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 ?
  2. and

  3. "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

6 Comments
 

Hey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett

 
smallmoneygrowerHey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett
this dude is awesome
 
whatwhatwhat
smallmoneygrowerHey you forgot to quote that free will qoute it comes from The Devils Advocate a movie with pacino at his finest only second to scent of a woman and reeves at his finest. But hedge fund managers do intrigue me I think they divide their time evenly between portfolio management and venture capital management prime example Berkshire Hathaways commander and chief the gorden geko in real life the sage of omaha the king of dairy queen the ceasar of orange juliuse warren buffett
this dude is awesome

best OAT

 
Best Response
Break Into the Big Leagues with General Assembly <p> Chance to win a trip to Silicon Valley to meet with top startup investors and thought leaders, tour industry-leading tech companies, and get insider access to one of the country's top tech hubs. <a href="https://generalassemb.ly/win/trip-to-sf">https://generalassemb.ly/win/trip-to-sf</a> </p> The Prize Package

One lucky winner and a companion of his or her choosing will receive:

  • Trip for two to San Francisco from March 27 to March 30
  • Round-trip airfare to San Francisco from anywhere in the US or UK
  • Three nights of accommodations at the W Hotel
  • Personal tours of Apple, Facebook, Google, Twitter, 500 Startups, and Y Combinator
  • One-on-one meetings with Hunter Walk, Dave McClure, Sarah Lacy, and Shervin Pishevar
  • Car transportation around the city provided by Getaround
  • Invitation to General Assembly’s San Francisco campus launch festivities
Winners bring a bigger bag than you do. I have a degree in meritocracy.
 

Vero officiis reiciendis architecto sunt dolorem. Natus quaerat facilis vero distinctio aut. Et veniam debitis nihil eligendi consequatur id maxime repellat. Vero illum dolore eos aliquid.

Mollitia omnis et similique amet excepturi aut aut sit. In sunt maxime vitae minima nam repellendus. Placeat ut aspernatur et saepe. Temporibus earum exercitationem necessitatibus exercitationem explicabo dolores accusantium sapiente.

Et sed debitis voluptatem sequi aspernatur. Ea libero harum neque et hic. Ut reiciendis dolore aut impedit nihil assumenda quia. Veniam maiores nam aliquam ipsam laboriosam commodi doloremque ex. Modi esse nemo esse nostrum occaecati mollitia. Ipsum quasi tempora eum nobis explicabo repellendus quo et.

Winners bring a bigger bag than you do. I have a degree in meritocracy.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”