Greetings Fellow Monkeys,
I’m 24 years old this year and I’m looking to get into a global macro HF after my postgrad studies. I graduated first class honours in Banking and Finance from a non-target school. I’ve been investing my own money since 2019, annualised returns of 14.7% TWRR, not outperforming S&P significantly but I’ve learnt a lot since investing my own money.
After graduating I have:
- 1.5 year experience in Middle Office at a local AM ($15b AUA) - involved using Bloomberg and FactSet to analyse fixed income returns, VBA coding experience (to automate mundane tasks like calculating performance fees, returns)
- 1 year experience in Valuations at a Big 4 - valued companies and instruments (convertible pref shares, SAFE notes) across sectors such as communication services, information technology, materials and industrials using DCF, multiples approach, VC approach, Monte Carlo simulation, contingent claims analysis (CCA) - platforms used: Cap IQ, Mergermarket, Fitch, Euromonitor
I’ve just been offered a place in the University of Cambridge’s MFin programme (2023/24), starting September 2023.
My interest area: hedge funds (preferably global macro, long/short equity)
Upon reading posts on the forum, my plan is to:
- Apply for an internship at an IB (S&T, ER, macro research) for Summer 2023 - I understand I’m very late for this but I could possibly get an internship at a local PE or AM in my home country
- Study Masters
- Intern at a hedge fund Summer 2024 (second choice: S&T, ER and macro research at BB)
- Apply for a HF job
Is this a viable plan? If not, what’s the appropriate pathway (if there is one) to land a job in a hedge fund?
Thanks for the insights in advance!
Bump
Go work in sales and trading at an investment bank for 2-3 years.
Bump
L/S is completely different to global macro and they require completely different skillsets. The latter is more data science and programming heavy nowadays.
do you mind elaborating why it's more programming and data driven?
I don't know myself; I'm interning in L/S (Point72/Citadel) and have been generally told by the PMs and analysts on both the L/S and Macro sides that the skillsets are entirely different and the latter utilise way more programming and quant strats. Likely due to the fact that they deal with very large data sets relative to the market and trade more abstract/quanty asset classes whereas L/S is literally modeling single companies using bottom-up analysis.
Generally, macro funds hire people from S&T and economist roles. L/S hire bankers, PE'ers and even equity researchers. Citadel and Point72 hire undergrads for L/S but no idea about their macro arms.
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