Trending Content - Hedge Fund Forum
| +20 | Left industry… can i return? | 5 | 4h |
| +20 | Best Non RX Sell Side seat for Opportunistic exits? | 13 | 1d |
| +19 | Post HBS hedge fund opportunities | 4 | 2d |
| +10 | MF to Smallish HF? | 2 | 5d |
| +10 | How would you transition a long-only book into L/S? | 1 | 3d |
| +10 | Headhunters for SF HFs | 2 | 1d |
| +8 | Brain fog and feeling overwhelmed in HF land | 6 | 3h |
| +7 | Thoughts on situational awareness | 3 | 6d |
| +6 | How to Learn Programming? | 2 | 5d |
| +2 | What is it like working in BD at a pod? | 1 | 1h |
Career Resources
Based on the most helpful WSO content, there are indeed differences between L/S equity and L/S credit pods at big MMs.
In terms of culture, it can vary widely depending on the specific firm and team. However, in general, L/S equity tends to involve more research and analysis of company fundamentals, while L/S credit may involve more analysis of financial structures and debt covenants.
As for compensation, it's mentioned that the economics are likely going to be different across the board. In a pod shop, analysts/associates might get paid a percentage of the PnL that their book makes, completely dictated by the PM.
In terms of outcomes, it's been noted that equity L/S can have more mispricing opportunities, and if you're good, you might have a better sharpe, which means less risk for the same level of return. On the other hand, credit L/S might involve less stress and easier money.
Remember, these are general observations and the actual experience can vary greatly depending on a multitude of factors.
Sources: L/S vs LO from a non-monetary perspective, https://www.wallstreetoasis.com/forum/private-equity/then-and-now-compbanker?customgpt=1, Why is everyone obsessed with equity L/S, How do top credit shops compare to MM/LMM buyout?
Eos atque ratione perferendis fugiat. Aut ut pariatur occaecati numquam odit. Magni mollitia quisquam voluptatem eum. Occaecati laboriosam velit facilis et veniam dolorum magnam.
Voluptatem veniam assumenda natus sint. Et dignissimos atque rerum. Dolorem ut quis accusamus qui ea voluptates. Incidunt deserunt laboriosam et atque ab consequuntur reprehenderit.
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...