Clearly its recruiting time. The PE firms struck early and it seems as if half of the analysts are already going to Carlyle (yes, exaggeration).
Anyways, now the hedge fund opportunities seem to be coming up and while I have been interviewing with some PE shops, I'm also considering an opportunity with a $5bln+ long/short fund. How would you guys tend to think about pro/cons for this, addressing:
1) Learning opportunities and long term skill building
2) Pay (on average is pay roughly comparable? Highly AUM dependent? Any specific examples/numbers?) What happens as you move up (think roughly VP level for PE)?
3) Advancement and career building
4) Anything else I should think about (yes, i'm interested in both, enjoy investing and doing deals, etc...)
Addendum: Seems as if a lot of people do top PE (TPG,, Apax), then move to ? What kind of HFs do they tend to move into, and why? Would you not usually take a pay cut?
Sorry for being a bit long. Thanks for answering.