How often do seats open up at multi-managers?

First year analyst about to be promoted to second year - interested in recruiting for multi-managers. Wondering how often do seats open up at the associate level (either 1 or 2 years of banking or sell-side ER).

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“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

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39 Comments

HF

Analyst 3+ in HF - EquityHedge

6y

Most Helpful

Recruiting is a never-ending process at our firm. There are always analyst seats to fill for the following reasons:

New PMs join and need to build out their teams.
Senior analysts who had a carve get promoted to a junior PM seat and need to hire analysts.
High performing PMs get more capital and then need additional analysts when expanding coverage.
Analysts go to a competitor and need to be replaced.
Analysts get fired for poor performance.
Analysts leave in cases when their PM gets fired but they can't find another seat internally in their sector. The firm will still have to put that former PM's capital back to work, which leads to any of the first three opportunities on this list.

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Authored by: Certified Hedge Fund Professional - 3rd+ Year AnalystCertified Hedge Fund Pro

HF

Research Analyst in HF - EquityHedge

6y

Without exaggeration, seats are always open.

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Authored by: Certified Hedge Fund Professional - Research AnalystCertified Hedge Fund Pro

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How often do seats open up at multi-managers?

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