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newwurldmn
 

Registered: Apr 2011
Posts: 2620

 

05-08-12 11:57 AM


Quote from trading_time:

I don't see why anyone who has been successful in the finance world for 10 years has to work a "job'?



Because a lot of jobs don't pay well. It sounds like the OP was in a group that managed the cash or was hedging or operating the business (oil, etc.) He probably didn't have a pure profit motive and if he probably leaned heavily on the company's balance sheet, brand, market position, etc.
Those jobs don't pay millions of dollars/year and a track record is pretty meaningless.

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medtrader
 

Registered: Apr 2012
Posts: 4

 

05-10-12 09:25 PM


Quote from newwurldmn:

Because a lot of jobs don't pay well. It sounds like the OP was in a group that managed the cash or was hedging or operating the business (oil, etc.) He probably didn't have a pure profit motive and if he probably leaned heavily on the company's balance sheet, brand, market position, etc.
Those jobs don't pay millions of dollars/year and a track record is pretty meaningless.





Well you are pretty close except the track records.
The point is that this is the real life of a portfolio manager at list in my country
We have a basic salary and success fee on profits.
Unfortunately you right they don’t pay millions/year to the manager because the assets under management in most of the companies don’t exceed 10 millions.

But this is something else from my initial quote.
So is there any professional to give any advice?

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Metamorphosis
 

Registered: Jan 2009
Posts: 25

 

05-10-12 10:06 PM

Volumes are low and most places aren't hiring aggressively. Efinancialcareers is probably your best bet if you're an outsider.

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bwolinsky
 

Registered: Jul 2008
Posts: 4551

 

05-11-12 12:30 AM

Med, if you have any strategies or easylanguage code for futures, would take that as proof prior to hiring.

"Portfolio Managers" are only paid to buy what their analysts tell them to, with very little input from anyone else and the pm allocates efficiently, but that doesn't include the main responsibility of making real time trading decisions and is part of my lack of confidence in money managers that will hold out mediocre buy and hold records after bull markets expecting to make more money elsewhere afterward.

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