Credit HFs - Long/Short Credit vs. Loan to Own
Hi guys,
I'm currently a junior/mid level RX banker interested in maybe making a switch down the road into Credit HF land in 1-2 years.
I'm interested in a couple different strategies: 1) buying/selling undervalued/overvalued bonds on the public markets, and 2) event-driven loan-to-own investments + post-emergence investments where you can get outsized returns due to illiquidity/control.
Are there hedge funds out there where you can get exposure to both of these strategies in a particular role or are they typically too separated by expertise? Can an RX banker go straight into this kind of work or would a "stepping stone" in an opportunistic credit seat be required first?
Any thoughts on future trajectory for these two strategies, or insights otherwise into comp/lifestyle or anything at all is also appreciated as information is relatively sparse.
Following
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