22-Year-Old Hedge Fund Manager: “Hedge funds are the least sexy business in the world”
About this episode
Ethan Kho interviews 22-year-old hedge fund manager Noah Kann about his insights into the hedge fund industry and investment strategies.
Checkout Flux 4.0 here: https://www.flux.live/flux4/index.html Noah Kann is 22, running his third firm, and managing capital raised from some of the wealthiest families in America. On this episode of Odds on Open, Ethan Kho sits down with the co-CEO of Venari Asset Management to unpack what a 22-year-old hedge fund manager knows that 20-year Wall Street veterans miss: why running a hedge fund is the least sexy business in finance, why compliance and a well-written PPM are an emerging manager's competitive advantage, and why complacency, not inexperience, is the real driver of alpha decay. Noah walks through his path from buying HCA at $15 during the COVID drawdown at 16, to a leveraged crypto trading firm at 17, to launching SageTech Capital at 19, and explains how behavioral finance and studying past cycles like the Great Depression substitute for market reps he hasn't lived through.The conversation then moves into Venari's macro discretionary playbook: trading government intervention and defense spending, a top-down process that turns a geopolitical thesis into a position, non-consensus indicators like data-center HVAC suppliers, and how the firm handles crowded trades and…
More episodes of Odds on Open
- Hedge Fund Manager Alix Pasquet: How Small Funds Can Outsmart Multi-Managers
- Greed Makes Markets: Market Making From First Principles With an HFT Quant
- He Started a Quant Fund in His Dorm. Now He's Building the Brokerage for Everything.
- Inside the Billionaire-Backed Prediction Markets Hedge Fund
- World's #1 Oil Hedge Fund Manager: How I Made 200% While Everyone Lost 60%
- The Strategy Behind Asia’s $6 Billion Quant Fund: Quantedge
Explore listener stats, chart rankings, contacts and more on the Odds on Open podcast page.