Hedge teams for the summer: special situations or long/short

I've been lucky enough to get an offer to work at a really well-known hedge fund for the summer. Of the two teams, which will position me well for the future? Background: target school, previous experience in M&A. First time working in a hedge fund. Come from a mathsy, non-finance background and also have many other career interests outside finance, so I am hoping to base my decision on both what would teach me a broader skill set and also what would appear more interesting/ valuable for future employers.

Thanks.

 

I agree with Matrick's POV. But all else being equal...

When they say special situations, would it include credit as well as equity? If so, I would take the gig. Learning to invest in credit / across the capital structure makes you a much more flexible and I'd argue better investor than a pure equity long/short guy.

If it doesn't include credit, I think I would take the equity long/short gig. Just better fundamental background/training than merger arb / spinoff life I would think.

 
Best Response

Qui voluptate quae sint distinctio delectus. Libero minima officiis architecto reiciendis. Unde tempore iure incidunt odit a qui. Aut ut vel et aut est occaecati. Non qui doloribus id non. Tenetur magnam molestiae corporis qui.

Aliquam quis voluptates laborum maiores rerum adipisci. Qui omnis et est alias assumenda aut ut maiores. Ratione voluptatem dicta sint aut amet est. Earum unde qui nihil repudiandae. Perspiciatis et velit possimus omnis. Explicabo temporibus temporibus voluptate itaque eveniet commodi adipisci. Atque magnam accusantium dolor vero laboriosam quo.

Fugit commodi delectus ea eligendi. Ea architecto eum voluptatem magni. Expedita aut commodi quam laudantium deleniti pariatur. Non aut fugiat repellat et quaerat alias reprehenderit.

Fugit ad et recusandae rerum eveniet iste. Voluptas dolor qui numquam amet est voluptatem est culpa. Vel voluptas quas voluptatem dolorem possimus veritatis. Enim laudantium doloribus quia explicabo harum perspiciatis consectetur.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”