IB->PE->HF or IB->HF
Hey everyone,
HH's have been reaching out and I am not sure what to do or say. I am particularly interested in activist and distressed HFs, like Elliott (altho idk if i'd be qualified enough). Should I be targeting PE after my stint in IB and then recruit for HF, or should I try to go straight for HF? What gives me the best chance to get a hit on a HF. Is it possible for me to hedge my bets and do both? For context coming from a top BB group in NYC.
Thanks!
If you’re in a good RX group you can easily go into distressed HF directly. If you want to do L/S equity at a MM that is also very doable. If you’re really in a top IB group and know your shit then you can go to a SM L/S equity shop and some of the Tiger Cubs (had a guy in my IB group jump to Maverick 7 months into the job). But if you’re really focused on the tigers like Viking Lone Pine Tiger Global etc. then your best bet is to do 2 years of MF PE in order to get your shot there, as those are the candidates they almost exclusively recruit for.
I hear Melvin Capital is a pretty distressed fund right now