Hi all! I'm about to start my S&T career in one of the BBs, but my goal is to transfer to any Hedge Fund because of the higher compensation. Does anyone have relevant resources/information/experience?
I heard that only specific trading desks could exit to HFs - is the Bank Portfolio Management desk one of them? Are there any other criteria for exiting to HFs?
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Best advice is to do what you like. Good traders move to HF and ultimately are successful. Going to a desk with good placements but that you don’t love won’t lead to a fruitful career in a HF.
You can also be really good in the sales side and thrive off of managing a book but also a franchise and generating flows and the like.
Good luck.
Thanks!
Is a rates desk a good place to be for a hf exit
depends on role you want and type of hedge fund to be honest.
Since my desk does bank liquidity pool management (UST investments), I guess the skillsets would apply to Macro hedge funds...? Regarding the role - I think most sell-side traders are seeking an investment role (portfolio management role), including myself. Any thoughts?
what role do most sales people move to at hedge funds?
depends on strategy, I don't really know much outside of L/S equity and S&T people don't end up here outside of execution roles.
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