Analysts Going from Distressed PE to Hedge Funds? - Common for analysts?

How common is it for analysts at distressed PE shops (think Apollo or Cerberus) to move to a HF at the end of their two-year stint? Are they limited to distressed-focused HFs, or can they move to L/S, event-driven, and other types of funds?

From what I've heard, the modeling skills and knowledge of corporate restructurings that an analyst acquires/hones at one of these PE shops are the primary takeaways from their two years there.

I'm also wondering where these skills are most transferable in the HF world-- which HFs tend to seek out these PE analysts?

Thanks.