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Money Diaries: 35 year hedge fund Manger making 1.5 Million spends in a week
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Date: January 16th, 2018 10:20 AM Author: trip frum hall http://www.thisisinsider.com/i-live-in-new-york-city-on-a-15-million-salary-heres-what-i-spend-in-a-week-2018-1?utm_content=buffer60ea7&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-food (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167139) |
Date: January 16th, 2018 10:21 AM Author: Rebellious ratface depressive Term Life Insurance: $250. I have $6 million on my head and $1 million on my husband. (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167142) |
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Date: January 16th, 2018 10:22 AM Author: Rebellious ratface depressive I'm also making sure to sample two types of dessert each day: the tiramisu was good, but the chocolate cookie is average. I eat while listening to a long presentation on the global biotech outlook for 2018. 3 p.m. — I stop by Stuart Weitzman at Columbus Circle. My feet have widened after having two kids, |
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Date: January 16th, 2018 10:22 AM Author: Rebellious ratface depressive Dinner today is Vietnamese spring rolls, yum — but my husband refuses to eat because it's fried food. More for me!
jfc how fat is she |
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Date: January 16th, 2018 10:33 AM Author: Lake awkward alpha ran here. (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167207) |
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Date: January 16th, 2018 11:36 AM Author: peach hairraiser brunch puppy I noticed she only mentioned the gym membership for her husband (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167645) |
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Date: January 16th, 2018 10:23 AM Author: Crawly crotch university This was totally made up (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167156) |
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Date: January 16th, 2018 10:37 AM Author: Rebellious ratface depressive why (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167232) |
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Date: January 16th, 2018 11:34 AM Author: Crawly crotch university First of all she only mentions her Bloomberg terminal ONCE and talks about checking quotes on it - the capacity of a Bloomberg terminal is enormous and any analyst or portfolio manager would be on it more and using it more.
Second of all
"I have my first meeting of the day. Today is not too busy, only two meetings total, but some of my investments are not doing well. I need to finish up my write-up and Excel models."
I've never heard of someone who works in this field call their positions "investments" in daily parlance. You can say positions or holdings, but saying "investments" is like a veteran cop saying, every time, "The suspected perpetrator of the crime" instead of "the suspect" or "the perp"
Second of all, her job title is MD - but she's doing meetings across sectors (analyst work) in addition to being a PM plus actual managerial responsibilities? Who are the writeups and reports for? Typically the analyst cooks those up for the PM and then those get passed to the MD? Oh wait she is the MD - why is she doing that
Also the skillsets required to analyze Pharmaceutical companies and Insurance companies are very different - to the point where if you are at a large shop running serious money you typically have a dedicated Pharma/Biotech analyst with a masters or PHD because of the specific knowledge required.
In reality - this is a food and travel blog spritzed with random finance buzzwords to clickbait. |
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Date: January 16th, 2018 12:41 PM Author: Lemon Titillating Ticket Booth (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168153) |
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Date: January 16th, 2018 1:14 PM Author: pink box office nibblets (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168438) |
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Date: January 16th, 2018 1:51 PM Author: Hairless athletic conference (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168814) |
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Date: January 16th, 2018 10:24 AM Author: Rebellious ratface depressive My flight and I hotels are expensed ($6,500 for the business class flights and $3,000 for the hotels). 11 p.m. — My husband and I are celebrating our 10th anniversary in 2018, so we "deserve" a trip without the kids. We'll spend three days in Tokyo, two nights in Hakone (known for their onsen, or mineral hot springs) at a ryokan (traditional Japanese house with homemade meals), and four days in Kyoto. It is so hard to choose a hotel because they are all rated highly by travelers. That's Japanese hospitality for you. I finally book my husband's economy flight ($1,100) and our accommodations in Hakone and Kyoto ($1,500). |
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Date: January 16th, 2018 10:36 AM Author: Amber charismatic double fault church building lol she CUCKED her hubby into economy (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167231) |
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Date: January 16th, 2018 10:38 AM Author: trip frum hall I first read it as they both got economy lol Shrews gonna Shrew (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167238) |
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Date: January 16th, 2018 10:38 AM Author: trip frum hall Imagine if the tables were turned and a male hedge fund MD bought his wife economy tickets while he sat in first or business class. (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167240) |
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Date: January 16th, 2018 10:24 AM Author: Lemon Titillating Ticket Booth Lol this is a girls fantasy (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167168) |
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Date: January 16th, 2018 10:37 AM Author: Rebellious ratface depressive why (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167234) |
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Date: January 16th, 2018 11:28 AM Author: Lemon Titillating Ticket Booth Running list: $50 gym membership $30 a month on taxis Home by 6pm Palace hotel has shit food Going from palace to columbus circle to shop mid day Registering for a conference yourself Getting hotel room yourself Booking flights yourself
Stopping there
This is an Asian finance girl fantasy
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Date: January 16th, 2018 1:10 PM Author: Mahogany Marketing Idea (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168411) |
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Date: January 16th, 2018 10:25 AM Author: Rebellious ratface depressive I spot a newly opened Kung Fu Tea at the mall and stop by. I love bubble tea!
