HF CTO/COO vs Trader
Hi all, I have been a browser of this forum for a very long time but this is the first time I am posting here. To give a bit of background of myself, I've spent my past 6+ years working as a quant developer on the buy-side. I have been focusing in areas of building quantitative research and algorithmic trading infrastructure and in coding model prototypes into production models for live trading.
Quite luckily, I have recently been offered two different positions for the potential next step in my career. The first one is to join a relatively new quant fund started in London by a very experienced, respected and well-connected veteran in the industry. My role would be to build up the technology infrastructure for trading and also to do execution trading (which will be mostly done automatically by my systems anyways). I was also offered the opportunity to eventually head up the operational side of the business and thus eventually become a COO or CTO type of role and a junior partner of the venture.
The second opportunity is to join a more established mid-size multi-strategy fund in Hong Kong to work as a quant trader. Here I'd be focusing on the research and trading of various strategies together with a seasoned PM. The way I see it is that this would be my chance to finally break into trading, something I have always wanted to do since I graduated quite a few years ago. As the fund is not a new venture, I would not be offered any "partnership" in any foreseeable future but will be paid the usual base + bonus type of compensation.
I am quite torn between the two positions as the first one seems like a natural progression of my career and the latter gives me a chance to do what I have always wanted to learn and do. Both opportunities also have tremendous risks associated with them: the venture of the first one might never grow to its full potential (who knows what would happen in these crazy markets) and in the second one, my trading might turn out to be not so successful after all.
I am not looking for someone to make the decision for me but would really appreciate your thoughts and comments!