MM Equity PMs, thoughts on team construction?
Premise 1: conceptually, most equity l/s PMs have fairly undifferentiated processes, difference comes down to how well you execute.
--> How do you differentiate yourself to analysts you really want to hire? Aside from conventional metrics of track record, longevity, promises of $$$
--> Is there a certain culture you strive to curate, that differentiates your team from others? What do you try to signal as differentiators (e.g. "PM is not purely a transactional sociopath"), and how do you signal it?
Premise 2: likewise, equity l/s analysts have commoditized skillsets, even more so than PMs. Everyone is smart and works hard.
--> How do you PMs think about *team* construction? The standard procedure seems to be: find people with whatever sub-sector expertise you need, get butts in seats, start running your process.
--> Any PMs out there with a more thoughtful, deliberate approach on assessing non-obvious analyst traits and piecing together a combination that is complementary? Not an entire team of analysts that are just replicas of you/each other?
Practically, there's little need for PMs to consider these questions given the supply/demand dynamic for analyst seats, but just curious if any PMs have considered exploring some of the above as a source of competitive advantage to build a stronger team machine.
a truly psychopathic transactional PM would be a very successful/desirable seat to work under
when problems really arise is when PMs oscillate between being a "peoples person" and an executing machine
I think a PM can be an executing machine (including firing people they need to) AND do all that in a humane / kind / non-sociopathic way.
Call me crazy, I actually think the personality tests are quite useful. I haven’t been in a hiring position (participated in interviewing others though), but when I’ve taken the tests they’re actually pretty accurate
I'm sure the tests are decently accurate. More so wondering if they're used to filter for all the same type of person, or used to select for complementary types to construct a team.
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