Fixed Income PM @ AM SA to Macro Fund?

I have an offer for a FI PM asset management at a large AM (think PIMCO, BlackRock, Fidelity, etc..) for SA. My end goal is to end up in an investing role at a global macro hedge fund (Bridgewater type funds)–how common/how realistic is this pivot? Any input would be helpful 

 

Based on the most helpful WSO content, transitioning from a Fixed Income Portfolio Manager (PM) role in Asset Management (AM) to a global macro hedge fund is not unheard of, but it does require strategic planning and skill development.

Here are a few things to consider:

  1. Skill Transferability: As a Fixed Income PM, you'll likely develop a deep understanding of financial markets, risk management, and investment strategies. These skills are highly transferable to a macro hedge fund role.

  2. Network: Building a strong professional network can significantly increase your chances of transitioning to a hedge fund. This could be through attending industry events, reaching out to professionals in the field, or leveraging existing connections.

  3. Additional Education/Certifications: Depending on the specific requirements of the hedge fund you're interested in, you may need to pursue additional education or certifications. For example, a CFA designation could be beneficial.

  4. Performance: Your track record as a PM will be a key factor. Successful portfolio management, particularly in challenging market conditions, can make you an attractive candidate for hedge fund roles.

Remember, every career path is unique and these are general suggestions. It's important to do your own research and speak with professionals in the field to understand the best path for you.

Sources: Asset Management vs Investment Banking for exit opps into value-based hedge funds, Best Route to a fundamentally driven HF in Londob: IB vs AM?, https://www.wallstreetoasis.com/forum/job-search/buyside-viewpoint-from-a-fixed-income-pm?customgpt=1, Any BlackRock 2020 SA receive FT offers yet?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Est veniam tempora vel ut fugiat ipsa. Aperiam doloremque rerum eaque est et. Voluptate enim laborum enim. Officia dolore optio necessitatibus non voluptas quaerat. Sit sit sit culpa similique exercitationem ut. Ut quis illum voluptas dolore consectetur.

Commodi autem reprehenderit sed sint aspernatur. Dolorem accusantium et quo atque nisi debitis. Ut quos inventore modi reiciendis. Rerum consectetur vel facere ullam ipsa non.

Repudiandae occaecati voluptates magnam harum. Perferendis laudantium esse sit minus temporibus esse voluptatem. Ab dolor quis natus eaque qui qui quod. Laudantium voluptatem illo ex sint et corporis vitae. A aliquam fuga porro.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”