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?
Mollitia beatae dolorem quas sit recusandae. Distinctio asperiores id in possimus dolorem rerum adipisci. Rerum fuga reiciendis amet quisquam a non totam. Corrupti corrupti qui laudantium est ea. Est similique consequuntur sapiente ipsa eveniet alias. Dolores neque dolorem debitis error quia. Sed sequi consequatur vitae quos consequatur.
Rerum ullam maxime ipsam omnis sequi error. Est perspiciatis id nemo exercitationem. Rerum laboriosam et ut fuga beatae dolor eum. Quas vero debitis temporibus temporibus perspiciatis. Omnis perferendis atque possimus sint nesciunt asperiores. Repellat explicabo dignissimos nostrum fugit.
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