Communicating with your PM
I am struggling to understand what my PM wants. I am his first junior and he isn't great at communication.
Should I email my PM only when there is a material event for anything in our portfolio and I need to buy / sell something?
Should I email him with my notes whenever I take a meeting with management, listen into a conference call?
When I joined, I was asked to not worry about emailing him formally BUT he seems to get super anxious about stuff I'm working on, when I dont communicate with him. At the same time, he has given me crap for emailing him a quick summary when earnings hits without a BUY / SELL / HOLD recommendation. Super confused how to approach this.
Hi Associate 1 in HF - EquityHedge, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
Fingers crossed that one of those helps you.
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Easiest thing to do is set expectations directly with him instead of asking WSO. Think of a process of communication (dailys, weeklys, earnings previews/reviews, news causing 10%+ move in coverage and/or in book) and walk through it with him/her directly.
Email him with a BUY / SELL / HOLD recommendation
PE guys are funny.
Not really. His boss told him to do the same. If you show that you’ve listened (not saying OP hasn’t, but PM may feel like he hasn’t been listened to) and adjust according to feedback, it solves the issue over time. It’s a matter of communication and follow ups.
Was always told to over communicate when coming up. If they tell you to scale back, that's a good sign.
Sounds like your PM's problem is not you over communicating, but rather that you're not giving him anything actionable. Try asking yourself "so what?" with everything you send out. Even if your conclusion is "no change to thesis", still good to state explicitly.
Bingo. Well said.
Always, always, always communicate directly and clearly. Sit down with him, explain that you don’t want to piss him off, and you’re looking for the best solution or process. Hear him out, implement, done. I’ve done this over and over in my career and also stress this with my interns / analysts.
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