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May 31, 2024
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Hi sa-jue, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
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Fingers crossed that one of those helps you.
Bump
1mm
Has to be more than that?!
How much of that is base, cut of management fee etc? Is the bonus discretionary or what’s the cut for PMs?
A lot - anywhere from $5M to well over $25M+ in a good year depending on fund size you are managing. Heard of some partners clearing $50M in a year
Source - parent used to work there
Any broad idea whether it’s discretionary or a % cut as it is for HFs? Think L/S product fairly small within the firm, maybe economics differ for that product.
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My best friend's dad works there and can confirm this. Would give my right arm to work there
Has to be one of the best seats in finance - they also work like 30 hours a week it’s insane
Are you left-handed?
any idea what the % cut on the P&L is? And what’s the base for PMs? These absolute sums being thrown out make little sense, all depends on AuM, P&L, expenses taken on by PM etc. just curious if total comps differs much vs HFs.
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PM who managed a multi billion $ fund made $10M last year. It was above average performance but wasn’t anything crazy.
Source: research associate at welly
Whats the better path in your opinion global industry analyst or working on one of the teams?
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