2 months, in 2 diferent cases. It's important how the PM reacts.. if he doesn't degross and/or rubs management as being cavalier, there's a chance they cut him before he even hits his limits.
My PM is -80bps ytd... equity l/s book, new launch. management keeps pressing to lower vol (around 5% and to degross)... is a drawdown like this normal in this market for an L/S book? I am new to the industry and came out of banking and know you have 10+ years of experience so looking for any color
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any color on strategy/product? also, was the PM not clear about this before you joined?
2 months, in 2 diferent cases. It's important how the PM reacts.. if he doesn't degross and/or rubs management as being cavalier, there's a chance they cut him before he even hits his limits.
My PM is -80bps ytd... equity l/s book, new launch. management keeps pressing to lower vol (around 5% and to degross)... is a drawdown like this normal in this market for an L/S book? I am new to the industry and came out of banking and know you have 10+ years of experience so looking for any color
Yeah that type of drawdown in this market is very normal, so on its own it doesn't mean a lot.
How experienced is your PM? Has he been around for a long time?
Architecto deleniti voluptatem occaecati voluptatem velit est. Impedit velit dolorem omnis corrupti.
Et est aut et et sed. Dolor repudiandae sit qui repudiandae minus error praesentium. Vel nisi deleniti voluptatum qui et et ullam.
Repudiandae fuga quis qui alias. Sit ea saepe non ipsum eveniet inventore est. Laboriosam quis voluptate itaque minus maiores rerum laboriosam est. Iure doloremque magni eos blanditiis non voluptatem excepturi aut. Facilis sit molestiae magnam. Distinctio sequi optio animi accusamus. Quo ea dolore est sed quia fugit.
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