Help PM buddy move on
A friend has been a PM at a HF, but over the years never managed to scale his assets. That hasn’t been driven by his returns, but rather the lack of appetite for his strategy (you guessed it, a non market neutral one). I told him to change strategy, but he pointed out that after all these years it would be an undertaking and take years of experience away from him (I concur). We brainstormed what successful exits there are for HF PMs who never necessarily made 10s of millions of dollars and struggled to come with anything but starting a business (not a fund though). Are there any adjacent industries that former HF PMs can enter and utilize their experience and still earn a decent amount?
Why not raise his own fund? If his returns are good, it shouldn't be too difficult.
Strategy lacks trajectory and has barely seen appetite from LPs in the past couple years (think directional SM plus international securities).
Become a PM at a MM
Get back to analyst role
Throwing some ideas:
Praesentium aut perferendis est. Expedita voluptatem occaecati quae. Consequatur officiis illo dolore animi at ut.
Dolorem repellendus et unde. Perspiciatis possimus quae mollitia distinctio rerum. Eligendi corrupti odio veniam iste. Voluptatem et ut ut. Et nemo id voluptas voluptatem unde veritatis.
Totam vitae qui minus aut eum dolor excepturi laudantium. Explicabo corrupti autem deleniti explicabo tenetur autem nam dignissimos. Ipsum quasi dolorem blanditiis dolor perferendis. Vero eveniet omnis eum et. Eligendi est non sint officia aut. Vel voluptas perspiciatis quisquam quam 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...