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Based on the most helpful WSO content, it seems that the compensation and stability in L/S equity business can vary widely. It's likely that analysts/associates get paid a percentage of the PnL that their book makes, completely dictated by the PM. However, the specifics can depend on many factors, including the shop's structure and the individual's seniority.

As for stability and PM tenure, it's important to note that turnover at these places can be high. This could be a result of teams not performing well and getting fired, or individuals leaving for better opportunities elsewhere.

However, I don't have specific information about the L/S equity business at Moore. The dynamics at each firm can be quite unique, so it's always a good idea to do some research or reach out to people in the industry for more accurate insights.

Sources: L/S vs LO from a non-monetary perspective, Performance of the best PM’s at MM’s?, LMM PE compensation, recruiting and port co. work, Compensation and Stability in Asset Management?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Had a friend who used to be in that seat a few years ago. He said it was a pretty stressful culture where his PM worked him to death. Friend ended up going to grad school after that and went into ER

 

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