24 Comments
 

Prestige in the HF world is different than IB or PE. The fund that is making money and generating alpha is the most prestigious. Tiger (-56%), Lone Pine (-36%), D1 (-31%) are all considered "prestigious" on wso but were all down significantly last year. There's plenty of HFs that are tiger cub and non-tiger cub that are equally as desirable to work as the big names, but are more low-key and you'll never hear about them on this site.

HF is also different than PE in the prestige arena because PE prestige are largely based on how many people you send to top MBAs and how much money you can raise whereas prestige in the HF world is strictly based on performance. Most people in the HF world don't desire to leave for an MBA and it's actually more difficult to generate returns the more AUM grows at a HF.

 
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No such thing. You either make money and get paid for it, or you don’t. There’s an overcrowded graveyard full of “prestigious” hedge funds.

What matters is:

Performance

AUM

AUM per Head

Path to get your own risk in the book

Nothing else matters. You go to an Ivy League school and to GS or Evercore banking for the prestige — not a hedge fund. 

 

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