Green flags that your PM might be successful later onSubscribe
I'm a current undergrad considering an offer from a small (<500M AUM) long oriented fundamental hedge fund that has been around for just over 4 years. I interned there previously as an experience builder before trying to secure an IB SA offer for the next summer. I really enjoyed my time there, got to work on everything I had hoped for once they saw I was capable, and had a really good feeling about my PM (who was the founder). When they told me they would consider taking me post-grad, I was kind of shell-shocked as I was not expecting a buy side shop (albeit small), to be willing to take on an undergrad.
I have a really good feeling about the firm but I know the dangers of smaller younger funds and worry about the exit opps I would have open should redemptions kill the place in 2-3 years. At the same time, getting in early stage (AUM is ramping) could garner me some nice upside. I know there are a lot of other components that go into my decision making here, so my question is more focused: What are some green flags that would tip you off an individual PM could be successful besides just their past performance? (historical out-performance is nice but I'm not betting my career on just 7-8 years of solid returns in a decade-long bull-run lacking a major paradigm shift, especially now). I don't have much experience with high level investors and fund managers, but what traits/experience takeaways have you guys seen as indicators to longevity later on for people who have managed money?
At a fund this small, a LOT of the future success is dependent on the PM, it's really a one-man show with some support in the background. So it's imperative for me that I judge this guy right.
Thanks for reading through! Any input would be helpful.