I know walk ins/calls are frowned upon for IB but wasn't sure if this was the case for HF. I live near a few big name Hedge funds and haven't been able to connect with anyone there so I figured I might as well drop by and hand my resume for a potential off cycle internship. Thoughts?
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Visiting in person to hand off a resume is a total anachronism, but a high school kid did it here last summer. I was impressed by his old-fashioned hustle, and by his resume too, so we took him on as an intern. He didn't get to work on our hedge funds, but he did get into Penn ED. He'll probably be here next summer too, unless he finds something better.
So it can't hurt to cold-approach hedge funds. Although these days, it's kind of hard to get through the door, literally, without an appointment.
Most places won't allow you in or past the front desk without an appointment. I'd cold call or cold email first as opposed to just walking in.
Would a cold call be as simple as "I'm so and so student from XYZ, I was interested in learning about your firm. Is there someone I can speak to/are you hiring for internships?".
Read a PMs bio recently who made his move from a BB to a HF by waiting outside the HF until the CIO left, had a chat with him, and was hired the next day.
This is evidence that it happens, but lets be honest you are going to have to be the PERFECT analyst and fit to pull this off, otherwise you are just going to labelled as annoying and maybe blacklisted by the firm
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