In this episode of Campus To Capital, we sit down with David Höhl, Co-Founder and CEO of Phoenix Alpha Capital – a newly launched hedge fund focused on Europe’s overlooked small and midcaps.
David shares a rare, inside look at what it takes to build a hedge fund from scratch: from legal structure and fundraising to investment philosophy and day-to-day operations. Drawing on his background in venture capital and public markets, David explains how early-stage investing shaped his approach to identifying underappreciated opportunities.
We also explore how writing publicly through his Substack Simple Alpha has helped him sharpen his thinking, build trust, and stand out in the world of capital allocation.
Key Takeaways:
- How to build and structure a hedge fund in 2025
- Why small and midcaps are one of the biggest inefficiencies in European public markets
- How David raised $1.8 million and put in personal capital to align with LPs
- The mechanics of fund setup: regulation, custody, compliance, daily ops
- Why his early investment in About You shaped how he sees opportunity
- The role of writing (Simple Alpha) in building credibility and discipline
- Advice for future fund managers and thoughtful young investors
If you’ve ever wondered how hedge funds actually get started—this episode is for you.
🎧 Now available on all major platforms
A huge thank you to David for joining us and sharing his story with the Campus To Capital audience.
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