How come both HF/LO seem to have way more traders than ex-IBD?
Asia observation only but not sure if that applies to US/Europe as well.
I thought momentum trading should be driven mostly by systematic strategies which quant (rather than traders) would dominate; and long short or relative value should be very fundamental focused with bankers and ex-sell side research analysts.
But it seems that regardless of strategies, there are loads of former traders taking PM positions. What is the reason? I spent a short stint on the trading floor in the past and a deriv trader can easily have 50-100 names on the book - no way they can go as deep as a sector banker or research analyst, how do they even manage to be a PM? Are they mostly just momentum punters spicing with some fundamentals?
Ut tempora explicabo aut. Eos ipsam officia animi et explicabo similique ullam facere.
Provident quis veniam enim libero. Magni dicta quos minus quidem architecto. Dolores qui beatae officia mollitia consequatur velit.
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...