Starting off a PA -- risk/drawdown limits?

Hello seasoned investment professionals!

I'm starting off at an MBB soon, and ultimately I would like to end up in an investing role. I have read on this forum that sometimes firms or HHs may ask for a PA track record. I am planning on starting mine with the money I have saved up as a student. I want to replicate HF investing (instead of just holding some growth stocks with the hope that they become multi-baggers by the time I am interviewing), so what would some realistic risk/drawdown limits I should implement. Any tips & help would be greatly appreciated!

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Class of '29 Sep 2026 Cohort

5.00/5

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“My meeting with Kevin Lee was super helpful and went well beyond what I originally expected. We met to discuss my LinkedIn profile, but the conversation also covered the hedge fund space and how I’m thinking about my career as a whole. I really appreciated being able to talk about both how I present myself professionally and the broader direction I want to take. As someone interested in hedge funds but also exploring other paths in finance, it was helpful to have a conversation that connected my profile to my actual interests and goals. Kevin gave me a lot to think about, and I left feeling clearer about my next steps. Overall, I really appreciated his time and willingness to go beyond the original purpose of our meeting.”

Class of '26 Sep 2026 Cohort

4.56/5

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“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

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Authored by: Certified Hedge Fund Professional - Portfolio ManagerCertified Hedge Fund Pro

+21	3x SWE FAANG Intern -> Fundamental Analyst @ HF	13	1d
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Starting off a PA -- risk/drawdown limits?

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Starting off a PA -- risk/drawdown limits?

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