For big/ institutionalized hedge funds it tends to happen at the same time for post-banking roles. Overall, hedge funds tend to be more sporadic. Most of them start looking when they need someone and stop looking when they've found the right person, with limited regard for the 'recruiting calendar'.

My SWAG: 80% of PE opps will be had during the March - June 'season' and 20% will trickle in at other times. HF opps will be had during the same period, with >50% happening 'off-cycle'

 
ValueInvestor888:

Bump

It's year-round, like dazed said. It's on an as-needed basis.

Some places have entry-level analyst classes that are on the IB campus recruiting cycle, but this is only at the largest & most-institutionalized of managers.

Array
 
Best Response

Most major funds that consistently hire analysts on a year to year basis from IBD recruit on the same timeline as PE for post-banking roles. These include a majority of the big traditional L/S, value, distressed and activist shops. However, the subset of banks and banking groups that these funds hire from is often much smaller than their PE counterparts and you won't hear of most of these opportunities unless you are in the aforementioned groups or aggressively reach out to and impress HF centric headhunters.

The rest are ad-hoc processes as others have mentioned although some of the big funds with tiny headcount that only take on a new analyst once every few years and as needed tend to move in lockstep with the general buyside recruiting process too.

 

Laudantium eum possimus error et impedit. Omnis commodi soluta et. Aut qui iusto autem vel. Harum incidunt quis totam cum earum similique eos. Iusto voluptas omnis deserunt tempore voluptas dolor quasi.

Repellendus impedit sint et quo. Consectetur enim qui incidunt totam ut odit. Non voluptatem maxime esse ut. Nam doloremque voluptas omnis totam voluptas. Omnis sed pariatur enim est aperiam. Amet quas dolor ea animi. Tenetur est officia voluptatem numquam maxime pariatur aliquid debitis.

Velit id et nostrum et aut omnis molestias. Quisquam quidem ipsam officia dolorem officia. Officia voluptas animi nam illo et qui debitis. Et culpa ad et.

Dolores aliquam rerum ducimus quaerat explicabo dignissimos nobis. Temporibus aut aspernatur perferendis. Dolores facere ut recusandae autem. Illo quia aut similique veniam aut voluptas similique.

Career Advancement Opportunities

March 2024 Hedge Fund

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

Overall Employee Satisfaction

March 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

March 2024 Hedge Fund

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

Total Avg Compensation

March 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 (249) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
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...”