Wants a better understanding of what economics look like at multi-manager Hedge Funds. This is the guidance I have been given, but not sure if this is correct. Feel free to roast me if I am way off.
Senior PM (25-30%)
PM (15-20%)
Sub-PM (7-15%)
Analyst/Senior Analyst (.5-2.0%)
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 16h |
| +12 | Fund 1 8%, fund 2 5%, when will fund implode? | 5 | 13h |
| +12 | AI/job update | 4 | 1h |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 11h |
| +3 | Dragoneer | 1 | 1d |
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20% is standard for Sr PM. 25-30% is for Sr PMs who have leverage (e.g. rainmakers), probably 10% of risk takers at any given platform. Some platforms will give you a waterfall payout (e.g. 20% on first X%, 23% on next Y%) for all intensive purposes this is just a 20% payout because it's nearly impossible to hit the higher tiers consistently. If you are a new Sr. PM (e.g. making the jump from Analyst) you may be getting 15-20%
PM is a title at Millennium akin to a sub-PM so it's not a separate category. Analysts don't get payouts
analysts at C (and some B pods) are like "PMs" at millennium, and can range from LSD to HSD payouts. all same stuff just diff names.
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