Is it easier to move from a Hedge Fund to a Long Only or vice versa? I know that more people try to go from a HF to an LO than LO to HF, which might skew the data a bit; But I'm curious to hear your guys' answers.
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Depends on the type of HF and LO
Dude stop using chatgpt to make posts, the wallstreetoasis AI bot is already bad enough
Bump
I’ve went from HF to top LO. Lot of my colleagues have done the same move.
However I’m wondering if I should go back to pods as pay is way lower (especially at junior level like me)
What's your YOE may I ask? Obviously which firms in HF/LO matter, but surprise to hear that is much lower - might be wrong but I imagine that is at the very junior end? the gap should be smaller when one becomes more valuable. Is the job itself more enjoyable?
yes it’s pretty lower when compared with MMHF.
The work itself and the environment is more enjoyable but that’s pretty subjective.
Mind if you PM me? On the LO side myself, and having similar thoughts on my career.
Mind if message me? At a LO now and having similar thoughts for my career.
Seems like the good comp in LO requires seniority? I know a lot of places where the post-MBA starting comp (300-400k) really lags what you could be making in pe/ib/hf with those YOE. But the comp scales over time such that there is a very clear, low risk path to consistent mid-to-high 7 figure comp by your 40s or 50s.
To me this comp profile on a risk-adjusted basis compares very favorably to pod shops, where in any given year your comp could blow LO comp out of the water, but there is also much more negative variance and far lower job stability.
Where would you push back on this?
Why are you confident comp can scale over the next 10 years as it did over last 10 years? Looking at the stocks of those places (TRowe, Franklin, Schroders, Jupiter, etc), they all seem secular decline to me
LO typically harder to transition to given lower turnover (particularly in senior analyst seats). Of course it varies massively depending on type of HF and LO
In terms of the type of environment and transferability of skills, which one prevails?
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