EP030: Remove Macro From Your Stocks

Podcast: Pitch The PM · PitchThePM

Opublikowano: 2026-05-01

In this episode, Doug Garber joins The Investment Memo to break down how hedge fund investors navigate macro volatility, manage risk inside low vol pod structures and stay focused on generating alpha.Doug shares how portfolio managers think during “risk-off” environments, why macro should not be your core thesis, and how strategies evolve inside multi-manager platforms.The conversation also dives into how he managed a portfolio as a PM, short selling dynamics, and the structural realities of hedge fund risk frameworks.🔑 TakeawaysRisk management over conviction during macro volatilityMacro matters—but shouldn’t be the core part of your thesisHigh short inter...