Hedge funds recruiting out of IB

Interested in equity, long-hold, concentrated HFs that recruit out of IB. Are there any SMHF or activist shops that recruit out of IB? I think Elliott, Baupost, Coatue, and Maverick all do. Any others?

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Based on the most helpful WSO content, several single-manager hedge funds (SMHFs) and activist shops recruit out of investment banking (IB), particularly for equity-focused, long-hold, and concentrated strategies. Here are some notable names:

  1. Elliott Management - Known for its activist approach and stability due to semi-permanent capital.
  2. Baupost Group - A well-regarded SMHF that has recruited from IB.
  3. Coatue Management - Focused on technology and growth investments, often hiring from IB.
  4. Maverick Capital - Another prominent SMHF that recruits IB talent.

Additional funds that recruit from IB include: - Icahn Enterprises - A major activist fund with a strong reputation. - Silver Point Capital - Known for distressed and special situations. - Samlyn Capital - A long/short equity fund that has taken IB recruits. - Whale Rock Capital - Focused on growth and technology sectors. - Abdiel Capital - A concentrated, long-hold equity fund.

These funds often value the skill set developed in IB, particularly in modeling, valuation, and deal experience. For activist funds, the ability to analyze and influence corporate strategy is also critical.

Sources: Activist hedge funds: comp, hours, recruiting, List of HFs that recruit from undergrad (FT and interns), Q&A: I'm a hedge fund recruiter., Breakdown of Post-IB Exit Opportunities, Citi, Lazard, Jefferies, Fidelity, Morgan Stanley

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