S&T at Investment Bank to Hedge Fund Route?
I'm starting at an investment bank in S&T and was wondering which product or desk would make me an ideal portfolio manager at a hedge fund? Has anyone done this?
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Based on the most helpful WSO content, transitioning from S&T at an investment bank to a hedge fund is a path some professionals have taken. While there isn't a one-size-fits-all answer, here are some insights:
Product/Desk Specialization: Certain desks might offer more relevant experience for a hedge fund, especially if they align with the hedge fund's strategy. For example, if you're interested in a hedge fund that specializes in fixed income, gaining experience on a fixed income desk could be beneficial.
Skill Development: Regardless of the desk, developing strong analytical skills, a deep understanding of market dynamics, and a track record of making profitable trades can make you an attractive candidate to hedge funds.
Networking: Building a strong network within the industry can open doors to opportunities at hedge funds. This includes connecting with colleagues, attending industry events, and possibly seeking mentorship from those who have successfully made the transition.
Performance: Demonstrating consistent performance and a solid understanding of risk management at your S&T role can make you stand out as a potential portfolio manager at a hedge fund.
Further Education: Some professionals choose to pursue further education, such as an MBA or CFA, to bolster their understanding of finance and investment management, which can be advantageous when looking to transition to the buy-side.
Remember, each hedge fund has its own unique culture and set of requirements for portfolio managers, so it's important to research and target funds that align with your experience and career goals.
Sources: Is S&T still a good career path?, How to be a Millionaire Trader, Q&A: Head of Pension & Endowments @ Fixed Income AM - BB S&T & FI AM w/ some restructuring & MBA sprinkled in., Q&A: Went from S&T to Cap Markets to M&A to MF PE, https://www.wallstreetoasis.com/forum/trading/ib-after-st-summer?customgpt=1
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