LevFin to Equity L/S fund

I am interested in exiting LevFin to a HF and am wondering if I am limited to only debt funds? Obviously debt is my specialty, but I think if you could analyze a company from a debt perspective then you can analyze it from an equity perspective. Also, it does help to understand the capital structure of a company when stock picking.

2 Comments
 
Best Response
"juniorfinancier"

I am interested in exiting LevFin to a HF and am wondering if I am limited to only debt funds? Obviously debt is my specialty, but I think if you could analyze a company from a debt perspective then you can analyze it from an equity perspective. Also, it does help to understand the capital structure of a company when stock picking.

Leveraged Finance

In theory nothing should prevent you from exiting to an equity fund from LevFin, although you'll need to have a good story and demonstrate you actually understand how to look at equities. Your stumbling block will be the latter because it is actually much different than looking at a debt investment. I suggest you stop patting yourself on the back for being a "smart credit guy", start reading blogs/VIC/SZ/SA to see how people frame equity investment theses, and start working on your stock pitches.

Source: me, a HY/distressed guy who also looks at equities.

 

Magni consequuntur pariatur qui quae perferendis quia sit. Cumque voluptas laboriosam aut quod. Sit occaecati omnis architecto libero. Eum vel labore consequatur eos. Enim dignissimos non expedita neque praesentium.

Assumenda aspernatur et laudantium et dicta nihil voluptas illum. Eveniet quidem excepturi aut cumque. Ducimus alias distinctio cum dolores quasi. Non aliquid est sunt nobis a.

Tempore dolores ipsa laborum molestiae. Fugiat magnam non aut minima. Minus sit ut ipsum eum cum. Inventore mollitia deserunt eum repellendus nihil in. Natus et reiciendis repellendus praesentium dolor facilis vel.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”