Inside the Secret World of Prop Traders | Noel Smith of Convex Asset Management

Inside the Secret World of Prop Traders | Noel Smith of Convex Asset Management

Noel Smith, founder of Convex Asset Management has spent most of his career outside of the world of managing other people’s money. Instead, he traded his own capital as a proprietary trader. Prop traders are famed for generating staggering rates of return, but because they have no interest in raising money, their secrets and strategies generally remain behind closed doors. However, he has decided to bring these strategies to the hedge fund world at Convex Asset Management and while they don’t scale to produce the same level of returns their lack of availability outside the prop world gives him differentiation in the product marketplace. In this interview, Smith explains why props can make so much more money, how much harder capital raising is than he anticipated, and why he ranks relationships and likability higher than performance when it comes to hedge fund success. Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR Follow Noel Smith on Twitter: https://x.com/NoelConvex Follow Max Wiethe on Twitter: https://x.com/maxwiethe Timestamps: 00:00 Intro 01:16 What is Prop Trading? 10:51 Moving to the Hedge Fund World 16:36 The Hedge Fund Popularity Contest 23:04 Volatility Trading Strategies 27:27 Extracting Information From The Options Market 32:09 Scaling Prop Strategies 34:44 Alpha Degradation 39:31 Being Good Is Not Enough 48:03 Dealing With Extreme Performance 53:28 Long-term Vision For Convex Asset Management

Episoder(247)

The World Is Dumping U.S. Assets | Julian Brigden

The World Is Dumping U.S. Assets | Julian Brigden

Sign up for MacroCapture by MI2 Partners today with coupon codes MM10 (for annual) and MM10Q (for quarterly) to save 10% at: https://mi2partners.com/macrocapture-landing-page/ Julian Brigden Co-Found...

16 Apr 20251h 35min

Dodging Tariff Turmoil in Nordic High Yield Credit | Måns Levin of Ridge Capital

Dodging Tariff Turmoil in Nordic High Yield Credit | Måns Levin of Ridge Capital

Måns Levin, CEO and co-founder of Ridge Capital, joins Other People’s Money, to discuss why they believe the Nordic high yield credit market provides unique opportunities for double-digit returns and ...

15 Apr 202551min

Lyn Alden: Challenge America’s Trade Deficit, Challenge The U.S. Dollar | Alden on China, Gold, and Financial and Economic Impacts of Tariffs

Lyn Alden: Challenge America’s Trade Deficit, Challenge The U.S. Dollar | Alden on China, Gold, and Financial and Economic Impacts of Tariffs

To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: vaneck.com/OUNZProspectus Learn more: vaneck.com/OUNZJack Lyn Alden of Lyn Alden Investment Strategy explains the connection...

11 Apr 20251h 9min

When the Market Crashes… They Profit | Wayne Himelsein on Logica Capital’s Long Volatility Playbook

When the Market Crashes… They Profit | Wayne Himelsein on Logica Capital’s Long Volatility Playbook

Wayne Himelsein, CIO and founder of Logic Capital Advisors, joins Other People’s Money, to discuss how his hedge fund is built to profit when volatility spikes in moments just like this. Everybody wan...

9 Apr 202556min

Why Trump Is Likely To Negotiate Trade Deals | Charles Gasparino on Tariffs, White House Factions, and Protectionist Conservative Coalition

Why Trump Is Likely To Negotiate Trade Deals | Charles Gasparino on Tariffs, White House Factions, and Protectionist Conservative Coalition

Charles Gasparino, Fox Business Senior Correspondent, give color into the protectionist and moderate factions in the White House, and explains why he thinks that, President Trump is likely to reach a ...

8 Apr 202554min

“Going Full Reagan” | Tian Yang on Trump Administration’s Bet To Shrink U.S. Trade Deficit, Signs of Market Panic, and Dollar Outlook

“Going Full Reagan” | Tian Yang on Trump Administration’s Bet To Shrink U.S. Trade Deficit, Signs of Market Panic, and Dollar Outlook

Tian Yang, CEO and head of research at Variant Perception, explains his view on a variety of assets on time horizons of tactical, cyclical, and structural duration. Recorded April 7, 2025. Follow Var...

8 Apr 202559min

Tariff Escalation Update | Jack & Max on April 7 Tariff News & Market

Tariff Escalation Update | Jack & Max on April 7 Tariff News & Market

Follow Jack Farley on Twitter https://x.com/JackFarley96 Max Wiethe on Twitter https://x.com/maxwiethe Other People’s Money Podcast on Twitter https://x.com/OPMpod Follow Monetary Matters on: Apple P...

7 Apr 202544min

“Supply Shock Greater Than Great Depression-Era Smoot-Hawley Tariff” | David Kotok on Trump’s Sweeping Tariffs And Market Crash

“Supply Shock Greater Than Great Depression-Era Smoot-Hawley Tariff” | David Kotok on Trump’s Sweeping Tariffs And Market Crash

David Kotok’s book, “The Fed and the Flu: Parsing Pandemic Economic Shocks”:  https://www.amazon.com/Fed-Flu-Parsing-Pandemic-Economic-ebook/dp/B0DCK1ZHJT Follow Jack Farley on Twitter https://x.com/...

7 Apr 202556min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
utbytte
lederpodden
rss-sunn-okonomi
liberal-halvtime
rss-markedspuls-2
rss-pa-konto
hr-podden-2