Starting at sub $1B hedge fund?
I've read on here that you generally want to work, or at least start, your career at a hedge fund with at least $1B AUM. What is the reasoning for this, and is there ever a situation where you personally would ignore this?
A unique opportunity has surfaced for me at a roughly $500M hedge fund near my hometown, which is far from NYC. On one hand, I am a bit hesitant because I don't necessarily want to go back and work in my hometown, and I am concerned that a lack of a big name on my resume will hold me back from moving on to larger funds in my career.
On the other hand, the alum that brought this opportunity to my attention started at this fund before going to his current firm in NYC, which is an extremely large and well-known multi-strat HF. He said these guys run a legit shop, have been in business for over 10 years, and are actually up YTD. Also, obviously the current hiring market is complete shit, so this may end up being a fantastic opportunity.
Any thoughts or opinions would be greatly appreciated.
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Who cares if it a sub-$1B
Who cares if it a sub-$1B fund in this market - I'd take it if I were you.
Unless of course you have tons of other offers to consider.
Don't have any offers yet
Who cares if it a sub-$1B fund in this market - I'd take it if I were you.
Unless of course you have tons of other offers to consider.
But I've heard that you might not learn as much if you start at a small shop since they won't have much of a training program. It also is a bit of a gamble, because if the fund blows up or the partners decide they don't want to mess with it anymore, it could be difficult to move somewhere else since the name wouldn't be well known. Again, this is just what I've heard, I don't know how accurate it is and am looking for other opinions.
I've heard it's always
I've heard it's always better to get a brand name on your resume, since it allows you to move anywhere and people instantly understand what kinds of training and experiences you've had ... but in this market, you take a job when you're given a job.
Not enough info
such as what kind of position is it?
Front office
It's your standard equity junior analyst/associate gig.
they're up YTD and it's
they're up YTD and it's front office - take it. (also fwd my resume to them plz ... lol.) unless you have a lot of other options which i doubt in this environment.
Experience > brand name
I've heard it's always better to get a brand name on your resume, since it allows you to move anywhere and people instantly understand what kinds of training and experiences you've had ... but in this market, you take a job when you're given a job.
A brand name on your resume only gets you in the door. If working at this hedge fund would provide you with excellent experience, why wouldn't you take it.
Okay, sounds like it's unanimous
Obviously I would take it if it ends up being my only offer, but I just wanted to see what others thought. This is exactly the type of job I want to do, but I wasn't sure if starting my career at a shop that isn't massive or a household name would hurt me in the future. But it isn't like I'm working for a guy out of his basement, as this is a legit shop that has been around for a decade and is up on the year. Thanks for the input guys!