Fastes PM progression ever seen?
Am curious to hear stories about the fastest progressions from entry into the finance industry (IB,ER,Macro etc) to PM u know and what made them special!
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Career Resources
Hamza Lemssouguer
not traditional PM, but eric mindich
David Chou at BlueCrest. He was a QR on a natural gas desk at Balyasny for under a year then he went on garden leave before starting as a natural gas PM at BlueCrest.
Did that guy basically graduate college and become a PM lol? How
Classic example of right place right time and overattributing skill versus luck.. likely will not be in a PM seat in a couple of years
lol you clearly don’t know him. Smartest and hardest working person I have ever met and he has been running quant portfolios at a world class level since he was like 12. In a few years he will be doing whatever he wants.
unfortunately you can't run world class quant portfolios from your bedroom...
Edit: and you can't run them at Baly either
this is the biggest dick-riding I've ever seen on this sub. Most likely the guy has the ability to tradem but still does 90% of the analyst work. Is this a burner account?
either way, I'll text his boss to find out whether he is a real pm
John Arnold at first Enron and then his own fund Centaurus probably should be up there especially given his track record / wealth creation which has beaten both Boaz Weinstein and Eric Mindich. Made $750m for Enron the year they went bankrupt and then launched his own fund (Centaurus) in 2002 at like 27 / 28.
Hit $1.5bn net worth at 33 in 2007 from earnings in his HF (big driver being on the other-side of the Amaranth HF blow-up in 2006), becoming youngest self-made billionaire in US at the time and closed his fund in 2012 and somehow is now on the Meta BoD.
Jimmy Levin of Och Ziff (Sculptor) put up some huge numbers before 30 (reporting had $2bn of P&L in 2012) and was running Sculptors structured credit team.
Hasn’t Jimmy Levin kind of done a shit job running sculptor while getting paid a ridiculous amount in the process
Yeah don't disagree with you, though some probably driven by general in-fighting / dysfunctionality / leadership transition issues at the top of the firm in addition to the African bribery scandal. Generally using him as an example of someone who was able to move up very fast to a PM-esque seat and publicly generate a metric s*** ton of P&L at a very, very young age vs. some of the people who are getting MM PM seats at 3-5 years younger but may fade.
Buddy of mine from my Exeter/Andover/Deerfield/Eton/Westminster days who went to one of WHYP did 2 years at an EB then straight to a MM, made PM by 29 by lateralling to another MM from risk-taking senior analyst managing a ~$150MM sleeve to full-fledged PM managing ~1.5 yard book.
Did he share his peak comp with you
This guy is the unemployed WSO shit poster who has nothing better to do with his time.
Don’t entertain him.
In quant fund, some people become PM at age 27 ( right outta PhD ). These people then make millions every year. I am so jealous I have to say. Seriously considering getting a PhD and shoot my chance but can’t make the determination to give up my cushy job for a 5-year grind and 3% chance of making to a pod
Yeah you should definitely not get a phd just to have a shot of breaking into a role. If you’re not motivated intensely by the research you’d do, you probably won’t finish the phd
Dr Langue from GI Capital
Stop caring about what age someone gets their first book. What is most important is the duration you can trade for and what size you can trade at. A lot of child prodigies flame out. What does it matter if you get a PM seat at age 25 if you then blow out by age 26?
At age 25 I started trading. mostly just monitoring, delta hedging and occasionally implementing a mostly systematic options strategy when my boss was AFK. If you handed me a full discretionary book at age 25 I'd have blown it up because I had no idea how to run it properly. Almost 6 years later, I'm a lot wiser having accumulated a lot of experience from understanding the pipes of the market, and watching unsuccessful traders around me donate 8 figures back. I deserve to have a small book now, but similarly, management would be crazy to think I deserve to swing 9 figures a year in PnL with my short track record ...
Rich Falk-Wallace did it in 6 years:
- 2 years IB at JPM
- 2 years at Silverpoint
- 2 years at Viking
- 2 years as a PM at Citadel
Seems like he only lasted 2 years at Citadel and then started his own company. Not sure if he blew up or quit on his own accord. Still an impressive ramp up though.
he was at another HF for two years between silver point and viking - but quick ramp nonetheless. curious whether he blew up or retired, or somewhere in between
Oh interesting. I didn’t notice the gap. I wonder why he removed it.
I'll put my money on blew up - you don't go into social media influencing after being a successful PM.. only if you fail
unless you're enright :)
Adam Theriault-Shay PM at Citadel 5 total years out of UG
Wow, what’s his edge / what’s he good at
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