After Your HF Closes Doors...Are You Truly Unemployable?
I can't help but feel that I am missing context when reading about base-case, especially when reading through threads on WSO. Can you all help me wrap my head around this? I've read some helpful threads on here about this, although a lot of them were focused on earnings outcomes. I am more concerned with employability.
I know the generalis that unless you are extremally confident in you ability to consistently outperform, you are likely better suited for a career at a LO AM firm, pension fund, family office, etc...but there also seems to be so much doom & gloom surrounding the mid-level hedge funders who blow up, get pushed out, or burn out.
Especially the part about struggling to get other seats, or even corporate jobs. I get this is a humbling industry, but is it really as tough as some people have let on in regards to employability after a bad stint? Lets say you join a SM L/S fund after a/S&T/Junior LO Analyst, and have moderate success for a solid 3-5 years. Why wouldn't a family office/pension fund/LO AM take a chance on you, assuming the HF you joined had a similar strat, time horizon, and style?
I've been tapping my network a little bit and been on the phone with a few head hunters, and want to make sure I know what i'm getting into. One of my theories is that the base case outcome individuals are probably less likely to share there experience on a forum than the two tail ends, but I would love some guys with someme if they think they would be able to transfer to a family office/pension fund/LO AM after a few years into there careers.
For reference, I do not anticipate moving to, more like a solid performing $600-$1.5B single manger focused on equities. Thanks guys