Track record requirements for PM positions
I am a quant and have worked at a collaborative firm for about 5 years. I was not explicitly "in charge" of the strategies I worked on, since this firm was very centralised and there was no concept of individual people being linked to the PnL of a strat, but have extensive knowledge of everything that went on. I recently joined a new firm which is also a collaborative firm, but with clearer separation of responsibilities, I.e. I am actually managing a strategy. However, my pay is not contractually linked to PnL and there is some collaboration. I am very unhappy with some political developments that happened in the firm and would like to move to a MM, where I have my own AUM and can build up my business. I could just keep my head down, ignore the politics and build up some kind of track record for my strats over the next 12-24 months and then try to go for an MM PM position. Or I could try to make the move now. The problem is that if I look at job adverts for these type of positions and also from some discussions with recruiters it seems that these funds only consider people with multi year track records with high sharpes. Does anyone here know if MMs would consider someone like me, with a lack of a consistent individual track record, for a PM position, provided I can present a consistent and attractive business plan? I would only consider full PM positions, not sub PM. Then I'd rather stay where I am now and wait until I get a shot at full PM.