d*****8
发帖数: 402 | 1 高盛金融技术组的，目前工作不需要编程，就点鼠标做报告。cfa 三级过了不过工作经
验不够没拿到证还。个人想试试找jr portfolio manager的工作。 请问这种背景可
以么。或者还有什么其他job title可以申？多谢 |
s*******s
发帖数: 1568 | 2 jr portfolio manager? never heard the title before
【在 d*****8 的大作中提到】
: 高盛金融技术组的，目前工作不需要编程，就点鼠标做报告。cfa 三级过了不过工作经
: 验不够没拿到证还。个人想试试找jr portfolio manager的工作。 请问这种背景可
: 以么。或者还有什么其他job title可以申？多谢
|
D********n
发帖数: 978 | 3 少见多怪。
http://www.indeed.com/jobs?q=jr+portfolio+manager&l=
【在 s*******s 的大作中提到】
: jr portfolio manager? never heard the title before
|
d*****8
发帖数: 402 | 4 我以前也没听说过就最近看各种各样职位看到的。有没有不需要编程而且钱途不错的金
融职位呵呵。
【在 s*******s 的大作中提到】
: jr portfolio manager? never heard the title before
|
s*******s
发帖数: 1568 | |
Y******u
发帖数: 1912 | 6 3 common PM types:
a. fundamental portfolio. do u know equity research? credit research? macro
economics research? structure credit research?
b. quant portfolio. need solid programming
c. portfolio management/optimization. usually need solid programming (esp in
statistics and optimization)
correct me if I'm wrong but don't think you meet these criteria by ur post
some funds like AB has associate pm position which is doing operation (
nothing to do with real PM) and they would prefer operation background
instead of IT background. Honestly I doubt the pay there is better than GS
IT and people must really hate programming to choose operation over IT.
【在 d*****8 的大作中提到】
: 高盛金融技术组的，目前工作不需要编程，就点鼠标做报告。cfa 三级过了不过工作经
: 验不够没拿到证还。个人想试试找jr portfolio manager的工作。 请问这种背景可
: 以么。或者还有什么其他job title可以申？多谢
|
d*****8
发帖数: 402 | 7 谢谢牛人回答。现在就是想逃离gs，gs累死人不偿命。pm不pm无所谓就是举个例子。所
以您觉得这个背景适合申请什么职位。小hedge fund 公司有什么职位可以申么。多谢
macro
in
【在 Y******u 的大作中提到】
: 3 common PM types:
: a. fundamental portfolio. do u know equity research? credit research? macro
: economics research? structure credit research?
: b. quant portfolio. need solid programming
: c. portfolio management/optimization. usually need solid programming (esp in
: statistics and optimization)
: correct me if I'm wrong but don't think you meet these criteria by ur post
: some funds like AB has associate pm position which is doing operation (
: nothing to do with real PM) and they would prefer operation background
: instead of IT background. Honestly I doubt the pay there is better than GS
|
d*****8
发帖数: 402 | 8 顺便问下，您列举的这三种pm，看来只有第一种不需要编程。那我要是想入这行需要找
什么样的职位呢。 |
Y******u
发帖数: 1912 | 9 equity research analyst or credit analyst or macro analyst, either buy side
or sell side. it is not easy switching from bank IT to any of those though.
i know people break into equity research via crazy networking and CFA in the
early stage of career (like 1-3 years working experience). if you are older
with no relevant industry experience, u have little chance. also u really
need to know things because you gonna pitch ideas to people when u do the
networking instead of BS. for example, what's ur favorite name now and why?
when is its next earning call and what's ur estimated EPS from model? what's
ur insight into the industry and its business cycle?
i'm not sure about ur background but I suggest u think carefully before
making the move. Try reading some 10K and dialing in to some earning call to
see if you enjoy it. If you are not able to read financial report or talk
about ideas over phone, you won't make it.
【在 d*****8 的大作中提到】
: 顺便问下，您列举的这三种pm，看来只有第一种不需要编程。那我要是想入这行需要找
: 什么样的职位呢。
|
w**********y
发帖数: 1691 | 10 去找各大投行electronic trading，还有很多基金公司都在招algo trading的职位,这
中对编程要求高的quant developer可能更符合你的背景吧
一步步跳了
【在 d*****8 的大作中提到】
: 顺便问下，您列举的这三种pm，看来只有第一种不需要编程。那我要是想入这行需要找
: 什么样的职位呢。
|
|
|
w**********y
发帖数: 1691 | 11 很多am好像有这种职位
我知道AQR有。实际上跟PM没啥关系。
【在 s*******s 的大作中提到】
: jr portfolio manager? never heard the title before
|
l********e
发帖数: 220 | 12 没错，AQR叫Portfolio Management Analyst.贴个职位说明，大牛看看这个算
portfolio manager track还是算operation? linkedin上看到有我认识的人干这个职位
的也自称portfolio manager.
