Stress Level in a Systematic vs Discretionary Fund

I'm currently a quant researcher in a central analytics group who is interviewing with funds for a role on an investment team. What are the stress levels of investment professionals at various types of funds?

Here's my impression 

  • Discretionary: Can be very nerve wrecking, but if you have conviction that you did your research right, you have reasonable confidence that you'll be okay. The stressful part may be like March 2020 or taking short term losses while waiting for the market to realize you are right long term
  • Systematic: low stress at academic type of places, but I've heard of signal factories where you are penalized if your signal loses money. I don't want to go crazy reading tons of academic research papers only to churn out pennies. 
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