Is Networking Important At Large MM?

Hi everyone,

I am a sophomore at a public target and want to work at a L/S fund out of graduation.

As applications are starting to open for summer ‘24, I was wondering how important is networking at large multi managers like Point72? I know networking can be helpful for small single managers, however I also know that hedge funds are much more focused on recruiting people based on skill compared with IB.

The trade off is that I could instead use that time to improve my investing skills and research pitch ideas. I know it’s not binary, however getting an idea of how important it is will help me allocate my time most effectively.

Thanks in advance to everyone who responds.

4 Comments
 

Didn't do any and got an offer. Very meritocratic process and most people I know got interviews anyway. No harm in doing so though.

 

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