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?
Consectetur deserunt at aut pariatur accusamus et ut. Et totam eum laudantium nesciunt aut asperiores. Enim reiciendis optio eveniet. Alias nobis nostrum enim omnis sunt nihil enim ab. Et libero beatae est nemo aspernatur. Voluptates velit sint doloremque cumque ut.
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