From Multi Manager Platform to China Hedge Fund?

A friend of mine is a junior analyst working in a multi manager platform (think Citadel, Millennium, Point 72, Balyasny, Schonfeld etc.) and was recently approached by a large China hedge fund (think Spring Capital, Greenwoods, GY Asset etc.).  How would the two roles compare?

Current MM role: junior analyst; risk taker running a small sub book (think 20~30 mn US) under PM but have room to grow to 50+~up to 100 mn if able to gross up (which can be challenging).  Short term trading oriented so very tiring everday with big stress on daily PnL movement. Due to risk limit and the way book constructed likely cannot have very big upside (also not easy to lose a lot of money but need pay extremely close attention every single day hence the stress - missing a small thing can easily eat up PnL buffer).

China hedge fund: long term deep fundamental investor. Long biased with concentrated position. Single position will be at least 100+ mn USD with and core position can go to 1 bn USD. Looking for stocks that can double/triple in one/two years time. Assume pressure would be less and if able to make the right call upside can be huge. The firm is trying to building out it's ex-China investment capacity so the role will only be looking at non-China stock.

Wondering if there are any thoughts on those? Analyst perfectly comfortable working in Chinese setting language/cultural wise. 

Also wondering do people have any understanding on  what are the pros and cons working at China hedge fund? How comps are like in those places. Overall feel there are very little information on those. 

Comments (6)

  • Analyst 1 in IB-M&A
Feb 13, 2022 - 6:43am

I doubt many people on this website will be able to help you, however the Chinese offer sounds to have more upside so go for it

  • Associate 2 in PE - LBOs
Feb 13, 2022 - 10:25am

China role certainly sounds better, but the down side is you're working for the Chinese. 

  • Associate 2 in PE - LBOs
Jun 23, 2022 - 10:53pm

I'm literally Chinese but aight. Bet I can throw darts that outperform your fund's P&L, do tell me more about your "deep fundamental research" lol 

Most Helpful
  • Investment Analyst in HF - EquityHedge
Jun 23, 2022 - 11:21pm

LMAO ok you low skilled labor clown. Don't waste time commenting on topics where you have 0 expertise. Spend more time to figure out why all those HFs rejected you in the past while you were burning all nighters trying to fudge your assumptions to hit that 25% IRR hurdle for your 400 page presentation. 

Feb 13, 2022 - 8:11pm
lollipop.pitstop, what's your opinion? Comment below:

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