Hate new sub-PM, thinking of leaving

Just a PM's team right before COVID because I liked working with him and the senior quants. (I'm the most junior of the group with no phd and haven't worked as a HF quant before as opposed to the other quants). Obviously COVID took that collaborative wind out of my aspirations. 

However, that PM got promoted, got bigger responsibilities and a "sub-PM" (with phd) was hired to run my group. Sub-PM is an ex-colleague of the PM/CEO and comes in with enormous political capital. 

Issue is the sub-PM is excluding me from meetings and starting to point me towards more programming/IT work. ( needed for our strategies, but places me away from the action). His meetings with the other quants (senior quants w/ ex-HF experience) are very interesting and he has started to implement "in the know" policies. Thus, I'm very angry that I'm just being used as a coding monkey right now. 

I could talk to the PM, but I think I have to search for a new role.

Any thoughts on the situation would be greatly appreciated. 

Comments (5)

 
  • Analyst 3+ in HF - EquityHedge
Feb 19, 2021 - 3:04am

this isn't all bad. Really depends on the relationship. Its possible that the optimal use of your skills is programming as opposed to the other quants. The only red flag here is the lack of open sharing and inclusion in team meetings. Do you all share the same PnL book? Also, what is your skillset/experience? These will determine whether you are being undervalued and also what alternatives that are open to you. It doesn't sound like you are at a multimanager so lateral moves should be easier.

 
Feb 22, 2021 - 9:18pm

3 years QR/QD hybrid, so not super experienced. Not a multi-manager per, but each group has specific mandates/asset classes they can touch.

Lack of inclusion on team meetings and I'm starting to get more resistance to my ideas makes me pessimistic. 

we share the same pnl book

 
  • Analyst 3+ in HF - EquityHedge
Feb 25, 2021 - 8:26pm

3 years is definitely not junior. Its definitely concerning you're not being included in meetings. Have you previously contributed alpha to your group's book? Do you wish to continue doing quant ideas? If so then definitely bring it up otherwise your development as a quant may be stunted.

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