What if you want to switch over to a l/s equity hedge fund, but don't have strong modelling experience? However, you do have corporate access coming from a sell-side firm, i.e. initiating non-deal roadshows?
Can you still transition to a hedge fund analyst role?
| +39 | HF Start-up salary expectation | 15 | 23h |
| +23 | Undergrad Hedge Fund Programs | 13 | 1h |
| +23 | Navigating pod politics | 7 | 2d |
| +20 | Recruiting from Low-Quality Fund | 2 | 23h |
| +15 | How hard is it to go from a large L/O to a Hedge Fund (Either L/O or L/S) | 4 | 8h |
| +13 | HC or M&A IB Group for HF | 7 | 3d |
| +12 | The 8 MNPI control gaps SEC examiners keep flagging | 0 | 4d |
| +9 | Treasury basis trade | 1 | 17h |
| +9 | Analyst / PM Divide & Trade Book | 2 | 1d |
| +9 | LSE EME vs MIT MFin | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I honestly don't see any correlation between corporate access and a L/S hedge fund. I think that would be a very tough sell.
A very, very tough sell. When moving to the buy side, your best attributes (PPT and selling) are limited in usefulness.
I love this selling point of the sell side: "We give you corporate access to management!" Translation from corporate speak: "We do not have a business model, but please pay us anyway."
Access to management? Uhh, so does Google and my phone, bro. It's not like I can't call ANY company in the country and, at a minimum, at least get a call with IR within a week. Anything under $2B in cap and there is a 95% chance I will be able to speak with someone from management. It's just not a selling point.
Most hedge funds don't require really strong modeling skills anyway though, you might want to consider that in your approach. Modeling is mostly a waste of time outside of specific deal modeling that a PE guy or banker would do.
Oh OK. My impression was that many buyside HF analysts spend most of their time travelling to see factories and other facilities and give a buy/hold/sell recommendation to the HF manager without a lot of time put in models/research reports other than the reports they get from sell-side analysts.
that is absolutely false. Most buysiders use sell side research reports to just get the basic numbers so they don't have to get them themselves. Not much weight is put on the opinions.
So do they spend a lot of time building a lot of their own research reports?
Fuga quod laboriosam et ut qui et non. Asperiores earum reiciendis repudiandae eaque vitae autem.
Voluptatem veritatis iure quia molestiae ullam ratione. Aperiam tempore consectetur quia sunt.
Quae aliquam esse omnis veniam incidunt veritatis. Dolores quas deleniti vel.
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...