Portfolio Management Analyst
ROLE
• Rebalance portfolios based on model views, market frictions, and
investment guidelines
• Oversee and interpret results of daily portfolio optimizations
• Analyze and relay rebalance trades to execution traders across all
GAA asset classes
• Run historical simulations to determine optimal portfolio parameters
• Implement new portfolios / strategies to enhance client offerings
• Analyze portfolio characteristics and performance to refine
portfolio implementation
• Devise trading plan to manage exposures and liquidity for portfolio
inflows/redemptions
• Coordinate / participate in design and automation projects for the
portfolio management workflow
• Collaborate with senior portfolio managers, researchers, developers,
and traders to improve portfolio management practices
• Liaise with client relationship managers to prepare portfolio
analyses for clients
REQUIREMENTS
• Bachelor’s degree in an economic, quantitative or scientific
discipline
• Strong problem solving and quantitative skills
• Demonstrated experience in programming, with a working knowledge of
SQL considered a plus
• Strong attention to detail and excellent communication skills
• Hard working and eager to learn in a highly intellectual,
collaborative environment
• Able to work independently as well as in a team environment
• Able to multi-task and keep track of a variety of market-imposed
deadlines
【在 w**********y 的大作中提到】
: 很多am好像有这种职位
: 我知道AQR有。实际上跟PM没啥关系。
|
Y******u
发帖数: 1912 | 13 this one is the third PM type I mentioned. require solid programming and
optimization/stats skills
【在 l********e 的大作中提到】
: 没错，AQR叫Portfolio Management Analyst.贴个职位说明，大牛看看这个算
: portfolio manager track还是算operation? linkedin上看到有我认识的人干这个职位
: 的也自称portfolio manager.
: Portfolio Management Analyst
: ROLE
: • Rebalance portfolios based on model views, market frictions, and
: investment guidelines
: • Oversee and interpret results of daily portfolio optimizations
: • Analyze and relay rebalance trades to execution traders across all
: GAA asset classes
|
Y******u
发帖数: 1912 | 14 i agree but he doesn't want to do programming
"我以前也没听说过就最近看各种各样职位看到的。有没有不需要编程而且钱途不错的金
融职位呵呵。"
【在 w**********y 的大作中提到】
: 去找各大投行electronic trading，还有很多基金公司都在招algo trading的职位,这
: 中对编程要求高的quant developer可能更符合你的背景吧
: 一步步跳了
|
l********e
发帖数: 220 | 15 这个能叫portfolio manager么？感觉routine和operation的成份很多,最关键的是，
strategy 和alpha model不是他负责的。
【在 Y******u 的大作中提到】
: this one is the third PM type I mentioned. require solid programming and
: optimization/stats skills
|
Y******u
发帖数: 1912 | 16 of course. portfolio rebalance and optimization are alpha (max return min
vol in constrain). for large portfolios (many names/asset classes) it is
very important to keep high liquidity and low correlation risk while stock
picking is done by someone else. Also if you are dealing with institutional
client, it is not only about return but about whether your portfolio meet
clients' mandates. That's why most hedge funds/asset managers have many
funds and managed accounts instead of one large discretion fund
【在 l********e 的大作中提到】
: 这个能叫portfolio manager么？感觉routine和operation的成份很多,最关键的是，
: strategy 和alpha model不是他负责的。
|
p****u
发帖数: 2596 | 17 平常说portfolio management/optimization 更多是risk 和cost 控制，本质上是不产
生alpha的。是很重要，但是没有alpha本身重要。我的感觉是portfolio optimization
相对来说更标准化很多人都可以做，大家做的都差不多。更核心的竞争力是alpha那边
。所以一般来说也是做alpha这边的pay的高点。
正儿八经的portfolio manager和所谓的portfolio management/optimization还是有很
大区别的。
institutional
【在 Y******u 的大作中提到】
: of course. portfolio rebalance and optimization are alpha (max return min
: vol in constrain). for large portfolios (many names/asset classes) it is
: very important to keep high liquidity and low correlation risk while stock
: picking is done by someone else. Also if you are dealing with institutional
: client, it is not only about return but about whether your portfolio meet
: clients' mandates. That's why most hedge funds/asset managers have many
: funds and managed accounts instead of one large discretion fund
|
w**********y
发帖数: 1691 | 18 呵呵，既然认识你打电话问问她不是更准确的了解信息？
看job description基本只看前三行就够了，后面基本都是扯淡。这个职位应该就是做
rebalance和reporting为主，很辛苦。跟你想做的差太多
【在 l********e 的大作中提到】
: 没错，AQR叫Portfolio Management Analyst.贴个职位说明，大牛看看这个算
: portfolio manager track还是算operation? linkedin上看到有我认识的人干这个职位
: 的也自称portfolio manager.
