From Special Sits (public & private) to Macro / Multi-Asset HF
Hey friends, As the title above states, I’m interested in knowing if there are any professionals out there that started in SS, and transitioned to more macro HF roles? I.e moved to trading thematically, trading rates, more even-driven, etc. Is there such a case? And if so, how did you transition to those roles? What did you read/study? How did you prepare?
Based on the most helpful WSO content, here are some insights on transitioning from Special Situations (SS) to Macro / Multi-Asset Hedge Funds (HF):
Industry Trends and Transition Tips:
Preparation and Study:
Skills and Experience:
Practical Steps:
For more detailed discussions and personal experiences, you can refer to the following threads: - https://www.wallstreetoasis.com/forum/hedge-fund/qa-head-of-macro-strat…</a">Q&A: Head of Macro Strategy at Hedge Fund Taking Questions - https://www.wallstreetoasis.com/forum/hedge-fund/qa-pm-at-hf-former-sel…</a">Q&A: PM at HF (Former sellside macro trader)
These resources provide valuable insights from professionals who have made similar transitions.
Sources: Q&A: HF Analyst @ $5bn+ Fund - Breaking In and Transition to Risk-Taking Role, Q&A: Non-Target School to Portfolio Manager at a Top Hedge Fund – 6 Years Out of Undergrad, Q&A: Head of Macro Strategy at Hedge Fund Taking Questions, Q&A: Head of Macro Strategy at Hedge Fund Taking Questions, https://www.wallstreetoasis.com/forum/job-search/help-me-formulate-a-career-plan?customgpt=1
Bump
Curious to know what prompted this? Is SS that boring or long-term not great?
[replied to wrong message]
I’m just tired of doing private DD processes with extra-work that adds no value, but that managers want to do to justify their salary, and added-value. I believe, maybe naively, that you make more money per hour (in terms of value per money) in macro than in pure equity.
80-90% of an investment comes from a first look, and unfortunately the 20-10% comes from deep diving into it. I just feel that sometimes the deep dive are just garbage in, garbage out.
yeh a lot at pods
Have not seen any good opinions
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