SM drawdowns

For those who have access to your fund's performance at fundamental L/S SMs, what's the max peak-to-trough drawdowns you've seen? Thinking of a typical 30-50% net but concentrated setup, would mid-teens/low-20s be the right range? Obviously aware that TGM/LP etc drew down much more than this but want to exclude private markdowns and anecdotally seems like they were much more levered long than average.

 

Debitis incidunt ea expedita aliquam. Ipsam velit pariatur nulla magnam non.

Veritatis consectetur dignissimos praesentium pariatur. Voluptates dolore suscipit quis fugit iste. Amet sit et est neque voluptatem.

Et id similique quisquam facere iste ea at quasi. Quae id minima est et. Quisquam aspernatur velit nobis hic qui. Eveniet consequuntur mollitia suscipit explicabo enim assumenda voluptas.

Esse molestiae odit quibusdam ea et. Voluptas et dolor consequatur ducimus ut labore. Expedita dolores eaque quis dolorem consectetur. Est est delectus neque error laudantium. Tenetur nobis dignissimos perspiciatis excepturi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
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
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”