Hedge fund & Private equity fund

I'm now working as an 2nd analyst in PwC transaction service team and now got 2 offers:

  1. Research analyst in one of biggest value hedge fund in China with over 5 B USD focus on HK and NASDAQ, support the whole investment associate team in equity research.

  2. Investment associate in a middle size Private equity fund with about 300 M USD focus on small to middle US manufacture target, add value though manufacturing shifting and set up sourcing center in China.

Can anyone provide some kind advices? Thanks!

Comments (13)

Best Response
Jul 28, 2011 - 11:22am
Kenny_Powers_CFA, what's your opinion? Comment below:

Out of curiosity are you with PwC in China/Hong Kong? Because those are killer opportunities compared to the typical for US transaction services associates.

Are both roles in China? It sounds like they will be very different in terms of work/culture just because of the differences between a $5bn fund and a $300mm fund and the differences between PE and HF investing.

The HF will likely be more stable ($5bn is pretty big and likely not going away any time soon), but will (probably) be more hierarchical. Value investing in China is kind of in an interesting place right now (I assume that the company focuses on Chinese companies listed on the NASDAQ?). HFs are much faster-paced in their investing than PE, even at a value-oriented fund.

The PE fund will probably give you more responsibility (smaller fund), more operational focus (dealing with the company hands-on and effecting the offshoring) and a long term, private-company outlook.

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  • 3
Jul 28, 2011 - 12:01pm
leohuanfang, what's your opinion? Comment below:

Thanks for your comments.I'm In mainland China. And the 2 roles are also both in China.HF is about 15 investment staff. Correct, most deals are Chinese companies in NASDAQ and HK market.

Actually PE is more like my past working experience, but HF is really a interesting job i'd like to try, not to mention it's a great shot, big fund with pretty investment record, a good chance to learn.

Kenny_Powers_CFA:
Out of curiosity are you with PwC in China/Hong Kong? Because those are killer opportunities compared to the typical for US transaction services associates.....
Jul 28, 2011 - 11:51am
leohuanfang, what's your opinion? Comment below:

Actually the PE role is more related to my past working experience, especially on Due Diligence work. But the PE is relatively small with a slow investment pace( 300 M USD since 06, still going) and with a special Philosophy, that is move US company factory to China so as to achieve better financial record.

Jul 28, 2011 - 12:17pm
seabird, what's your opinion? Comment below:

Given the state of the US, Id recommend the chinese firm simply because of the financial instability of the US. China may have some problems down the road with a housing bubble and social problems, but I doubt that these will be comparable to what Im seeing as high potential risks for staying in the US.

Course, I dont know much about living in china, so I cant say. Id personally feel lonely living there w/ little to connect to.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
Jul 28, 2011 - 12:32pm
lax88, what's your opinion? Comment below:

i'd go with the hf offer as well. how are the compensation packages? would the us firm give you an expatriate package?

Jul 28, 2011 - 12:42pm
leohuanfang, what's your opinion? Comment below:
lax88:
i'd go with the hf offer as well. how are the compensation packages? would the us firm give you an expatriate package?

May be not, Most of HF's LP is also from US. Thanks for your comments.

Jul 28, 2011 - 1:19pm
Ricqles, what's your opinion? Comment below:

what's the responsibility of the hf offer? sometimes a "research analyst" is just a bitch job doing literally compiling all the capiq data . If it means you are going to on the investment team as well, i would say go with the hf offer.

Jul 28, 2011 - 9:29pm
leohuanfang, what's your opinion? Comment below:
Ricqles:
what's the responsibility of the hf offer? sometimes a "research analyst" is just a bitch job doing literally compiling all the capiq data . If it means you are going to on the investment team as well, i would say go with the hf offer.

I see. I guess the major task is to handle "research work", and may partly involve in the investment process.

Aug 9, 2022 - 9:26am
dharmendrakapoor555, what's your opinion? Comment below:

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