Comp Negotiation - L/S Equity at a Pod

Getting close to an offer at one of the platforms (C/P/M, etc.) and wanted to see if anyone here has experience negotiating guarantees / comp structure.

Background: I’m ~2 years into my first buyside role at another platform. My PM recently left for non-performance-related reasons, so my non-compete has been waived. My current platform is trying to re-pod me, but while that process is ongoing I’ve also been interviewing externally and am getting close to an offer.

Last time I negotiated comp, I was coming over from the sell side with no real buyside track record or leverage. This time around, I’d think I have a bit more negotiating power given the experience and circumstances.

Main question is how people typically negotiate guarantees at this level. Is it usually framed as a guaranteed first-year bonus, minimum total comp, sign-on / make-whole, or some combination? How much room is there realistically to negotiate?

Part of the motivation is that, after seeing how quickly things can change when a PM leaves, I’d prefer to reduce income volatility for the first year or two if possible.

Would appreciate any datapoints from people who have made similar moves, particularly at the larger multi-manager platforms.

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