Young hedge fund analysts take a couple of years to become additive
Dmitry Balyasny · Dmitry Balyasny – Multi-Strategy Platform at BAM (EP.341) · Oct 2, 2023 · at 53:25
Dmitry Balyasny, founder of Balyasny Asset Management, discusses common team-building mistakes made by first-time hedge fund portfolio managers.
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“So we see a lot of times you'll have a younger PM. And by definition, they'll then wind up almost always hiring really young analysts, and the expectation is this person's going to come in and help me make a lot of money. It's just not realistic. At the stage of development that they're in, they're going to take a couple years just to figure out how to be additive.”
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