I'm at one of the multi-manager equity l/s platforms (think Point72, Surveyor, etc.) as an associate/junior analyst, getting recruited to another one for a more senior analyst role.
From what I see around me, basically every l/s equity team (including PMs) works a ton, call it 6-7 days a week on average. Now I love what I do (equity investing, though it's more trading than investing, given the time horizon), but it doesn't seem like this pace is sustainable. Even if I move to another shop, I'm worried it will just be more of the same.
Those of you at other l/s platforms - do you know of any top-performing PM/analyst teams at your shops that have more normal schedules? Or is the only way to make it in this corner of the industry to just grind and grind?
(For argument's sake, let's say a top-performing PM team is one where he gets >$20mm to pay himself and his team. Got there from $1bn book x 10% return x 20% payout. Vary those up and down however you want but let's say $20mm is a good benchmark.)