Hedge Fund Portfolio Manager lead time

WSO readers never seem to get enough of

  1. "How does a Portfolio Manager or Managing Director spend his/her time ?
  2. and

  3. "How did you get to where you are ?" type of questions.

You can read Jacob Wolinsky's (of http://www.valuewalk.com) interview with Scott Barbee, Founder and Portfolio Manager of Aegis Value Fund (AVALX):

Q: How does a typical day look like? (For instance: Two hours checking news, two hours search strategy, two hours doing research on the best picks of the search strategy, two hours talking to clients, one hour checking the positions of the portfolio.)


A: I spend about 80 to 90 percent of my day in research. Generally, I tend to absorb material fastest when I am reading, and so I spend a tremendous amount of my time reading pieces: 10-Ks, 10-Qs, conference call transcripts, analyst reports, articles, etc. I spend a lot of time, 10-15 hours a week, on the phone with various management teams and other investors going through the fundamentals of our various investment prospects. I also spend a significant amount of time talking and working through ideas with our analyst team. I would say the balance of time is generally spent on various client interactions, press communications, and other regulatory and business management issues.

Interview: here

 

Hey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett

 
smallmoneygrower:
Hey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett
this dude is awesome
 
whatwhatwhat:
smallmoneygrower:
Hey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett
this dude is awesome

best OAT

I hate victims who respect their executioners
 
Best Response

Break Into the Big Leagues with General Assembly

        <p>
          Chance to win a trip to Silicon Valley to meet with top startup investors and thought leaders, tour industry-leading tech companies, and get insider access to one of the country's top tech hubs.    <a href="https://generalassemb.ly/win/trip-to-sf">https://generalassemb.ly/win/trip-to-sf</a> 
        </p>

The Prize Package

One lucky winner and a companion of his or her choosing will receive:

  • Trip for two to San Francisco from March 27 to March 30
  • Round-trip airfare to San Francisco from anywhere in the US or UK
  • Three nights of accommodations at the W Hotel
  • Personal tours of Apple, Facebook, Google, Twitter, 500 Startups, and Y Combinator
  • One-on-one meetings with Hunter Walk, Dave McClure, Sarah Lacy, and Shervin Pishevar
  • Car transportation around the city provided by Getaround
  • Invitation to General Assembly’s San Francisco campus launch festivities
Winners bring a bigger bag than you do. I have a degree in meritocracy.
 

Est officia temporibus dolor magni et corporis. Quas itaque deleniti a ab mollitia quia quo. Omnis perspiciatis ipsam hic soluta ad est.

Winners bring a bigger bag than you do. I have a degree in meritocracy.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”