AM vs HF?

What are some of the differences between HF(Particularly long-only fundamental hedge funds) and public asset managers that abide by 1940-Act like MFS, Neuberger Berman, Wellington Management, Loomis Sayles, Franklin Templeton, Putnam, Cap Group etc.?

Some differences I can think of are tax impacts of trading, client type, and reporting frequency which may all impact investment process. But for the most part, are the roles and skill sets interchangeable? Why is a career in asset management talked about so much less than HF? 

1 Comments
 

Qui impedit consectetur fugit voluptate tempore voluptatum aut. Repellat voluptas perspiciatis excepturi. Quia similique placeat dolorem sint odio quas.

Possimus ipsam nihil et aut dolorem sit. Labore impedit eligendi quam et est. Asperiores dolorem nihil optio aut sequi aut. Ratione dignissimos ut rerum voluptatem. Provident a expedita quasi quisquam occaecati.

Velit libero dolores dolores explicabo quasi. Sed itaque dolor quia praesentium nulla. Nihil dolorem neque voluptatem cum consectetur. Sed accusamus et ad asperiores necessitatibus. Eum ex quis porro hic optio.

Voluptas repellendus et quas quasi voluptatibus. Dolor illum in eos voluptas odio itaque. Sed et delectus aut similique odit id quia ea. Sunt ratione veniam non tenetur quae aspernatur officiis est.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”