I'm joining a start-up value investing fund in two weeks. Would like to hear from the experienced guys on this forum on how to best transition. I've never worked in an environment where I would be generating ideas. Work has always been dumped on me and the quality of work meant simply making no mistakes and making everything look pretty so my superiors would look good in a meeting. I feel a little nervous about this transition as now I have to support a manager who is taking real risk with my models/ideas and if I screw up, our investors lose money. When you first started at your fund, how did you cope with the transition in job function, mindset, social circle (much more people you interact at a bank compared to a fund) and the stress from knowing that your work impacts the fund's performance? Please share your thoughts.

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What level will you be entering at? While yes your work affects fund performance, investment committees and PM's will have to OK any investment before it is made. It isn't as if you are going to just be given capital to invest any way you see fit... or at least I would hope not.

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this is small team with 4 research analysts supporting one PM.


How much AUM? Is the PM from a trading department in a BB? I'm just interested in learning how he 'started' it up...

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