Remote/Hybrid as PM at MM
Hi folks
I currently work as a PM in the LO quant equity space in a European capital that has no HF/MM/POD jobs.
I see interesting job ads but they are mostly in London.
Question: do you know any quant researchers/PMs that work remotely/hybrid from their home country and fly to London every few weeks? Does this even exist? My current work is mostly quant based, so even if my team/fellow PMs are currently in the same city we often just meet online due to hybrid/home office days. I really like personal contacts ad the City but my family does not want to move to London.
Thanks
Based on the most helpful WSO content, here are some insights regarding remote or hybrid work in the finance industry:
Hybrid Work Preferences:
Remote Work Feasibility:
Outsourcing Concerns:
Quality of Remote Work:
Examples of Remote Work:
In summary, while remote and hybrid work models are feasible and can improve work-life balance, there are considerations regarding job security and quality of work. It is also beneficial to be in the same city for occasional in-person meetings.
Sources: 100% Remote Work in Investment Bank - Is It Possible?, 100% Remote Work in Investment Bank - Is It Possible?, Let us WFH, Let us WFH, Moving from Quant researcher to Quant PM
bump
Definitely exists. You see increasingly PMs moving to say Dubai but leaving their team in Europe.
Ive seen you post multiple times. I feel like even though you claim to be a PM, your experience is not very substantial, and definitely not enough to run a pod at an MM. I work in AM, so please correct me if I'm wrong about MM details.
1. MMs generally want to be market neutral. You have no track record of doing that. Even if you are able to "turn on" the short part of the strategy, you will not have had experience dealing with the all the nuances of a fully market neutral factor strategy.
2. You run a relatively small book for a LO strategy.
3. You lack experience with the full stack.
4. MMs care not just about Sharpe. A factor market neutral strat will likely have many undesirable characteristics to an MM (relatively large drawdowns). If you can't show you can deal with those, no good firms will give you a real shot, and you probably don't want to join a shitty MM just to be fired 6 months in.
5. Finally to answer your question, I think if you can show a good track record and not require a lot of tech-hand holding, no one will care where you work.
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