Are BB Asset Management Long-Only

I'd always assumed Asset Management at BBs are long-only. But I'm not sure now. Could someone who has worked in or has friends worked in such a firm enlighten me please?

And what are some typical strategies they use on the equity side? Do they trade derivatives too?

4 Comments
 
Best Response

From conversations that I've had with professionals at independent asset management firms and those at BBs, most mutual fund mandates can short to some extent, and most can and do trade derivatives. From what I understand, fixed income funds tend to short and trade derivatives more frequently than equity funds, and the reason this happens is mostly due to the nature of those markets.

Asset Management firms also manage hedge fund mandates, both BB and independents.

Typical equity strategies fall in two major categories: fundamental and quant. Google will be your friend from here on out.

 
propchop

From conversations that I've had with professionals at independent asset management firms and those at BBs, most mutual fund mandates can short to some extent, and most can and do trade derivatives. From what I understand, fixed income funds tend to short and trade derivatives more frequently than equity funds, and the reason this happens is mostly due to the nature of those markets.

Asset Management firms also manage hedge fund mandates, both BB and independents.

Typical equity strategies fall in two major categories: fundamental and quant. Google will be your friend from here on out.

Thanks. Very helpful.

 
propchop

From conversations that I've had with professionals at independent asset management firms and those at BBs, most mutual fund mandates can short to some extent, and most can and do trade derivatives. From what I understand, fixed income funds tend to short and trade derivatives more frequently than equity funds, and the reason this happens is mostly due to the nature of those markets.

Asset Management firms also manage hedge fund mandates, both BB and independents.

Typical equity strategies fall in two major categories: fundamental and quant. Google will be your friend from here on out.

Thanks. Very helpful.

 

Omnis sunt molestias sunt nulla. Illum fuga reiciendis facere assumenda. Sapiente sint molestiae est illum occaecati quia quia maxime. Maxime omnis id voluptatem rerum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”