Pension fund to HF?
The typical path to get to a large HF is working the first 2-3 years at an IB. But can you get there without the sell-side experience by working at a pension or mutual fund? Asking as a Canadian HS senior considering different aspects of different uni programs. Thanks!
Pension fund - not likely as the work is asset allocation.
Mutual fund - a top mutual fund investment definitely opens the door to hedge funds, though this is harder to do at the lower end mutual funds.
Thanks for the info! Is breaking into a top mutual fund easier or more difficult than securing a position in a comparable investment bank?
More difficult.
Investment roles at top MFs are vastly more difficult to get into. It's a function of available seats. Banks have large analyst classes and recruit every year at their target schools. MFs have much smaller hiring needs.
Thanks!
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