about investing is finding the stock. And especially if your diversifying like crazy and also it seems like he’s trying to time the market. But he’s probably making a ton of money just by getting 2% of assets

[@tanner9956]

@Saami Zakir it’s easy first ask why did you buy it and if the reason you bought it changes then sell its that simple

[@tanner9956]

@Saami Zakir and sizing your portfolio is all on the opportunity is it a once an a life time one because when I see a once in a life time opportunity I go all in

[@Dragon-Slay3r]

That was the right arm on the palm beach tree aka you ran yourself

[@ludwigwladimirdorner3691]

Let’s hold our #AMC guys! 😎🚀🚀🚀💎💎

[@almondlove1865]

No but Fed nots worldwide

[@Sonia.Hartman]

From what I can see from the equipment that's being used it just looks like an expensive day-trading setup. Yet this firm is supposedly trading with hundreds of millions of dollars in capital. Fascinating.

[@dileepkumar-zg9ui]

Monitor left side

[@casrijnierse830]

I hear in his voice that he is Dutch

[@rv10flyer84]

It's just a game for them. Greed, corruption, lack of integrity for 416 years has caught up with us Americans. It's about time for a big well-deserved fall.

[@abbyboyone]

i thought he was 50 years old

[@yoyu2567]

When in reality his 16

[@yvesms]

​@@yoyu2567underrated joke😂

[@manishmahaveer7499]

A huge potential project deal in real crypto world with valuable mark. This wonder how does thunder?

[@brendansmith7842]

That strategy wouldn't have worked very well LOL

[@vitor4944]

hehe

[@sticksman1979]

She’s smoking!

[@steddyeddy01]

hah, 1700 not enough for gold...

[@CheapAquaman]

Actually it is not enough. Price right now reflect paper gold thats been traded which is also very easy to manipulate. Once there is a shortage or trouble in the economy the price could even double easily.

[@jaw1489]

She says gold has no utility? It's used in wiring and heat management all the time. And it just makes people happy

[@SamDustin0077]

360p video from cnn. they must be poor.

[@turlur]

dat bloomberg terminal kinda bussin

[@SuperLA46]

And you are very judgemental. I didn't day that I didn't respect LVD (I do!), I am merely observing what I see and responding. For some reason that is not acceptable to you.

[@samkh4205]

I’d rather have it that a piece of paper you can print truest thing EVER

[@therenaissanceman441]

Is the stress of managing a hedge fund more than being poor and stuck in a dead-end job?

[@hanamichimakunuchi500]

Imagine buying bitcoin..

[@kk1192ification]

I want to be Lex van Dam one day.

[@kk1192ification]

+ML8593wy Maybe but he is the best among many in his trade!

[@vishalsinghal8831]

me 2 After watching million $ traders ....long time back I m his die heart fan. facebook.com/trader.vishedge

[@dawoodwaris]

It's not worth it speculating in the market like Lex, you'll make less money at the end. You'd be better off and less stressful investing in the long term by buying undervalued companies.

[@kk1192ification]

Yes you are right, building a long term portfolio is good. But there is no denying the fact that hedge fund managers can't only go for long term investments since they have to appease a diverse group of investors. Speculation if diligently done can keep the profits churning.

[@onee]

dawoodwaris Nowadays you're competing with artificial intelligence though. Which means less profits in the long run unfortunately.

[@user-pb9ey2rh1f]

This guys buying Bitcoin now.

[@JasonJohnson-kq2eq]

If you have money in a hedge fund and have confidence in humans, you are insane. Treat money like you actually have it. Yes that’s an insult.

[@feuers1]

I am a beginner trader and your Telegram channel helped me understand many explanations, thank you!

[@19billdong96]

Buy gold, buy bonds, put money in the bank. Does he just think all CNN viewers are financial idiots or does he actually think that is a smart thing to advise...?

[@Hawktotalwar]

No, is actually the safest investment you can make. Gold is a physical thing but investing in private equity those are just numbers on a paper. Physical goods always come in a value and have a use for.

[@19billdong96]

Curtis I Equity is ownership of income generating businesses that typically owns a wide range of physical goods. The price of a stock does not always reflect its company's earning power, therefore its price doesn't always equal its value; but gold is almost solely priced by the whims of the traders and its value is identical to its price. Therefore, while the value of a stock will eventually be reflected in its price through reversion to the mean, gold prices can be arbitrary and is based on the traders' emotions not some underlying value.

[@lenimentus4698]

Thats what I thought lol

[@jinx5005]

+Curtis, how do you value gold vs an income generating business. Gold is way over-hyped.

[@dawoodwaris]

Warren Buffet would throw up hearing his advice.

[@stuckonaslide]

then everything changed when Biggus_Dickus69420 attacked