Global Macro in Europe vs. U.S.

Subscribe

So I'm working for a start-up HF as an analyst, we do mostly L/S with a global macro overlay. I'm French/American and long-term I would very much like to stay and work in Europe.

What difference does working in London vs. NYC make in terms of schedule for a macro PM? Does a macro PM in London keep roughly the same hours as one in NYC? Or do you try and catch all of Euro+US market hours?

Comments (9)

 
Dec 21, 2013 - 3:41pm

how long i am in the office really isn't important when describing how much i work. When I am in NY i am usually in the office quite early (like 6am) and i leave pretty early (like 3-4pm) but then i am very often awake in the middle of the night at home for asia and europe stuff. In London I get to work later, leave later, but because the night in London time coincides nicely with one of the more dead times for the market I more rarely find myself up at home watching markets at absurd hours. London is just a better city to trade macro...NYC is better for everything else tho.

 
Dec 21, 2013 - 5:24pm

Bondarb:

how long i am in the office really isn't important when describing how much i work. When I am in NY i am usually in the office quite early (like 6am) and i leave pretty early (like 3-4pm) but then i am very often awake in the middle of the night at home for asia and europe stuff. In London I get to work later, leave later, but because the night in London time coincides nicely with one of the more dead times for the market I more rarely find myself up at home watching markets at absurd hours. London is just a better city to trade macro...NYC is better for everything else tho.

Do you ever get to travel to Asia for work? Or you already get all the market intel you need being physically present in NYC/London with occasional travels attending conferences in HK etc.?

Too late for second-guessing Too late to go back to sleep.
 
Dec 21, 2013 - 8:17pm

i dont travel much for work except between nyc and london. i dont even really gain any profesional benefit from that it is just a somewhat unique, specific situation i am in right now. i get all my ideas from reading, talking to analysts on the phone etc...i actually find traveling someplace has very title benefit because u really cant develop any serious insights into a place in such a short time and seeing so few people. I find anecdotal stuff from short trips to be useless and worse it can bias u to reach for trades that arent good to justify the trip. I will sometimes go to visit dealers in smaller markets that i trade in the hope that it will lead to somewhat better liquidity if i can develop personal relationships, but that is it.

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 (45) $238
  • 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

1
Jamoldo's picture
Jamoldo
98.3
2
LonLonMilk's picture
LonLonMilk
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.8
5
Addinator's picture
Addinator
97.6
6
Edifice's picture
Edifice
97.6
7
redever's picture
redever
97.6
8
frgna's picture
frgna
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.4