Probably a long shot, but any hedge fund Portfolio Manager here?

I’m still relatively early in my career, and I recently got two job offers for:
1. a PM role running a niche strategy
2. a sub-PM role, but I can learn a few more strategies while running my thing on the side

Pay probably better for 1 in shorter terms, but 2 in longer horizon pricing in the learnings.

Q for fellow PMs - is it actually good to become a PM early? How much of your alpha comes from the market, or a previous boss?

like
Posting as :
works at
You are currently posting as works at

It is difficult to get a role as a PM even running a niche strategy. If the hedge fund is decent size, managing institutional money and assets for high net-worth individuals, or if it is a family office, I would take the PM job. Let me tell you why.

I was early career like you. After doing sub-PM tasks on the trading desk for about 2.5 years, my boss's boss asked me to do the analytics then backtest whether my boss's arb strategy would work in a different but related though much smaller market segment. It did. After that, they let me run the strategy full-time, as a PM with my own P&L etc.

Unfortunately, after a few (profitable!) months, the entire company ceased operations in the US. (I worked in Treasury for a large foreign bank and insurer that had a small trading desk using the firm's own capital). I had about 4 years total experience at this point.

Did a job search and got two offers. One was like your Offer 1, trading the strategy I developed at my former job, as a PM. The other offer was risk management not trading, but had a great salary, likely 25% bonus, 8% match 401k vested from day one etc. I was a single woman, living in a big expensive city, no nearby family, renting etc. I was afraid to take the PM job as there was so much more security with the other offer, so I chose that. I was really happy, but in all the years that followed, I was never able to get a PM job. I interviewed for them, and was 2nd choice a few times. I wish I had taken the PM job.

Related Posts

like

I am a Nurse Practitioner, with experience in primary care and oncology. I am looking to leave direct patient care and hoping to find a role either in administration, as a health ethnographer or maybe even in education (with a pharmaceutical company). Anyone know of any job openings like this? Any leads would be greatly appreciated!

like

Hi guy please help i got laptop from publicis which is very old. Can i ask them to change it?

like

Hi,

I will be joining PWC AC bangalore soon.
Is there any policy for higher education support(executive mba) or support/reimbursement for certification like TOGAF, scrum, PMP or other certification to take our career development forward.

Thanks

like

Is TAG to M&A Tax a typical/feasible exit opp after experience?

likefunny

NYC folks - Reminder: Happy Hour tonight @ Brother Jimmy's! We'll be there ~7pm. Ask for the Fishbowl happy hour at the door, or look for the balloon! Or use bowl code bxbft to find us!

like

Got into fitness roughly two years ago and stuck to a pretty strict diet. Right now am unable to bring myself to drink or even just eat the food I like cuz they are all unhealthy carbs. Anyone? 😞

like

Which is going to most likely hurt my career more in the long run... a job in pharma or a job in-house on the client side?

like

What are some examples of fun and engaging workshop techniques you’ve done virtually? Looking to try something different in our next upcoming client session.

like

Joined this week. What can I expect from Mr V

like

Looking for New Year’s Eve plans for a couple other than going out to a club... any ideas?

Being recruited by Amazon for a Senior PM role. What can I expect for base/comp/rsu?

like

I've an experience of 2.6 years and interviewing for jav developer IN3 role. Currently holding an offer in 16 lakh CTC.
How much can I expect?
I'm in last week of notice period, how many days will it take to roll out offer letter?
I've a joining in 6 days at another firm, can I expect to get the offer before this ?

How is the work life balance in cognizant ?

like

How is Capgemini in terms of job security and work culture?
How much CTC to expect from Capgemini with 10 years of experience in QA domain?
Capgemini

like

What band does managing consultant belongs to and what is the pay range

like

EY India openings for AI/ ML

Post Photo
like

Hie Folks,
During onboarding at IBM ,they have asked vaccination report.I have taken only one because of medical issue. Is it compulsory to have both dose completed.
Plz help me guys .

