Exit opps could be research at any number of firms (bank, large physical commodity trading firm, hedge fund, large energy company), trading at those same firms, or any number of positions in the oil & gas industry.

I really don't get your question though. People work years and years in consulting and IB to get INTO hedge funds. Why are you concerned about exit opps out of a hedge fund? Wouldn't you just work at another fund (or start your own if you're any good)? There will always be a need for people who know tons about the natural gas market.

 

VandalayIndustries, Thank you very much for your comment. I have 3 concerns:

1) fundamental research for energy trading is not really relevant to other types of investment. Equity research is very relevant to hedge fund or mutual fund, even private equity. So once you work in fundamental research for energy trading and can't become a trader, you will be stuck in fundamental research.

2) Although fundamental research is very important, especially for hedge funds that trade energy, traders are the kings. I saw a lot of people did fundamental research for several years and became a trader. But many people never became a trader. How hard to become an energy trader?

3) some people became traders, but went back to research after several years. It's very common. Is it because they are not good at trading?

 

Trading vs. research is a personality thing, IMO. Some people are comfortable taking risk and others aren't. Of course skill plays a part as well. If someone goes back to the research side, it could just be that they decided the lifestyle is not for them.

 
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