Riptide Advisors: Hedge Fund's Farm League for Talent

Riptide Advisors, a new firm launching on January 1st, aims to address the hedge fund industrys challenge of skilled portfolio managers. Founder Tyler Errickson plans to use Riptide as a seeding vehicle for promising talent, providing them with experience in managing small portfolios. This approach is unique as it focuses on training young investors within a multi-strategy framework, with the goal of eventually moving on to larger funds or their own ventures. Riptide plans to launch with five young portfolio managers and aims to raise up to $640 million across three strategies. The firm believes that providing this development platform offers a valuable service to the industry, addressing the ongoing talent war.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.