Trending Content - Hedge Fund Forum
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 21h |
| +19 | AI/job update | 4 | 6h |
| +12 | Fund 1 8%, fund 2 5%, when will fund implode? | 5 | 19h |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 16h |
| +3 | Dragoneer | 1 | 2d |
Career Resources
When deciding between a position at a Hedge Fund (HF) for their Collateralized Loan Obligation (CLO) arm and a Tier 1 Private Credit fund like Oaktree or Ares, there are several factors to consider based on the insights from the WSO dataset. Each path offers unique opportunities and challenges, and the best choice depends on your career goals, interests, and values. Here's a breakdown to help guide your decision:
Career Path and Growth
Compensation
Lifestyle and Work Environment
Impact and Decision-Making
In conclusion, if you're drawn to specialized work in structured finance and enjoy a fast-paced environment, the HF CLO arm could be a great fit. On the other hand, if you're looking for broader exposure to credit markets, potential for higher long-term compensation, and possibly a more balanced lifestyle, a Tier 1 Private Credit fund like Oaktree or Ares might be more appealing. Ultimately, consider where you see yourself thriving and what aligns best with your career aspirations.
Sources: Ares Capital Management - Culture, Status, Word on the Street, Credit Hedge Fund opportunities, Good credit funds?, Special Situations Investing (BX, Apollo, Ares), Credit funds
bump- any thoughts?
There is a thread on the credit forum that highlights private credit salaries across a few levels, you should check it out. No idea where CLO comp is like. But think about the fact that private credit still seems to be a growing asset class whereas CLOs I do not think are. Knowing what I know, I'd choose the private credit role if I were in your shoes.
Hey, thanks for replying. Noted on the recent PC growth but CLOs have experienced some monster growth right?
Do you have any thoughts on if PC funds can contiune to perform well and pay these levels of salaries once interest rates normalise?
I have not heard of anything about monster growth in CLOs. Maybe that's partially due to media bias and the hype PC has gotten.
And with your question, I don't mean this facetiously but what do you think? I think if you want to work in either of these asset classes you should have some rough idea of what the medium to long term outlook for them look like, even on a basic level. What attracts you to either of them in the first place?
My rough idea is that PC bonuses will come down as things begin to normalize, but that it should still be a solid space to make mid six figures and then high six figures by your early 30s.
I forgot we even had a credit forum!
Feel free to reach out, different funds have different comp structures.. really depends on where.
CLO comp will generally be the lowest among buyside roles. If you're at the right private credit shop, you can get meaningful carry, which can give you more convex outcomes over time. Again, depends where... devil is in the details
Aut odio rem odit voluptas porro. Ut quis sed expedita mollitia tenetur aliquam. Vitae dolores molestiae aut dolores voluptatem nemo. Labore tempore sed soluta quod eum recusandae. Similique voluptatem molestiae nesciunt.
Esse optio quia exercitationem itaque aut nisi vero consequatur. Qui ut asperiores sint ipsa. Qui quam sit aut accusamus. Quibusdam nesciunt ducimus dolorem nihil nulla saepe est. Delectus totam rem molestiae ut.
Iure soluta velit quia magnam tenetur ea. Iure molestiae et nostrum ipsa distinctio blanditiis quisquam. Placeat possimus consequatur mollitia necessitatibus et inventore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...