Legendary Citadel PM: Lessons from a Hall-of-Fame Career
Idea generation, pitching & communication, running a market-neutral portfolio, career advice
Today, I am very excited to share lessons from a conversation with a legendary multi-manager portfolio manager.
I call him old school because he grew up in the early Citadel world - he was part of the great talent they developed back then and was shaped by the risk-oriented culture that laid the foundation for the success the firm has today. I also call him a modern great because he is still absolutely killing it in multi-manager land right now.
This is part of our Mt. Rushmore Series. For those of you who are new here, this is where we share insights from the most prolific portfolio managers in the multi-manager space. Here is a snippet of what we wrote when we kicked off the series:
You may have heard whispers about the small percentage of PMs who have achieved true longevity and success in the multi-manager space - those who have delivered sustained outperformance over a very long period of time or those who have consistently managed multi-billion-dollar books successfully. This series is dedicated to them.
Today’s post features one of those rare PMs. We will learn from him about idea generation, short-term vs long-term dynamics, pitching and communication, running a market-neutral portfolio and career advice.
Before we dive in, in our previous post, we explored how to build models with the right level of granularity to help spot inflections and generate strong variant views. A lot more coming on that soon.
Let’s get straight into it.