AM -> HF?

Have an interview coming up with a big mutual fund and this is something I've been wondering about.

Some of the big asset managers have associate programs for new grads that put you on a great track for getting promoted to analyst (usually after B-school). How would these programs compare to IB in terms of HF recruiting? Especially thinking about the larger SMs that seem to have a thing for IB/PE types.

It seems like actual buy-side research experience would be more relevant to HFs than IB, but do these kids actually get the looks that IB analysts get?

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