'With the sound of my 5.30am alarm, I reach for my iPhone to silence it and check the overnight market levels and index futures. Today I wake up to a mixed picture with some of the overnight equity bourses up and some down; no real common theme though the European futures are pointing to a slightly lower open. I snooze the alarm for the next hour and leave for work around 7am.
I count myself lucky with a short daily commute of a 10-minute drive, but face an obstacle course of traffic cones and roadworks for my vintage Porsche to navigate.
The start of my day involves drinking copious amounts of coffee and reading the day’s headlines. Today we have the usual Donald Trump news which revolves around his interview for the Wall Street Journal and his thoughts on an expensive US dollar. The irony given Trump’s outspoken criticism on currency manipulation is palpable.
I then turn my attention to our asset monitors which detail the performance and risk metrics for the Creechurch Capital approved list of holdings.
It’s comforting to see a sea of green across most investments that cover a variety of time horizons, and very little red which represents negative returns. While great news, the pessimist in me queries if this is too good to last despite the ‘inflated’ political promises of Trump (pardon the pun), Theresa May, et al. I join my colleagues pre-market opening for the usual investment conversations across a variety of topics.
The next few hours are spent cultivating client valuation letters which capture a summary of our recent trading activity and a concise review of markets. This letter, together with the client valuation and a more in-depth Creechurch investment commentary, creates the foundation for our quarterly reporting pack. I can see our operations manager on the prowl for more completed letters. Fortunately, I’ve made good progress with my client letters and am therefore off the hook for now…
Onto the next task of monthly reporting for our Alternative Investment fund. The life of a fund manager is certainly less glamorous than it is portrayed by Hollywood and the likes of American TV drama series Billions. I do share that Bobby Axelrod-type desire and drive to be the best – without the bribery and insider trading, I hastily add – but for today at least, those lofty ambitions stay on hold as I work through the process of completing the monthly fund control sheet, a fund commentary, summary of recent trading activity and all associated reports.
I finish up in the office by clearing my inbox and reviewing my diary for the week ahead. Tasks for the coming week include, back-testing new trade ideas, fund updates/webinars, reviewing client portfolios and finishing the week with a pitch for a new institutional client.
It’s been a busy period but now it’s time to refocus my efforts on achieving my CFA charter. With my level 2 summer exam looming, I finish my day with some revision. While a huge step up in terms of complexities, I’m finding preparations for level 2 significantly less daunting than level 1. Overwhelming statistics such at the 10-year weighted average pass rate of 40% combined with the undisclosed pass mark, left me feeling somewhat intimidated first time round. But now with level 1 firmly under my belt and more years’ industry experience, the process feels achievable and, dare I say, I am actually enjoying it this time round.'