Can an IB MD be a good investor?

This is a two part question:

1. Do you think you can still be a good investor/build a thesis/ have judgment strictly staying in banking?

2. Are MDs in banking allowed to invest as LPs?

Seems like there can potentially be a conflict of interest there.

2 Comments
 
Most Helpful
  1. Many MDs are great investors on their PAs but you don’t do it for a living. That said, if you are at the top of your game, a lot of clients genuinely value your investment judgment about what makes a good deal and you have a very wide view on markets 
  2. I have a number of LP interests including amongst some of my close MF clients. There are always friends and family allocations and as long as it’s fully disclosed it’s not at all a conflict
 

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