Curious of the range of outcomes for semi successful PMs at multi-managers, specifically in terms of lifestyle, character traits, and stress level.
What have you seen (either as a PM yourself or the PM you work for)?
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
| +19 | AI/job update | 5 | 17h |
| +18 | Want out - next steps | 2 | 7h |
| +12 | Fund 1 8%, fund 2 5%, when will fund implode? | 6 | 6h |
| +6 | CorpDev -> HF? | 0 | 59m |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 1d |
| +3 | Dragoneer | 1 | 2d |
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Hi PM in HF - RelVal, any of these threads helpful:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
No idea, but hard to imagine it isn't a grind regardless of where you are.
This. It helps to find ways to cope with the grind and stress, but it never goes away in MM land.
Worked under one. It's a relentless pursuit to keep pushing the boundaries regardless of PnL. You have to be an absolute grinder and have to really love the game, to survive the PnL gyrations.
Most of whom I met (in the LO-biased world, mid/long-term horizon strats) were fitness people (gym/running/tennis, etc.) - disciplined - who worked not the hardest, but the smartest, and also were excellent networkers. Extremely good communicators. Always grinding to stay up to date.
I've worked and spoken with a decent number of PMs and got to know some of them pretty well in the limited time I worked with them.
Lifestyle - As alluded to above, many are usually extremely competitive people who most likely did/do sports and physical activities. In other words, they LOVE to WIN (doesn't mean always getting it right though) so most will work hard even after leaving the office to increase their "edge." One PM I used to work with would spend 26 hours a day doing something related to work or exercising. She spent very little time on leisure activities.
Character traits - Unsurprisingly, type A is very common amongst PMs so competitive, highly-focused, aggressive, etc.
Stress level - Goes without saying but stress is significantly high almost all the time. Just matters how you can handle it.
If this is a joke it’s really whooshed me. 26 hours?
can you call yourself a successful PM if you can't create time?
12hr work day + a few hours pre-market /after market activity and occasional overnight monitoring futures + weekend research
anyone know it better?
Why are all your PMs so stressed. My experience (to be fair only in 2 SMs) have been that they’re really laid back by the time they’re successful
Just walk around Manhattan and you’ll see a bunch of PM’s midday, sitting and chatting with their buds at various upscale restaurants or cafes for a couple hours, while the analysts are the ones grinding hard on their valuation models.
https://nypost.com/2016/12/11/my-hedge-fund-boyfriend-tried-to-bribe-me…
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