LOL guess race |
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Date: January 16th, 2018 10:32 AM Author: vivacious rehab community account Asian shrew daydream (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167203) |
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Date: January 16th, 2018 10:57 AM Author: Effete School Cafeteria International Law Enforcement Agency (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167409) |
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Date: January 16th, 2018 11:26 AM Author: trip frum hall How are wall street bonuses taxed? Same as regular income or is it that sweet 15% capital gains? (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167591) |
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Date: January 16th, 2018 2:26 PM Author: Lime useless bawdyhouse regular income unless it is carry (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169164) |
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Date: January 16th, 2018 11:33 AM Author: startling claret state Only 1.5 MM? she’d do nearly as well as a GDC junior partner. SAD! (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167631) |
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Date: January 16th, 2018 11:36 AM Author: Cream odious parlour Don’t out fratty (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167640) |
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Date: January 16th, 2018 11:38 AM Author: Bistre Locale Juggernaut She makes $1.5m and appears to "work" like 30 hours per week mostly eating lunch and going to worthless meetings.
LJL at our lawcuck lives. |
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Date: January 16th, 2018 12:03 PM Author: Cream odious parlour Article is 100% flame (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167854) |
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Date: January 16th, 2018 3:36 PM Author: Thriller salmon organic girlfriend twinkling uncleanness (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169694) |
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Date: January 16th, 2018 7:52 PM Author: Diverse green native (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35171476) |
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Date: January 16th, 2018 11:45 AM Author: soul-stirring brilliant menage gunner lesson: don't have kids (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35167695) |
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Date: January 16th, 2018 12:51 PM Author: Crystalline Seedy Prole Place Of Business 100% made up. she has almost 0 work details and the few she provides is really sketchy/weird given her focus on biotech/insurance (the two have nothing in common in terms of drivers/similarities/etc.). (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168226) |
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Date: January 16th, 2018 1:18 PM Author: Bearded french school karate this is probably real except the work part. no way she makes $1.5m a year. However, she is an AZNgirl who likely has a father that makes $1.5m a year that subsidizes her. I have seen many many AZN chicks like this (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168487) |
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Date: January 16th, 2018 1:38 PM Author: sienna brethren is it possible that she is fudging her work life details to not get outted? (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168671) |
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Date: January 16th, 2018 1:40 PM Author: Lake awkward alpha Did she describe her role at the fund? Maybe it's a relatives fund and she's like head of client/investor relations or something. (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35168694) |
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Date: January 16th, 2018 3:37 PM Author: Thriller salmon organic girlfriend twinkling uncleanness i can only imagine how insufferable and azn female in finance is (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169699) |
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Date: January 16th, 2018 3:40 PM Author: Twinkling stirring stead hissy fit This is fake. NO way a finance person who actually makes "on average" $1.5MM/year only spends $30/month on cabs (I'm assuming this includes uber and lyft) and $6,500/month on housing. Also, she covers 2 totally different sectors and has so much free time that she can go shopping mid-day. It is possible that she works at her parents' fund and is basically a finance RSF: no real job, no real responsibilities, includes her parents' wealth as part of her "income." (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169712) |
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Date: January 16th, 2018 3:43 PM Author: unholy kitchen trust fund love these. like catnip for me. can you please repost the one that was the biglaw shrew as well? (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169728) |
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Date: January 16th, 2018 4:05 PM Author: Vigorous confused piazza liquid oxygen nutella SOPPING WET (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35169833) |
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Date: January 16th, 2018 8:26 PM Author: mind-boggling national mexican I️ know I’m just a pumo but some hedge funds have a generalist model and it’s possibke an analyst would meet with companies across industries. Further hedge fund titles are goofy - MD often is a title for “senior analyst” thus she could be doing her own write ups and sending them to the actual PM. Working 30 hours a week sounds like flame in said role, but it’s not completely ludicrous. (http://www.autoadmit.com/thread.php?thread_id=3861288&forum_id=2#35171616) |
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Date: January 17th, 2018 8:37 PM Author: Crystalline Seedy Prole Place Of Business i was a generalist, but besides what other poasters have said, the massive free time and her language on write-ups implies its a pod like citadel/millennium or at least a sector specific P&L. all she seems to know about the industry is that we attend meetings.
also no generalists cover biopharma, u need to be specialized there. otherwise u would be spending so much time on biopharma stocks that u may as well just be a biopharma only P&L.
finally, why wouldn't she say PM or senior analyst. Almost no one has "managing director" as a title in a hedge fund. Family office, maybe.
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