So I'm working for a start-up HF as an analyst, we do mostly L/S with a global macro overlay. I'm French/American and long-term I would very much like to stay and work in Europe.
What difference does working in London vs. NYC make in terms of schedule for a macro PM? Does a macro PM in London keep roughly the same hours as one in NYC? Or do you try and catch all of Euro+US market hours?
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Anyone? Bondarb?
i have worked in both cities....london has better hours b/c u can have a semi-normla schedule and still catch europe, us, and even some of asia. nyc u end up much often awake often in the middle of the night.
Thanks. When you say semi-normal, how long are you typically in the office for? 6am to 8pm?
how long i am in the office really isn't important when describing how much i work. When I am in NY i am usually in the office quite early (like 6am) and i leave pretty early (like 3-4pm) but then i am very often awake in the middle of the night at home for asia and europe stuff. In London I get to work later, leave later, but because the night in London time coincides nicely with one of the more dead times for the market I more rarely find myself up at home watching markets at absurd hours. London is just a better city to trade macro...NYC is better for everything else tho.
Do you ever get to travel to Asia for work? Or you already get all the market intel you need being physically present in NYC/London with occasional travels attending conferences in HK etc.?
i dont travel much for work except between nyc and london. i dont even really gain any profesional benefit from that it is just a somewhat unique, specific situation i am in right now. i get all my ideas from reading, talking to analysts on the phone etc...i actually find traveling someplace has very title benefit because u really cant develop any serious insights into a place in such a short time and seeing so few people. I find anecdotal stuff from short trips to be useless and worse it can bias u to reach for trades that arent good to justify the trip. I will sometimes go to visit dealers in smaller markets that i trade in the hope that it will lead to somewhat better liquidity if i can develop personal relationships, but that is it.
I'd def prefer Ldn hrs to NYC, no question.
HK and Singapore have the most ruthless hours for macro trading imo
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