HF reached out shortly after I started at large LO
Recently started at a large long-only asset manager in a multi-asset/fundamental investment research role. Received a message from someone on the business development/recruiting side of a multi-manager hedge fund. They acknowledged I’m probably not looking for a role but wanted to provide insights into their business and learn more about my background.
How would you guys interpret this?
I’d interpret it as them trying to fill a pod seat for a new PM or someone that quit / was let go on an existing team. You’re already an experienced hire in a public markets focused role, and they can likely float the carrot of stronger near term comp potential, so you’re certainly one of many with a similar profile along with those at SMs or external pods.
You’d be in a much different lifestyle and coverage role, depending on the LO you’re at with almost certainly less stability. As someone that’s a mid level analyst at a SM with friends at the larger pods, I often think about the move but have rationalized that I get paid well enough, with enough runway and like the PM I work with. No right answer. Despite what people say, if you have reputable public markets experience you can get a look at one of the pods, but no guarantee it’ll be the ideal PM or that you’ll have success.
"You're already an experienced hire" LOL nothing further from the truth. You're inflating his expectations, when in practice 3-6m of experience is tantamount to nothing.
Brother.. does it look like I know OPs life story. Relax.
Take the call, especially as they acknowledge you "probably aren't looking", they're giving you a free opportunity to explore. Let them pitch you, ask questions, and give yourself the chance to have a positive note or two about the interaction in their system. It can't hurt. You might learn something that pushes you towards or away from this world as a next step - valuable either way.
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