Moving between funds

Thanks for the input, the recruiter list is very helpful.

Does anyone have any insight into making the move? I'm happy where I am but am trying to make sure I'm on the ball for when the time comes.

One more thing that may be helpful, people bounce around hedge funds all the time. I don't think there is as big of a negative stigma to moving around as there is in other industries.

Thanks again, I appreciate the help. Still looking for any input from a current buyside analyst-I know this forum is focused on finding jobs and mostly populated by younger people but it'd be nice to get someone else's perspective.

Sorry to keep bumping this. Anyone with any comments or annecdotes?

Kenny, why do you want to switch funds aka what are you looking to gain at the new fund that you don't get out of your current position?

I'm in no hurry at all-I could easily stay here for at least several more years.

I was just reading the board and thinking how 99% of threads are aimed towards people trying to break in. Other than Mr. Pink Money's amazing thread (which I still refer to on a regular basis) there are not a lot of resources for current analysts, so I started a few threads I hoped might generate some discussion.

I want to bump this too. It is a very small industry and I've heard using headhunters can be a bit tricky as you don't want your resume being blasted out to a ton of funds because it may get back to your PM(s).

Any other current buyside guys have thoughts?

i work at a pretty large fund and we actively screen resume submissions from linkedin, cfa website, etc. i haven't heard of any headhunters being used, although we're not in NY so that might partially explain why.

i'm sort of in the same spot as the OP, happy where I am, but not really sure how to stay aware of outside opportunities, short of putting my resume out there and seeing what bites i get. so i'd also be interested to hear from anyone who has or can speak to making the switch at the analyst (ie. non-PM) level.

I switched from a small hedge fund to a large dealer prop desk to a large hedge fund. I used a head hunter to get some interviews but the job i ended up getting on the dealer desk, which made my career essentially, came from a bloomberg jobs posting if you can believe that. Assuming you have a bberg terminal hit JOBS ...there are actually some great postings there and alot of headhunters also can be found on that page. If you dont have a bberg post ask a friend to pull some listings/headhunters for you.

I'm trying to do this now--I'd say I've gotten around half of my interviews from headhunters and half from connections. I'm pretty concerned about it getting back to my PM, but most of the headhunters I've been working with have been pretty good about not spamming my resume around. I'm trying to shift strategies as well, which makes me a bit less worried about my PM finding out.

Curious, did you contact the headhunters or did they contact you? If the latter, how did they get your info? And, are you doing anything in particular to keep your search private?

Thanks very much BondArb.

A fairly common trend is for a PM (or at least someone with a decent bit of VAR to play with) to get headhunted from a Fund, or leaves to start-up on their own - they will then go back and pinch a couple of analysts from their last shop.

Small fund to big fund and big fund to more senior at small fund is also common. Depending on how specialised the area there is a greater chance of network being important (in say capital structure arbitrage) rather than in the giant world of equity l/s.