Hedge Fund Exit Opportunity
(Chimp, 9
Points)
on 10/11/11 at 1:52am
I've got an offer to start off at a $100M hedge fund out of undergrad.
What are some exit opportunities for a hedge fund? What are your thoughts on being stuck on the buy-side for the rest of my career after starting at a HF?
u dont exit....
u dont exit....
lol @this thread. I think if
lol @this thread. I think if you play your cards right you might be able to lateral to corporate finance.
But only if youre lucky though.
"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
The point of working at a
The point of working at a hedge fund that small is your ownership and the assumed carry + P&L the portfolio manager would be offering you for working at such a sketchy fund
Don't look at this opportunity from an "exit ops" standpoint. Ask yourself: do you trust the portfolio manager's judgment and his track record? What is the fund's strategy? (For the long run: how scalable is this strategy?)
$100 M AUM in a choppy
$100 M AUM in a choppy market? The exit opps are an orderly wind-down or a blow-up.
Work hard, play hard.
Most important thing with
Most important thing with funds this small is how sticky is their money? How concentrated is their investor base etc. I interned at a $200mm L/S equity fund, but it had an extremely loyal group of LPs, and the PM was the largest investor in the fund. Experience can be incredible at smaller places, and the potential for P/L responsibility greater given how lean most of these guys run.