How much GMV does Throughline run?
Just saw on LinkedIn that Throughline has 1 SPM, 8PMs, and 11 analysts. I assume each PM has a 500m carve, center brook is probably 2bn, that gives me rough estimate of 6bn in GMV or am I way off?
More
10B?
how much more? I thought Passaic was the biggest at ~$6B
Will be >10bn
Goal is to run 20 across 20 PMs TMT consumer etc
Believe the structure is - $1bn per sub-PM. No centerbook. 3 PMs per sub-sector. The two SPMs give guidance on the sub-PMs' books, hence the name throughline.
Any info on how it’s going there?
Crowding risk with 20 PMs all running tmt/ consumer forced into L/S pairing model
They have like 3-4 pms trading software I think seems really crowded in a sector that is a dumpster fire until AI narrative gets washed out
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