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
 
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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

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