What is "Portfolio Trading"

[ToddGaugler]

Portfolio MANAGING*, sorry. What is it, why are they paid so much, and who does it? Is it similar to being a quant?

 

[Andy Nguyen]

It's a portfolio manager position which simply means you manage a portfolio of various products, positions and trade/hedge to make good alpha i.e return above the risk free rate.
You get paid a percentage of your return and the size of the portfolio is in the million of dollars. You do the math and can see they can get paid in the millions.

 

[ToddGaugler]

Well that certainly is financially appealing.
Is it similar to being a quant, only with more experience and a good track record?
Btw thank you for again answering a question so quickly

 

[Andy Nguyen]

You could probably have many of your questions answered quicker by getting few of the guides at the top of this Master reading list for Quants, MFE - QuantNetwork - Financial Engineering Forum