Brad Gerstner Dialed Back His Hedge Fund’s Exposure To 50 Percent

Some well-known investors are saying that they think gains will be hard to come by in the coming months. Volatility could be just around the corner, and Brad Gerstner of Altimeter Capital says he's dialed back his fund's net exposure from 90% to 50%.

Q2 2021 hedge fund letters, conferences and more

CNBC's Scott Wapner interviewed Gerstner at the CNBC Delivering Alpha Conference on Sept. 29.

Dialing Back Exposure

In addition to cutting Altimeter Capital's net exposure, Gerstner said they have been deploying venture capital as aggressively as they ever have. He believes the next decade will be...