For big/ institutionalized hedge funds it tends to happen at the same time for post-banking roles. Overall, hedge funds tend to be more sporadic. Most of them start looking when they need someone and stop looking when they've found the right person, with limited regard for the 'recruiting calendar'.
My SWAG: 80% of PE opps will be had during the March - June 'season' and 20% will trickle in at other times. 50% of HF opps will be had during the same period, with >50% happening 'off-cycle'
It's year-round, like dazed said. It's on an as-needed basis.
Some places have entry-level analyst classes that are on the IB campus recruiting cycle, but this is only at the largest & most-institutionalized of managers.
Not really. It's ad-hoc as hiring needs arise. At my b-school the hedge fund jobs get posted in feb-may as funds figure out how many to hire after bonus season.
Most major funds that consistently hire analysts on a year to year basis from IBD recruit on the same timeline as PE for post-banking roles. These include a majority of the big traditional L/S, value, distressed and activist shops. However, the subset of banks and banking groups that these funds hire from is often much smaller than their PE counterparts and you won't hear of most of these opportunities unless you are in the aforementioned groups or aggressively reach out to and impress HF centric headhunters.
The rest are ad-hoc processes as others have mentioned although some of the big funds with tiny headcount that only take on a new analyst once every few years and as needed tend to move in lockstep with the general buyside recruiting process too.
Hedge Fund recruiting timing (Originally Posted: 01/24/2010)
I know PE recruiting starts more than a year in advance of potential start date for mega-PE. What about hedge funds? When should an analyst start reaching out to headhunters for summer 2011 hedge fund opportunities? Is this process also a year in advance of potential start date?
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For big/ institutionalized hedge funds it tends to happen at the same time for post-banking roles. Overall, hedge funds tend to be more sporadic. Most of them start looking when they need someone and stop looking when they've found the right person, with limited regard for the 'recruiting calendar'.
My SWAG: 80% of PE opps will be had during the March - June 'season' and 20% will trickle in at other times. 50% of HF opps will be had during the same period, with >50% happening 'off-cycle'
Bump
Some places have entry-level analyst classes that are on the IB campus recruiting cycle, but this is only at the largest & most-institutionalized of managers.
Not really. It's ad-hoc as hiring needs arise. At my b-school the hedge fund jobs get posted in feb-may as funds figure out how many to hire after bonus season.
Most major funds that consistently hire analysts on a year to year basis from IBD recruit on the same timeline as PE for post-banking roles. These include a majority of the big traditional L/S, value, distressed and activist shops. However, the subset of banks and banking groups that these funds hire from is often much smaller than their PE counterparts and you won't hear of most of these opportunities unless you are in the aforementioned groups or aggressively reach out to and impress HF centric headhunters.
The rest are ad-hoc processes as others have mentioned although some of the big funds with tiny headcount that only take on a new analyst once every few years and as needed tend to move in lockstep with the general buyside recruiting process too.
Very helpful guys, thank you.
Follow up question: Who are the HF headhunters you recommend working with? Big names like Glocap, SearchOne?
As some background, current MM IB analyst looking for HF opportunities post-banking. Interested in L/S and activist.
Thanks again.
Hedge Fund recruiting timing (Originally Posted: 01/24/2010)
I know PE recruiting starts more than a year in advance of potential start date for mega-PE. What about hedge funds? When should an analyst start reaching out to headhunters for summer 2011 hedge fund opportunities? Is this process also a year in advance of potential start date?
same as PE. HF want the best so they'll usually start at the same time. (big shops that is)
what month does it all start?
1st years are just starting to meet with headhunters. Last year Citadel started in March or April I forgot. So get on your game!
do they just come after people in IB or S&T and research as well?
Tenetur voluptas vitae nulla dicta. Dicta alias corporis enim et qui qui qui amet. Aut est modi ut quod quibusdam.
Consequatur dolore qui esse. Vitae laborum aut ullam. Ea est magni velit consequuntur vel ut facere. Beatae velit ut nobis quasi sit eos.
Dolor qui voluptas voluptates omnis magnam iste. Autem nulla voluptas et voluptate inventore aut. Ut tenetur doloribus nostrum et aut reiciendis quod ut. Illo voluptas dolorum ab aliquid vel ut. Praesentium culpa aut culpa consequuntur voluptatibus.
Et sint dolores rerum quae voluptatum est. Necessitatibus numquam ea corrupti at. Impedit velit impedit illo in consectetur.
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