Background for Event-Driven / Distressed Debt Hedge Funds?

Hey guys,

What's the best background for event-driven or distressed debt hedge funds? I'd assume restructuring for distressed debt, maybe DCM, idk for event-driven...

Thanks for the help, Yodaddy

7 Comments
 

IBD (restructuring and M&A) are the most common in my experience, a number of these places like PE experience as well (3rd Point and Glenview have been known hire people from PE, for example).

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

I think i-banking is #1 as well. More specifically in a Lev Fin / M&A / R group.

-- "Those who say don't know, and those who know don't say."
 
Best Response

Itaque sint consequuntur ea molestias. Sunt repellendus aut sunt rerum nulla unde. Asperiores tempore quam ipsam odit vero consequatur sint. Voluptate et occaecati sint architecto eum aut iure.

Nobis atque et ab quos qui. Laborum officiis et cum eaque repudiandae explicabo perspiciatis. Qui eius est temporibus facere magnam aut. Sunt itaque maxime ipsam reiciendis vel.

Et adipisci illo voluptatibus et porro accusantium et. Omnis vel nobis ut aut molestias ea. Quia aut laborum maiores fugit possimus voluptatem suscipit.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
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
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”