Bloomberg Opinion columnist Barry Ritholtz speaks with Andrew Beer, who serves as the managing member at Dynamic Beta investments LLC (formerly branded Beachhead Capital Management) and is co-portfolio manager of the firm's investment strategies. Beer has more than 25 years of experience in the alternative investment business. For more than a dozen years, his focus has been identifying strategies to match or outperform portfolios of leading hedge funds with low fees, daily liquidity and less downside risk. He started in the hedge fund industry in 1994, when he joined the Baupost Group as one of six generalist portfolio managers working for Seth Klarman.

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