FoF to HF? Success Stories?
How likely is it for a junior analyst with a year or two of HF FoF experience to move into direct investing? I have been hearing a lot lately that much of the skill set doesn't transfer and that it's a difficult transition. Curious what the rest of the forum think and if there are any success stories out there. Thanks in advance guys!
Very unlikely; yes: plenty of individual success stories but with intermediate steps such as graduate school, ratings agencies, sell side etc or when direct to smaller funds or long only. Having an independent skill set either acquired on the side or beforehand is crucial for transition.
Thank you so much for the response! Yeah that seems to be most of the advice I am getting. Nevertheless, I have been hearing that HFs are more and more looking to hire straight out of UG rather than through the traditional route of IB. Is that true? (I'm grabbing onto any and every opening there is)
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