I've been an analyst (in multiple sectors) in long/short funds for a few years now. Trying to frame out my next few years plan, I'm thinking about the transition to portfolio manager. What does it typically take to become a portfolio manager at a, Millennium, , or some of the newer/smaller places (Folger Hill, Visium)?
Obviously, ideally you have a track record already but since I'm an analyst I won't necessarily have one. How do people get their first shot at pm gigs at places like this?