Fund
What a research desk looks like when the associates and junior analysts are agents. Two senior PMs hold the book; the desk runs continuously and reports back at the open.
The two PMs with allocation authority.
Principal
Final allocation decisions. Reads the morning desk brief, asks the question nobody else asked.
Recommended agents
Staff
Sector lead. Runs the deeper diligence on top candidates the desk surfaces.
Recommended agents
Strategy R&D and the daily systematic signals.
Designs strategies, owns the model library.
Recommended agents
Runs backtests, watches live signals, flags regime changes.
Recommended agents
Reads filings, models cash flows, builds the discretionary thesis.
Senior
Owns 8-12 names. Reads every filing. Writes the long-form memo when the desk surfaces something worth a closer look.
Recommended agents
Filings, earnings transcripts, news, blogs, podcasts. Summarizes overnight; PM reads at 6am.
Rates, FX, supply-chain, central-bank watch.
Senior
Writes the weekly macro view. Names the trades the desk should be looking for.
Recommended agents
Position limits, exposure reports, drawdown monitoring.
Approves new strategies, reviews exposure daily, calls the de-risking when limits trip.
Recommended agents