I have read that working for the right MM pod / SM fund / PM is crucial for development as a junior investment professional, so I am starting a thread to develop a list of the top teams for analyst development.
Essentially looking to understand what pods and SM funds a prospective analyst should be putting at the top of their list.
Any commentary on rationale, AUM, and returns would also be helpful.
Note: if it makes you more comfortable, please feel free to DM me instead or point out SM fund names / specific MM pods instead of explicitly naming the PM.
You may want to rethink this one.
It's one thing to start naming SM guys who may like to be in the headlines, but completely another to start naming a bunch of pod PMs , some of whom don't like their names being out there and like to live a fairly private life.
Imagine google searching your name and finding out your associate put your name on blast on a WSO thread and all of a sudden you're getting LinkedIn requests from college freshmen who want to be billionaires at age 23.
Valid point - thanks. Will suggest DMs or naming MM pods / fund names without specifically naming the PM.
I’m just trying to find out who I should be trying to work under, and figured others may have the same question.
I totally hear you, and for someone like you who's trying to break into the industry it can be tough. I'll just put my two cents in.
-a successful PM with a good P&L track record doesn't equate to a good teacher that will help you become a better investor. In some large MM teams, analysts are more responsible for managing and teaching juniors and there's not much face time with the PM. The PM may focus more on developing analysts.
-the best way to find out if your PM will be a good one to work for is to ask specific questions of his/her analysts and associates during the interview. Believe me, this is a question they want to hear ie "will I become a better investor by working for this team?"
-once you're in a seat, you'll find out pretty quickly who the good PMs are (analysts stick around and are happy, sell side comments are almost always positive) and who the not so great ones are (stiff analysts on pay, high turnover, treat sell side like shit). It's a small world, rep gets around quickly.
Thanks mate, really appreciate you following up and providing your thoughts.
Sounds like you get to know the lay of the land once you are in, and you just need to do your diligence on a particular team before you sign on.
Perhaps I’m over thinking it with all this unfamiliar downtime over Christmas haha
Izzy Englander is good at invest apparently
I've heard that Seth Turkeltaub (just left MLP and his Catapult unit to found Concentric) is just a real wholesome nice guy who would never go through people 5 at a time.
Lol I sense sarcasm
he's never had a down month! nice guy. introduce him to your mother!
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