If you want to be a portfolio manager (PM) at a hedge fund, then good luck. Yes, there is extravagant pay as leading multi-strategy funds chase the same people, but the job of a portfolio manager is not easy. Speaking on the Colossus podcast, Will England, the CEO and Co-CIO of Walleye Capital, the Minnesota-based fund that's been transforming itself into a multi-strat, said it's not easy to find portfolio managers simply because so few people have the psychological stamina to do the job. "There is a finite pool of talent," said England.