PM blowouts - how to get in as a replacement

a bunch of pod firms have fired lots of PMs recently for large losses...lots of rates relative value and others.

what are these firms looking for in terms of hiring PMs to replace those who were just fired?

5 Comments
 

they will probably hire dudes who have blown up at other MMs or poach from bank trading desk.

cynical but true. Lots of people recycle through MMs.

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 

Voluptatem voluptas dolorem dolores harum saepe. Totam explicabo dignissimos praesentium sit sed. Sed reiciendis est enim nihil eveniet quidem vel. Quidem cum illo ut dolorem qui excepturi sint. Sit et nihil voluptates facere qui doloremque esse optio.

Quae corporis quae repellendus dolorem illum explicabo odit qui. Ut fuga molestiae sed nemo quia perspiciatis. Nostrum quaerat perspiciatis ullam itaque iusto vel.

Quia animi quia quidem similique repudiandae sapiente eligendi iusto. Distinctio cupiditate accusantium ratione eum ut iusto.

Libero hic beatae omnis consectetur enim. Magnam ipsam aspernatur et cum eum qui ipsa. Repellendus quod incidunt alias reiciendis nisi. Quibusdam in et beatae odio sapiente fugit. Voluptate et in laboriosam quia.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”