HF Networking as Undergraduate

Guys, Looking for some insights as to the best way to begin networking/positioning myself to speak with hedge funds about full time opportunities in the fall. If might have some tips to shoehorn myself into the recruiting process, please post or PM. Thanks!

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Best Response

It's really not a good time to look for HF opportunities especially if you're in college. It would be a poor use of time and effort. My HF is one of the largest macro HFs and it doesn't recruit out of undergrad even in good years (occasionally 1 or 2 get in per year in the entire firm). Most HFs don't have the P&L so far this year to take on new hires, and definitely cannot risk an inexperienced hire. The standard names come to mind -- Bridgewater, Citadel, Two Sigma, Point72, D.E. Shaw--regarding regular recruitment of students out of college (assuming you have good quant capabilities for the latter 3). There may be some smaller AUM funds with the P&L to hire someone, but they're really hard to find and even recognize the name of. Plus the industry is under a lot of pressure to lower its fees and experiencing capital outflows. Several large macro HFs have experienced capital outflows and it's quite likely the same is happening on L/S equity as they've been mostly non-performing for the past few years. Good luck if you do insist on pursuing this route.

 

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