Q for MM PMs/Analysts - Which MM and why for a PM seat?

This question is directed at people with direct experience working at the multi-strat HFs. I’m in a Analyst/Mini-PM hybrid seat running a sleeve independently at a mid-sized MM. Performance has been good, so if I keep doing what I’m doing I can get a PM seat at my current shop in probably ~2-3 years. I can probably pull that forward by a year if I jump ship.

Here’s the question: if you were starting from scratch as a new PM, which of the multi-strats would you want to start at? Which have the best combination of % payout and flexible risk framework?
Current seat pays PMs low to mid teens but has close to zero risk overlay as I’ve seen. We can trade a wider array of securities than a typical MM as well. It also happens that I cover a sector that traditional factor based risk frameworks are useless/counterproductive for.

Interested in specific feedback primarily on the non-mega platforms since enough has been written about Citadel/Millennium and the like - Schonfeld, Cinctive, AB Arya, ExodusPoint, Brookfield, all of the random ones are what I’d be curious to hear about. And for people who’ve gone through this process, happy to hear of headhunters you thought were useful/smart. 

 

Bumping b/c interested in hearing from others.

FWIW, I'll try and offer what I've seen from my side. I've heard from people I work with that ExodusPoint is offering payouts in the mid 20s, but with relatively strict risk management, tight stops, etc. I've heard good things about Soros and Schonfeld, but not sure about specific numbers.

 
MMPM

Exodus certainly belongs with the mega-MMs both in terms of capital allocated and payout.

I think the reason they're not mentioned more often is that equity gets so much attention and their equity business is still pretty nascent compared to the other pod shops (since it launched as a credit/quant shop, bring led by former head of credit at MLP). That'll change over time.

 

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