Manifold

Vineer Bhansali: Physics, Tail Risk Hedging, and 900% Coronavirus Returns – #43


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Steve and Corey talk with theoretical physicist turned hedge fund investor Vineer Bhansali. Bhansali describes his transition from physics to finance, his firm LongTail Alpha, and his recent outsize returns from the coronavirus financial crisis. Also discussed: derivatives pricing, random walks, helicopter money, and Modern Monetary Theory.


Resources

  • Transcript
  • LongTail Alpha
  • LongTail Alpha’s OneTail Hedgehog Fund II had 929% Return (Bloomberg)
  • A New Anomaly Matching Condition? (1993)

Announcing this for some friends at Mechanize - a startup that builds environments for training and evaluating frontier LLMs. Its customers include the top AI labs, and it has contributed to the breakthrough in coding capabilities of frontier models. 


Mechanize is hiring! 

https://mechanize.work/b/hsu 


Compensation is extremely competitive. For technical roles, $300-500k. They are also seeking smart generalists. 


For example: 


Research Engineer, Alignment: Build evals that test for misaligned model behaviors  $500K salary 


Puzzle Maker: Design interesting and original puzzles that LLMs can’t yet solve  $300K salary 


Mechanize understands that my readership is highly selected. There is a VERY GOOD CHANCE you will be interviewed if you apply via the link above.

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ManifoldBy Steve Hsu