Hedge Fund Portfolio Manager lead time

WSO readers never seem to get enough of

1. "How does a Portfolio Manager or Managing Director spend his/her time ?

and

2. "How did you get to where you are ?" type of questions.

You can read Jacob Wolinsky's (of http://www.valuewalk.com) interview with Scott Barbee, Founder and Portfolio Manager of Aegis Value Fund (AVALX):

Q: How does a typical day look like? (For instance: Two hours checking news, two hours search strategy, two hours doing research on the best picks of the search strategy, two hours talking to clients, one hour checking the positions of the portfolio.)

A: I spend about 80 to 90 percent of my day in research. Generally, I tend to absorb material fastest when I am reading, and so I spend a tremendous amount of my time reading pieces: 10-Ks, 10-Qs, conference call transcripts, analyst reports, articles, etc. I spend a lot of time, 10-15 hours a week, on the phone with various management teams and other investors going through the fundamentals of our various investment prospects. I also spend a significant amount of time talking and working through ideas with our analyst team. I would say the balance of time is generally spent on various client interactions, press communications, and other regulatory and business management issues.

Interview: here