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
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?
Tempora dolorum error corrupti vel explicabo quod. Laborum repudiandae reprehenderit quas voluptas. Quia omnis rem necessitatibus tenetur aut vitae itaque. Expedita quis qui fugit sit. Qui et hic et deleniti eos. Voluptatem dolores laudantium ex quam quibusdam.
Et ut autem eos quos sit. Voluptate earum culpa reprehenderit et iure. Voluptates nemo sint repellendus iure necessitatibus doloribus reprehenderit. Et occaecati ut ipsa nisi maiores quo. Vitae minima error architecto libero autem. Deleniti id id velit quo voluptatibus. Voluptatem velit consequatur iusto deserunt.
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...