Capacity Constrained by Design: The 25-Year-Old Building Niche Multi-Manager Hedge Fund Platforms | Zach Levitt

Zach Levitt, CIO and Founder of Sixth Turn Capital and Opus One Asset Management joins Other People’s Money to discuss how he is standing up multi-manager platforms at just 25 years old by focusing on niche capacity constrained managers. Levitt discusses the benefits of combining uncorrelated capacity constrained strategies in a multi-manager platform, his unconventional path to founding a multi-manager platform, how mentorship has helped accelerate his growth, and how he goes about attracting talented investors to his platform.



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Timestamps

00:00 Intro

00:48 Skipping the Analyst Track and Founding a Hedge Fund at 25

07:14 Many Great Track Records Indicate Nefarious Information Was Traded On

09:42 What Does a Good Capacity Constrained Manager Look Like?

13:38 What Level of Correlation is "Uncorrelated"

18:20 What Level of Capacity is "Capacity Constrained"?

21:30 Mentorship Through Podcasts & Cold Outreach

26:13 Convincing Managers To Join Your Platform as a 25 Year Old

28:46 Investor Interest in SMAs vs Commingled Funds

35:25 Battling Startup Costs

39:06 Selling Talented Investors on Your Success Story

43:39 Risk Management and Cutting Portfolio Managers

47:38 Marketing "Hypothetical" Track Records

52:32 Next Stages of Growth

54:20 Assessing the Capacity Limits

57:17 Can PA Traders Become PMs?

Other People's Money is the premier podcast about the business side of the fund management industry. Every week Max Wiethe sits down to learn from some of the best entrepreneurial fund managers about their experience launching and growing a fund management business. OPM is not a show about the next hot stock pick or big trade but an inside look at an opaque and misunderstood industry guided by real professional fund managers who've done it themselves.

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• No. of episodes: 29
• Latest episode: 2025-06-12
• Business News Investing Business News

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