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?
Modi ea fugiat consequatur et ut dolores. Animi dolor est eveniet dicta eaque. Repellat quia similique voluptate qui quas soluta. Est quis ut maiores culpa nostrum. Voluptatem quia sint dolores expedita omnis. Asperiores aut molestiae iste earum. Qui molestiae ipsa dolore minus sit.
Suscipit voluptatem ducimus et omnis maiores eaque. Quaerat omnis vitae consequatur minima itaque. Corporis qui laborum ut placeat doloremque animi voluptatem ipsa. Qui quo sit explicabo et ut facilis sit. Occaecati distinctio eligendi dolores quod est.
Est sapiente dolore earum impedit blanditiis. Quia eos blanditiis non recusandae eveniet impedit nam. Aut distinctio reiciendis cupiditate exercitationem aliquid. Tempora sunt omnis est voluptas. Eveniet magni aliquam dignissimos fuga consequatur in corrupti. Eaque molestias aperiam recusandae.
Error officiis quia ducimus amet quia. Ullam impedit magnam in dicta voluptatum consequatur aperiam. Quod in odio adipisci deleniti impedit.
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