Large multi-strategy pod shops like Citadel, Millennium, Point72, and Balyasny compete fiercely for a relatively small pool of proven portfolio managers, driving up compensation and leaving many PMs sitting in lengthy non compete gardening leaves. At the same time, these platforms are investing heavily in internal training programs to manufacture their own talent pipeline rather than just poaching from the existing pool.

Bitcoin ETFs provide regulated, accessible exposure to Bitcoin without the challenges of direct ownership, though investors should be aware of costs and potential tracking differences.

Citadel CEO Ken Griffin has argued that generative AI has not helped hedge funds produce alpha, and current tools still have no meaningful impact on how investment teams generate ideas. While AI can speed up research workflows, it cannot replace human judgment, so it has not changed how hedge funds hire or affected the recruiting pipeline.