Do any of the banks have internal hedge funds to apply too? Its hard to find these opportunities.
Or were they all removed due to Volcker. Secondly, is it possible to move into L/S equity from a restructuring background. Thanks.
Or were they all removed due to Volcker. Secondly, is it possible to move into L/S equity from a restructuring background. Thanks.
+50 | Pod Shop Regret | 16 | 7h | |
+26 | Fastes PM progression ever seen? | 31 | 2d | |
+17 | Why don't MMs do any activism? | 12 | 30m | |
+17 | How extroverted is the junior MMHF job? | 6 | 5s | |
+16 | Are you making money these days? | 9 | 1d | |
+13 | Credit Pods | 6 | 1d | |
+12 | Mid to Low Frequency Quantamental | 1 | 2d | |
+12 | Point72 Academy Case Study | 13 | 19h | |
+11 | Stephen Moyer- Distressed debt analysis | 5 | 4d | |
+10 | Track record to start a small hedge fund? | 6 | 3d |
Career Resources
GS has SSG still, dunno how they can skirt around Volcker.
I thought SSG was technically under "investing and lending" (maybe they call it something different now) where they're deploying the bank's capital in private / structured credit deals. Basically lending out money like a bank is supposed to do. Maybe they syndicate out some pieces? But I doubt they are punting around in these types of securities, imagine they are super illiquid. Anyway I think that's why they can still have SSG
As far as I know SSG was moved into the Merchant Banking Division a couple of years ago and recently MBD was moved under Asset Management
UBS has its OConnor strats which does some pretty cool stuff, JP Morgan has Lynstone, Guggenheim is an investment firm with a bank, Citi I think still has a good distressed group, Jefferies had a distressed group not sure if that has ended.
I thought the volcker rule forbade banks from having hedge funds; but even if one exists, why are you limiting your search to hedge funds owned by banks? Why not also consider working at a standalone hedge fund? Or if you're willing to work at a bank-owned hedge fund, then why not consider working at the rest of the bank?
For most roles, the day-to-day work at a bank is not that different than the day-to-day work at a hedge fund. The comp is sometimes (not always) higher at hedge funds, but if you're willing to work at a bank owned hedge fund anyway, then you'll be in the bank's pay-range rules so I wouldn't expect it to pay better than any other role.
Ut quos fugit provident. Atque corporis ipsam adipisci omnis. Quo enim eius qui dolorem molestiae sint sit. Possimus laboriosam ipsa dignissimos quis. Omnis aliquam commodi delectus amet debitis.
Hic maiores alias at molestias sunt sint. Nisi ut laborum eius hic aut qui laborum. Animi harum nulla eaque itaque. Et ut vel officiis corrupti occaecati. Laudantium est consequuntur labore quisquam tempore veniam ut.
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...