Hedge Fund Landscape - Picking the Right Shop
Hey all,
I'm a second year banking analyst at a MM shop looking to make the move to a hedge fund this summer. I've found that its rather challenging to come up with a landscape of strong funds outside of the top tier (Bridgewater, Citadel, DE Shaw, Millenium etc.).
Let's make a list of respectable hedge funds for people looking to begin exploring the space to reference.
Which funds have you or friends worked at that are performing well? Which ones have the best work life balance/culture? Which ones offer the best career progression or exit opps?
Really think this will be useful for a lot of people here.
This is a stupid thread.
Quite often you'll need a reference so look what funds are within your relationship network.
Other places though include Balyasny, Oaktree, Point72, and Man group.
Your top criteria should be what type of investment style do you identify with, not if a fund is a "strong" fund. Some of the top hedge funds have closed down in the past few years. It is just the nature of the industry, so any fund that has decent AUM is considered a strong fund.
If you join a fund and you do not like the investment style, then you will fail and not succeed. I joined a large multi-manager hedge fund (think citadel, millennium, point72) and had the potential to make $500K a year. I quit after just one year because I hated the investment style. Can read more about why I quit here.
You will not be successfull until you figure out what exactly you want to do - AKA figure outwhat investment stategy you really identify with.
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