Best Retail PMs
Who are the best PMs covering retail or consumer more broadly? And are there any PMs that really kill it at SMID consumer names (I’d assume they’d be outside the C/M/P)?
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Based on the most helpful WSO content, the best PMs covering retail or consumer sectors are often not the ones at the most well-known platforms like Citadel, Millennium, or Point72 (C/M/P). Instead, they are typically found at smaller, more specialized shops or single-manager funds (SMs) that focus on SMID (small and mid-cap) consumer names. These PMs often operate under the radar but deliver exceptional performance.
Some key insights: 1. Specialized SMs: The greatest SM funds are often those you've never heard of, located in places like Malibu, Atlanta, or Monaco. These PMs quietly generate significant returns, often minting hundreds of millions or even billions. 2. Long-Term Orientation: PMs at these shops tend to have a long-term focus, which allows them to cut through market noise and capitalize on SMID consumer opportunities. 3. Local Players: In the UK, for example, funds like Highclere (pre-Amundi takeover) and Schroders have been highlighted as impressive players in the small/mid-cap space.
If you're looking to work with or learn from top PMs in this niche, targeting these lesser-known but highly effective SMs could be a strategic move.
Omg with the BD posts just go back to HR school
Bros come a long way from Wharton undergrad no finance experience
Ty bro
Not BD bruh
Jack Woodruff is a legend in this area
Is candlestick particularly know for outperformance in Consumer?
I'm not close to the fund to know it's internal dynamics or where it's performance is derived from. But it's certainly what defined his pod at Citadel before spinning out, and I know he still follows the sector.
Rachel Lin - walleye
DJ Jacobs - exodus
Tomas Alvarez - balyasny
Ethan Rowe - verition
Miles Hartman - millennium
What about at Citadel?
Lol
Dude... wtf
.
Gabe Plotkin, formerly of Point72's predecessor, known to be especially good on the consumer short side
Unironically those guys were very sharp in the consumer space outside of the GME short squeeze. Very granular modelers and took chunky positions across C&R.
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