{"podcast":{"title":"Odds on Open","slug":"odds-on-open-7262993","podcast_index_feed_id":7262993,"rss_url":"https://anchor.fm/s/101506278/podcast/rss","website_url":"https://podcasters.spotify.com/pod/show/odds-on-open","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/43070126/43070126-1753073465781-13389f75f3c86.jpg","author":"Ethan Kho","episode_count":62,"summary":"Conversations with leading thinkers on trading and investing. Hosted by Ethan Kho. Produced by Patrick Kho.","last_synced_at":"2026-06-26T04:18:56.319752+00:00","page_url":"https://stenobird.com/podcast/odds-on-open-7262993"},"episode":{"title":"Quant Hedge Fund Partner: Raising Capital Is Harder Than Generating Returns","slug":"quant-hedge-fund-partner-raising-capital-is-harder-than-generating-returns","published_at":"2026-06-04T14:00:00+00:00","page_url":"https://stenobird.com/podcast/odds-on-open-7262993/quant-hedge-fund-partner-raising-capital-is-harder-than-generating-returns","show_page_url":"https://stenobird.com/podcast/odds-on-open-7262993","url":"https://podcasters.spotify.com/pod/show/odds-on-open/episodes/Quant-Hedge-Fund-Partner-Raising-Capital-Is-Harder-Than-Generating-Returns-e3kb55g","audio_url":"https://anchor.fm/s/101506278/podcast/play/121000560/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-5-4%2F425503587-44100-2-4161e9fc2b47c.mp3","summary":"Apply to Onyx’s Junior Tech Graduate Scheme here: https://verichain.io/apply/0aa1debe-ac6c-452f-9421-da6cbf4a3e8cDeWayne Louis (Versor Investments) returns to break down the part of the business almost no one explains: not generating returns, but raising the capital to scale them. After Versor pulled in half a billion dollars for an event-driven strategy with just two and a half years of track record, DeWayne walks through exactly how allocations from multi-managers and managed-account platforms actually get done — and why he argues raising capital is harder than making money.We get into the screening hurdles multi-strats apply (Sharpe thresholds, team, factor orthogonality), how to pitch a secretive pod without knowing its book, and the systematic, data-driven machine Versa built to quantify merger arb across 26 years of catalyst events. Then the conversation turns to the capital-raising playbook itself: external vs internal allocations, fee structures, fund-of-funds vs pods, and why branding and storytelling — not buzzwords like "uncorrelated," "quantamental," or "AI" — are what move an allocator from apathy to conviction.A sharp, tactical episode for emerging and mid-sized managers, allocators, and anyone trying to understand how capital really flows through the multi-manager ecosystem.00:00 Intro01:22 Sourcing capital from multi-strategy managed accounts06:45 Pitching alpha relative to common hedge fund factor exposures09:21 A message from Onyx09:55 Designing systematic models for fundamental event-driven catalysts14:25 The multi-manager due diligence and verification process20:14 Structural mechanics of internal versus external balance sheet allocations28:28 Portfolio transparency differences: Multi-managers versus fund of funds31:55…","meta_description":"Apply to Onyx’s Junior Tech Graduate Scheme here: https://verichain.io/apply/0aa1debe-ac6c-452f-9421-da6cbf4a3e8cDeWayne Louis (Versor Investments) return…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4538,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/odds-on-open-7262993/episodes/quant-hedge-fund-partner-raising-capital-is-harder-than-generating-returns/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/odds-on-open-7262993/quant-hedge-fund-partner-raising-capital-is-harder-than-generating-returns.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}