דגים שעובדים בייעוץ אסטרטגי בארץ, חשבתי שיהיה נחמד לדעת כמה החברות משלמות, מי שמרגיש בנוח שירשום באיזו חברה הוא עובד, מה הטייטל שלו, מה השכר החודשי ברוטו וכמה % הבונוס השנתי מהשכר (מקסימלי וכמה מקבלים בדרך כלל).

like

What is the present value of a government pension? How does one calculate it? Trying to get a sense of weather it's worth moving over to Federal.

like

Additional Posts in Asset / Investment Management

Any needs a great cfa tutor dm me.

like

How much was your bonus this year?

like

Any views on what is the offer for Morgan Stanley Alternative Investments Associate role in NYC. The role is for business Analyst.Morgan Stanley

like

Currently interviewing at JPMorgan in their CIB division for a associate operations role. Have met with 5 people for two different teams and another person for another team, all of which I believe are 3 total open positions for 3 different teams. Any insight on the interview process or how long it takes or any sort of idea to give me on what I could look for that might help me believe I might get an offer? Checked my online application again recently and still says “In Consideration”

like

Im working in AUM reporting side and looking to automate some daily and monthly processes that are done in excel. I know it is possible with python but I know little to no python any suggestions? Or any other software that may be able to help!

like

Not sure if this is the best place but I have my first round with JPM for quantitative research analyst but not sure what to expect. Can any one share any insights or pointers? Been really looking for this opportunity and not sure where to start besides brushing up on my work experience. Any technicals or coding questions that I should anticipate?

like

Anyone know what Wonderlic score you need for these hedge fund interviews? What sort of score should I be targeting in my online practice tests?

like

Seeking advice ...
Currently working in Due Diligence and looking to switch to either IM or Consulting. I’m really looking to grow and I recently got an offer for a TP role at one of the big four. Should I take the offer and then pivot to a management consultant role from there or should I stay in banking and try to get myself into IM? What are my options? Thanks!

like

Isn’t 100k base pay too little at a boutique asset mgmt firm? 4 yrs buy side experience, started at the same firm straight out of college.

like

Hey anyone has advice on fixed income execution trader in a buy side firm? Sizable firm, good team, very low pay, okay wlb, been here for a year and working for 4 years in total, was sales/ small firm analyst before. Though trading is fun, but can’t think of executing orders for another 10 years. Trying to get on track of fixed income analyst - am doing some research in my spare time for my team now. What do you think of trader to analyst? Any good advice or same concerns? Appreciate any cmts!

Hi all!

Long time lurker, first time poster.

Have a pending application with Citi for a Real Estate Senior Risk Analyst AVP position, anyone have an idea as to what something like this would pay? Location is Buffalo NY area.

Thanks for your insite!

like

I am asked during this RE analyst interview to build a real estate model from scratch. My background is commercial banking and I am used to analyzing real estate deals from the lender side not the developer. The interviewer is generous I must say he’s giving me a few days to complete. However this model is for a ground up multifamily development. I have no prior experience building one. I can find models online but all very complexe to reproduce. How would you handle? Do you have model to share?

like

Tips for doing a first stock pitch? I have a good grasp on what the company actually does, business risks, main competitors. How much do I talk about valuation, and what should I really be mentioning or focusing on here?

like

I was recently offered a job as a portfolio implementation analyst at a well known hedge fund. What would my career path look like?

like

Has anyone taken the CAIA ? Any tips ?

like

What is the average % bonus of base in big AM firms? Have an offer and debating between that and another finance route that I know pays a large bonus if performing well

like

How many annual leave days do you get? (I’m in the UK and a company i’m considering offers 25 days off a year)

likefunny

Is it possible to make a high salary in wealth management while still maintaining some degree of work-life balance? How do people do it? It's a mystery to me

like

Hi does anyone here work for BlackRock? I had a quick question about one of the groups over there and was looking for some insight.


TIA

like

Hi everyone, applied for an investment consulting internship few weeks back.
It's a client facing job, but it might come at a later stage of a job, maybe after finishing my internship and getting a job offer.
I'm interested to know what is the must develop skills, must take courses or must read books to get insight, develop the required knowledge and skills for the position. I majored in business management finance and currently preparing for CFA level 1. Thanks in advance ☺️

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal