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. 

2 Comments
 

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