: Portfolio Management Analyst
: ROLE
: • Rebalance portfolios based on model views, market frictions, and
: investment guidelines
: • Oversee and interpret results of daily portfolio optimizations
: • Analyze and relay rebalance trades to execution traders across all
: GAA asset classes
|
w**********y
发帖数: 1691 | 19 I guess only large funds like AQR separate alpha generation with portfolio
optimization?
That is an integrated process for us.
institutional
【在 Y******u 的大作中提到】
: of course. portfolio rebalance and optimization are alpha (max return min
: vol in constrain). for large portfolios (many names/asset classes) it is
: very important to keep high liquidity and low correlation risk while stock
: picking is done by someone else. Also if you are dealing with institutional
: client, it is not only about return but about whether your portfolio meet
: clients' mandates. That's why most hedge funds/asset managers have many
: funds and managed accounts instead of one large discretion fund
|
Y******u
发帖数: 1912 | 20 i agree. ”real" alpha generators are those who decide which name/security/
strategy to invest. In most hedge funds they are much more important than pm
/optimize people because HF tends to be more concentrated and trades are
more idiosyncratic in nature (like distressed or merge arb). However in many
large mutual funds and traditional AM firms pm/optimize people are equally
important (like blackrock)
anyway, when we talk about PM, in most cases we are referring to the real
alpha generator, basically who manage the book and responsible for the pnl/
loss. I don't know how to call those people doing pm/optimize without
confusion
optimization
【在 p****u 的大作中提到】
: 平常说portfolio management/optimization 更多是risk 和cost 控制，本质上是不产
: 生alpha的。是很重要，但是没有alpha本身重要。我的感觉是portfolio optimization
: 相对来说更标准化很多人都可以做，大家做的都差不多。更核心的竞争力是alpha那边
: 。所以一般来说也是做alpha这边的pay的高点。
: 正儿八经的portfolio manager和所谓的portfolio management/optimization还是有很
: 大区别的。
:
: institutional
|
|
|
l********e
发帖数: 220 | 21 我感觉mutual fund这种职位比较多，因为对他们来讲alpha并不那么重要，相反
portfolio/risk management 更重要一些，而且research和portfolio management是可
以分开的职位。aqr现在也在往mutual fund方向大力发展，据说compensation也下来了
。相反，感觉hedge fund把这两类分开的较少
【在 w**********y 的大作中提到】
: I guess only large funds like AQR separate alpha generation with portfolio
: optimization?
: That is an integrated process for us.
:
: institutional
|
Y******u
发帖数: 1912 | 22 not every large funds. most fundamental hedge funds don't do that since
there is no way to "optimize" distressed or event driven names. Many funds
only have a handful of large holdings and don't need this kind of pm.
i guess most large non hf asset managers do have separate process
Cliff Asness is student of fama so I'm not surprised AQR is heavy in
portfolio optimization
【在 w**********y 的大作中提到】
: I guess only large funds like AQR separate alpha generation with portfolio
: optimization?
: That is an integrated process for us.
:
: institutional
|
r***e
发帖数: 1840 | 23 finally seeing some good posting. :D |
r***e
发帖数: 1840 | 24 wild chicken analytics about what kind of persons are on this board
看看人家华尔街的金融，高富帅白富美啊zz(3.4k) 21/13859
key 高富帅,白富美,金融
准备在上海招两个quant(522b) 52/10668
key job hunting
几个新来的小留，整天没啥事做，想合伙赚点外快(303b) 47/18987
key oh well
华尔街大银行钱途排名(442b) 48/19599
key money
Google的马公怎么转Quant和金融？(928b) 30/9859
key comparing
trader 的职业规划(1.3k) 46/9018
key trader
conclusion: people here are job hunting, really care about money, want to be
trader and of course interested in sex (most of people are male then) |
p********0
发帖数: 186 | 25 Hi,
Is the rebalance optimization based on utility function--quadratic/log
wealth/power?
Are there any standard practice for the equity/fixed income rebalance
besides 60%-40%, 50%-50% market value of the global market?
Thank you |
C*A
发帖数: 63 | 26 YonahYou (Yonah) 真是位牛人兼好人。 |
