2021 YTD performance (quant or LS)

Hi friends, any rumors how funds are doing YTD?

Either quant or fundamental equity l/s. Return/GMV.

I have a couple of pm friends telling me 3% and 5% both on the fundamental side. Are those numbers above average?

Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (30)

  • PM in HF - Other
Jul 21, 2021 - 11:18pm

Those numbers are definitely on the higher end given than it's only July. At one of the bigger MM platforms most hover around 0.5-1.5% YTD july, with a few outperformers above 2.5%. But then again those number are doable, what risk are they running on?

  • Research Analyst in HF - EquityHedge
Jul 22, 2021 - 6:52am

Not the OP, but most have similar risk limits at least for MM case (5-10 drawdown). Sure there are differences in contracts but not materially

  • Research Analyst in HF - EquityHedge
Jul 22, 2021 - 8:06am

Those limits are definitely there but in this context I think he is referring to drawdown

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Research Analyst in HF - EquityHedge
Jul 23, 2021 - 7:49am

Those are platform level though I think? And after leverage right. I guess you could back out some info from it but it would be more pure on the pm level, say x is the median, y is the 90th percentile etc.

  • Research Analyst in HF - Other
Jul 25, 2021 - 4:19pm

There is no way to get the pm level stats other than actually looking at the data. Some platforms do provide stats to each pm in terms of where they stand. That being said knowing the platform return and overall leverage does give you an idea of the average pm level return (albeit average weighted by allocation).

  • Research Analyst in HF - EquityHedge
Aug 26, 2021 - 9:39pm

About 1-2% on a relatively big quant book. Know the pm personally, apparently that's pretty good relative to the peer group as many quant desks are struggling. 

Aug 27, 2021 - 11:49pm

actually have a question for you

I've seen prop firms expand into mid-freq with stat-arb plays. They usually don't pan out (ie: Teza), but Citadel Securities's stat arb pods are doing well.

Wondering if you have color/diffs on stat arb performance between single manager vs multi-manager vs prop firm

  • 1
Aug 30, 2021 - 12:41pm

Seems like many places are saying returns on the order of 10% YTD. Are these including small bubbly funds or am I not comparing like for like?

Edit: Ah I guess those are unleveraged returns

Aug 30, 2021 - 9:44pm

Eaque nisi suscipit officia. Est sed dolorum aut veritatis. Ipsum omnis explicabo autem sapiente laborum.

Ipsum explicabo dolores quam laudantium suscipit et voluptates eum. Quod quia dolorum quia libero dolorum illum. Sunt vel aut autem inventore. Exercitationem aperiam occaecati dolorum reiciendis exercitationem. Nobis asperiores sunt quas suscipit.

Assumenda ullam vel itaque at consequatur molestias quod eligendi. Labore omnis voluptas libero ab sed beatae rerum.

Start Discussion

Total Avg Compensation

October 2021 Hedge Fund

  • Vice President (19) $498
  • Director/MD (10) $359
  • NA (5) $306
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (19) $272
  • 2nd Year Associate (28) $241
  • Engineer/Quant (51) $237
  • 1st Year Associate (64) $187
  • Analysts (193) $166
  • Intern/Summer Associate (16) $122
  • Junior Trader (5) $102
  • Intern/Summer Analyst (213) $82