Dealing with the emotional ups and downs of the PM


Any tips on dealing with this? Also, I'm having a hard time dealing with the PM forcing me to close positions that he himself does not fully understand, though these tend to be my highest conviction, best risk/reward, and so far, best money making ideas. I can feel myself building passive-aggressive sentiment towards this shop and I also can't bring up that I'm "right" on all of my high conviction plays without sounding like I want to rub it in. I get it, for those that want to say "it's his shop" but there has to be a better way than just sitting here and feeling like I have to withhold my honest opinion

This is building resentment inside me that could blow up at a future date as my ideas just keep playing out the way I expected and more lost PnL contribution. Any tips on how to have a constructive conversation about this? My PM /GP likes to say the LPs don't' like my picks and pressure me to give a sell recommendation. The PM is kind of killing my spark that i get everytime i feel something in my gut or see something I know we can make money on. I've tried to have consultation talks with him about this but he'll just go on about how my research process and specifically my channel checks are not sound or the LPs are not comfortable with this type of investing style, on and on and on. I made a post previously hinting to this and a contributor mentioned about having a separate book for me to run, that would be nice but that is not an option at the moment. Any similar experiences?

Advice on how to keep my flame going? I'm the type of person when I have a well researched, high conviction idea I'll fight to get it in the books, and with some real gusto. But after months of getting pressured to close the position, I finally threw in the towel and I am deflated and just exhausted. And the idea keeps working out and we left so much money on the table.


Comments (3)

Feb 26, 2019 - 11:05am

Hey HFDude, I'm the WSO Monkey any of these help:

  • Sh*t-tests: How do you deal with negative people who try to bring you down as you rise in life/career? thing in your lives too. My story: Last year I did a management consulting intern at one of the big4 ... with everyone, and was generally the least stupid intern there (my grad buddy and manager coach told me ... having the best 'culture' (ie least amount of weird dudes) and no one gets an internship unless ...
  • Dealing with a Dumb Senior Private Equity Co-worker who the Boss likes? appreciated. I've been bouncing off the walls trying to keep my sense of self dealing with this BS. to ... at the same time and I was hired by them, one year behind them. I enjoy working with my MD, he's ... are individuals that I can respect and learn from. I am having issues with the D probably ever since ...
  • How to deal with that associate?? the industry or not. If it's not normal, how can I deal with that guy? The team seems happy with ... I can manage the pressure but for me it's kind of too much at the moment. I like what I am doing, ... Mixed Messages 3) During the first day of my internship, the phone rang after 7
  • Anyone else fed up with the banking/finance industy? that perhaps a lot of you think about but don't bring up often enough- Is anyone else fed up with ... isn't what it used to be. I know what I signed up for- the hours, the sacrifice, dumping of work by ... the street at all levels, and not improving (bases up, bonuses down) 3) Regulation is making i
  • I hate the living sh*t out of my job as a current salesman. I hate sales with a burning passion. I need out. Please help. I could make between $150-200k year (although the hours would go up, and I'd be on the road a lot, ... although it'd definitely still be less hours than management consulting or BigLaw). On the downside, ... wining and dining clients. I hate smalltalk. I was never the "life of the party." I was always ...
  • The Art of the (Drunken) Deal prospect of a rent hike. To which I responded by finishing my drink. We sat down at the table like men and ... otherwise I'd be stuck on floor 9. That's not even the greatest story I have of blackout deal ... but I was able to snag a new unit 10 floors up in my current building, so now the people across the ...
  • This is HANDS DOWN the ULTIMATE career path. Noone DARE disagree with me. After hours of experimenting the lab, I have come up with the ULTIMATE career path. Now before ... laid-off are usually career switcher MBAs who entered IBD because of the money and prestige and end up ... non-existent (the analysts/associates will be doing that), lifestyle is from 9am ~ 7/8pm and majority of
  • More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

Feb 28, 2019 - 4:26pm

1) make the argument logical based on numbers...list out all your ideas for the last 12 and losers...thesis...entry price, max drawdown, exit price
2) suggest your ideas be put on in smaller size in a sub account to track their performance
3) after some time period (3-6 months), if your sub account is up, ask to increase size 50%, and review again in 3-6 months..and continue doing that.
4) learn technical analysis...understand why you have to endure so much drawdown before your thesis plays out...maybe you can find a way to improve entry price, and reduce / eliminate some drawdown (which is probably what drives the PM to cut the positions)

if your PM can't easily measure your performance...right in his'll never win the argument.

just google're welcome
Start Discussion

Total Avg Compensation

September 2020 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • Portfolio Manager (7) $297
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (25) $242
  • Engineer/Quant (46) $237
  • 1st Year Associate (58) $189
  • Analysts (175) $167
  • Intern/Summer Associate (12) $134
  • Junior Trader (5) $102
  • Intern/Summer Analyst (183) $80

Leaderboard See all

Jamoldo's picture
LonLonMilk's picture
Secyh62's picture
CompBanker's picture
Edifice's picture
redever's picture
Addinator's picture
frgna's picture
NuckFuts's picture
bolo up's picture
bolo up