Dawn Fitzpatrick, global head of equities, multi asset and the O'Connor hedge fund business at UBS Asset Management, discusses how the nonprofessional can invest like a hedge fund with CNBC's Mike Santoli at the Delivering Alpha conference sponsored by CNBC and Institutional Investor.
"These markets are really prone to volatility, and you don't want to be a victim of volatility. You want to be taking advantage of that volatility," Fitzpatrick said in the exclusive interview for CNBC PRO.
"In other words, when the market goes down 8 percent at the start of the year, you want to be the buyer, not the panic seller," she added.
In this wide-ranging interview, Fitzpatrick also touches on:
- How to construct solid portfolios.
- Risk management principles.
- Her outlook for the hedge fund industry.
- Stock picking in a market driven by machine trading.