Are Fundamental PMs Allowed to day-trade the portfolio at Multi-Manager funds?
Are L/S equity fundamental PMs allowed to day-trade their portfolios at multi-manager pods? Understand that the strategy will be higher turnover than most fundamental equity strategies, but can the PM get in and out of the same stock multiple times per day? Just curious on how common this is and if it is frowned upon from a risk / firm perspective.
No they are generally not allowed to and it wouldn’t even be possible to execute most of the time
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Care to elaborate? What are the typical minimum holding periods usually?
brensonpunks has no clue what he's talking about.
Most L/S equity managers are glorified day traders. When you have a tight 3% drawdown limit, there is no way you can stay clear of this without day trading. Fundamental analysis doesn't mean shit in L/S pod shop land. Everyone's a glorified day trader.
Doesn’t really matter as long as u make money and stay within risk limits. I trade meme stocks too.
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