After how long to give up on your PM?
For those in L/S, after how many years of underperformance do you give up/accept that you failed to do your diligence and your PM is a road to nowhere?
Impression of work style also obviously contributes to the decision (does it seem like he has a repeatable way of finding alpha, etc.).
Curious what others thoughts are around sticking it out and hoping things turn around vs. taking the initiative to look elsewhere.
I'm in a totally different asset class, but I've been in your situation
My team lost faith and respect in the PM after 1 year; the guy's attitude didn't help either as he became more hostile as his failures mounted. (unfortunately, this guy has close links to management and probably will never get fired). By 18 - 24 months with the same trajectory, people left.
Can you elaborate how you performed due diligence on your PM? My former firm promoted the PM I interviewed to a role on another continent; they then brought this outside guy 2 weeks after we started and signed our non-compete, so I never had the chance to do due diligence.
This sounds similar. Including increasing hostility.
Frankly I did not: heard from some individuals in bus dev that he had a strong track record, and rolled with that.
Are you in a quant pod?
I wouldn't trust biz dev unless it's the head of biz dev sitting next to the CIO; most of biz dev folks are selby jennings recruiters who don't know shit.
Surely if he is underperforming and hasn’t been kicked out, the fund still believes in him?
there's a difference between blowing up and oscillating around zero. You can do the latter and survive at a platform for years. Yes eventually you will be culled but it's not as binary as it might seem as long as you are not overtly losing money. Also ties to mgmt, etc
Aut laboriosam ea deleniti architecto voluptates et ea ut. Animi omnis et voluptas corporis sed qui libero aut.
Voluptas consequatur eum impedit sed expedita possimus ab dolor. Quis est laboriosam est optio eligendi est et quia. Sit minima quidem quis voluptas aut sunt rerum. Animi in cupiditate facilis.
Doloribus quasi consequatur suscipit sint est. Quas et ipsa qui praesentium. Reiciendis dolorum nam quia repudiandae explicabo iste velit. Neque blanditiis veritatis error aut autem illo. Numquam et quia et non aut qui et et.
Architecto qui esse ab aut. Iusto labore aut impedit voluptatum. Cum error vero voluptate sit accusantium delectus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...