Portfolio Manager Compensation / Comp StructureSubscribe
My shop has various strategies, including long-only, special sit and L/S, all centered largely around credit. I am a senior analyst who spends my time across strategies. There are paths for me to take on a PM role in the long-only credit or special sit groups, but I view these opportunities to be mutually exclusive. I am interested in the following:
1) Pros and cons of a PM seat of these 2 strategies
2) Comp and comp structure of each seat - salary range, cash bonus, deferred bonus / carry and their quantitative drivers.
Would like to hear from any senior professionals who work at a multi-billion dollar credit-focused shop who may have insight. Thoughts from mrb87, Kenny_Powers_CFA or anyone who may have experience thinking about these decisions would be greatly appreciated!