Hedge Fund Career Advice: Is Starting at a Small Fund Worth It?

Looking for some advice on the best long-term path to break into the hedge fund space ideally in L/S Equity or Macro, though I’m open to other strategies.

Background:

  • Non-target undergrad with a near-perfect GPA and strong extracurriculars.
  • Sophomore Internship in fixed income at a top asset manager (Vanguard/BlackRock/State Street). I know this isn’t directly correlated experience.
  • I have built connections that could help me pivot into Wealth Management at a top BB (GS/JPM/MS), or possibly move internally where I am now.
  • Also considering applying to BB IB roles—likely more middle-tier given my school’s placement, but I’m working hard to land the best opportunity possible.

Recently, I’ve been exploring the idea of joining a smaller hedge fund (AUM $100MM+) straight out of undergrad. My plan is to use 13Fs from FLNG on Bloomberg to identify funds and reach out directly, hoping to impress someone enough to get a shot.

I understand this route may be limiting in terms of brand name and exit opportunities, but since my long-term goal is to be in the HF space, I’m wondering if it’s worth starting there early. I am willing to do whatever it takes.

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