Youngest Portfolio Manager You’ve Seen?
What age is the youngest hedge fund portfolio manager you came across? What type of fund do they work at (SM, MM, mutual fund)?
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Me. I manage my own portfolio for my family office (c. $10k AUM)
AMA
Thanks for taking my question. Congrats on all the money.
What's your Sharpe Ratio?
My Sharpe hovers around 0.6 normally and 0.9 when I'm sober. I have beaten Tiger Global's performance two quarters in a row.
tracking error?
Became pm ~27 at one of the big MMs. Very good and very nice, Iykyk
What was your career progression? Did you do IB/ER or did you break in to the MM right after college?
real question is if this guy started out at MM at 22 and then rode up tech wave.
Can't do that at MM - market neutral strategy
25 is the youngest I have seen in legit role that worked out
wow did he graduate at a young age?
No, I don't think so. But had a ton of work experience and skipped banking route. Some people are just money makers and it's hard to tie it back to any specific trait, but you know it when you see it. I think he got opportunities early on by just coming off that way.
Youngest I've seen is 24/25 but some quant wunderkind at citadel. Don't know personally - just came across randomly when browsing linkedin.
Youngest I know personally 28 - built up a good record at Phenom and they let him have a real book.
There was a very young PM at Viking who was extremely successful on the Tesla squeeze. He left to run his own $1bn TMT book last year. Iykyk
How's that going?
he started buy FAANG in q4, so got a lil unlucky but he’s sub 2 bil so he’ll prob be fine
Im guessing you're talking about grant wonders?
Places like DE Shaw make PMs at 24-25. But usually a quanty/FICC style product if you want to trade equities the 900 threads on there explain that path. But other products if show your strategy works early they will promote you to keep you.
26 at a tier 1 SM ($10BN+). The guy made ~$800MM of pnl in 18-24 months as an analyst and then was promoted to PM.
are you talking about the guy mentioned above? checked his LinkedIn and it matches up at first glance
He started in banking and does not have a LinkedIn, so I highly doubt we’re talking about the same individual.
What is the math that this is possible?
Do some simple math around risk allocations, sharpe ratios, etc and explain how an analyst got this much rope?
You're orders of magnitude off unless you just mean that he suggested some stocks that a senior PM actually put on long only and traded in size during an equity bull market?
It would be amazingly impressive if he made 50mm on a 500mm allocation (250mm is standard for entry level senior PM) in a l/s context, so I'm highly skeptical
I worked for him for a portion of that time and the fund had full transparency with respect to pnl. He had been with the fund for 3-4 years at that point and built credibility over that time. By the time I left the team’s largest positions were into the single digit $BNs.
I keep seeing associate-level positions at Blackrock and they are titled as Portfolio Manager. What's up with that? Do 24/25/26 year olds manage ten's of millions of dollars?
Don't forget, being a PM at an AM is different to being a PM at a HF where you are one of maybe 3 PM's on a particular sector or team at an AM whereas at a HF it'll only be one guy. BR on their opp fund for example have like 4 PM's I can think off, off the top of my head.
What is the difference? What would a young 24/25 year old PM be doing at a place like Blackrock on a day-to-day basis?
BLK has many teams outside of the hedge funds/long only fundamental/systematic which you might consider 'traditional' PMs. Such as the cash business and the index business. Basically anyone who manages money/funds will call themselves a PM. They also have a concept of 'Core PM' which is the function to manage the fund on a day to day basis and not bigger picture strategy like deciding on positions and sizing.
Edit: your last point about young people managing money - yes.
so what would the day-to-day look like as a "core PM"?
Gabe Plotkin.
I was able to make PM in 2 years as an analyst but come from a pretty unconventional background, so not the youngest by far but perhaps on the lower end of buyside experience.
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