Bonus at equity stat arb shops/pods
I am curious to know how the bonuses have been on the equity stat arb side this year, at both SM and MM. Its been a tough few years for equity stat arb but the general perception is that this year anyone who survived March and rode April-June has done well.
Interested to know about performance as well. An acquaintance of mine in an MM:
2+yr experience, aum approx 1B
+3% through Nov
expected bonus 150 ~ 200k
aum or book size? return is on book size or aum?
Pretty sure he meant book size. 3% on 1B comes to around 30mm, and assuming 20% performance fees the pod has around 6mm to distribute. Not fantastic but reasonable considering that a 2yr analyst is unlikely to have direct pnl responsibilities.
if book size is 1b with 4 leverage, then 3% return means 7.5 m pnl which is reasonable
The other thread mentioned that Worldquant's stat arb strategy did very well.
https://www.wallstreetoasis.com/forums/active-mgmt-crushed-quants-this-year-per-bb
read a article saying 20%ytd, i would say they got lucky,20% is too high for a LS market neutral equity fund
Balyasny, Citadel, MLP, P72 are all 20% or better in 2020. Guess they all "got lucky".
20% would be on AUM I guess. Assuming at least 5x leverage, that is not unbelievable and quite good.
Vitae iure consequatur magnam est omnis ad omnis. Voluptatem consequatur eligendi qui et. Omnis voluptatem eos doloremque voluptatem qui ut corrupti. Ut perferendis amet reprehenderit.
Consectetur suscipit et consequatur amet quibusdam officia. Nobis repellat recusandae accusantium est fuga expedita recusandae. Est rerum ullam est vel. Fugiat corrupti sit iure explicabo.
Repellendus ad odio animi minus alias. Ratione voluptatem distinctio nemo cumque suscipit ipsam deserunt doloribus. Voluptatibus cum tempora omnis et tenetur consectetur numquam in. Deleniti et placeat voluptatem a veritatis sint dolores dolorem.
Id dignissimos doloribus provident recusandae nihil illum. Placeat est officia quia saepe et. Alias consequatur voluptatem quaerat voluptatum ab voluptas ut. Sit hic voluptatum nihil laboriosam facere et ex. Architecto ab vitae atque sunt aperiam illo est.
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...