From Multi Manager Platform to China Hedge Fund?
A friend of mine is a junior analyst working in a multi manager platform (think, 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.