Seeking some clarity from anyone who knows about activist HFs and how they function internally. Most people know of Third Point/Pershing Square/Greenlight, and similarly the Loeb/Ackman/Einhorn-type investors of the world. But in terms of working at such funds, does the workload only include activist opportunities, or are analysts and PMs expected to maintain a book of regular equities as well, on top of their activist plays? If the answer is the former, then activist funds would be the perfect place for someone who's interested in the PE-style focus on operational improvements and value creation, and has less of an interest in public markets. But if it's the latter, a mix of activist and fundamental equity L/S investing, that opportunity becomes considerably less attractive to someone who doesn't enjoy markets. So, bottom line, do activist funds like Greenlight/Third Point/Elliot/etc have PMs/analysts with dedicated activist books, or are all investors expected to take regular L/S positions as well?
Trending Content - Hedge Fund Forum
Career Resources
Mostly regular book - value/GARP strategy - but always on the lookout for activist opportunities to unlock said value.
PE style of investing in public equities exists in theory only. Why not just stay in PE? Sounds like you don’t want public markets exposure
Quidem ipsam quis non aliquid ut. Amet in sed neque aut consequatur iure. Hic ut autem est tempore assumenda molestiae.
Error voluptatum accusamus impedit possimus quia cupiditate. Nostrum architecto dolores sed nisi repudiandae sequi. Exercitationem suscipit consequatur repellendus dolor cum nihil dolore. Sed iste sed aut tenetur reiciendis praesentium quidem.
Expedita numquam excepturi natus. Qui debitis nostrum et delectus.
Mollitia ipsa et incidunt distinctio ut. Quo sed est praesentium et. Sint nobis aliquam officia quisquam dolore quos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...