I have an offer for a FI PM asset management at a large AM (think PIMCO, BlackRock, Fidelity, etc..) for SA. My end goal is to end up in an investing role at a global macro hedge fund (Bridgewater type funds)–how common/how realistic is this pivot? Any input would be helpful
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Based on the most helpful WSO content, transitioning from a Fixed Income Portfolio Manager (PM) role in Asset Management (AM) to a global macro hedge fund is not unheard of, but it does require strategic planning and skill development.
Here are a few things to consider:
Skill Transferability: As a Fixed Income PM, you'll likely develop a deep understanding of financial markets, risk management, and investment strategies. These skills are highly transferable to a macro hedge fund role.
Network: Building a strong professional network can significantly increase your chances of transitioning to a hedge fund. This could be through attending industry events, reaching out to professionals in the field, or leveraging existing connections.
Additional Education/Certifications: Depending on the specific requirements of the hedge fund you're interested in, you may need to pursue additional education or certifications. For example, a CFA designation could be beneficial.
Performance: Your track record as a PM will be a key factor. Successful portfolio management, particularly in challenging market conditions, can make you an attractive candidate for hedge fund roles.
Remember, every career path is unique and these are general suggestions. It's important to do your own research and speak with professionals in the field to understand the best path for you.
Sources: Asset Management vs Investment Banking for exit opps into value-based hedge funds, Best Route to a fundamentally driven HF in Londob: IB vs AM?, https://www.wallstreetoasis.com/forum/job-search/buyside-viewpoint-from-a-fixed-income-pm?customgpt=1, Any BlackRock 2020 SA receive FT offers yet?
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