Fixed income pods
Hi - I'm broadly familiar with equity pods and risk mgmt there (20-25% payouts/4% drawdown = capital cut in half, 8% = fired) as a general framework. Risk mgmt is always calling PMs to tell them to dial exposure up/down, etc.
How does FI work at MLP/Citadel/P72/etc? I'd assume tighter drawdowns given most FI pods stay within IG/HY but larger books?
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