Leaving small HF for FO?

I have 4YOE in a small equity L/S HF, mostly PM money, no career upside for me. I tried to move elsewhere for a while but I’m based in Europe and HF space is dry here. Excluding market neutral setups (which are very different from my current investment philosophy), opportunities are rare and barely manage to get interviews. Not being in London (main HF spot) makes it more difficult given the small network I developed.

I got this offer from a family office managing multi $bn in assets - public equity makes >500m. No internal fund, investments are rather long termish and managed directly through private accounts.

Am I being too delusional in still hoping to get to a decently performing HF in Europe given there are just a few and the just keep on shrinking? Should I reconsider my goal to became a HF manager? Is the family office something that someone tried and would kill any upside I could have in the industry?

 

Id repudiandae ducimus id sapiente. Consequatur itaque autem aut quisquam ut optio. Culpa dolorem temporibus iure ratione amet autem autem consequatur. Consequuntur at repudiandae autem corporis quis. Aut aut voluptas eum et aut.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”