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Shouldn’t be too hard. I wouldnt do it though unless you can get into a $1B+ fund with a long term track record.
Any particular reason why you wouldn’t? Size of book?
Long-term adjusted earnings are generally better for PE since there's generally accepted longer survivability vs a HF where all it takes is a few really bad quarters and you're hosed. If you're going to leave a decent PE seat, incl. LMM, for a hedge fund you should target places that likely have some staying power and a track record. Startup funds are always risky, but you basically do the same calculus as looking at a startup PE fund by checking management's pedigree and if they have any track record indicators you can find.
Let’s play Devil’s Advocate and say you’re in the 75th+ percentile of investors and consistently beat the market.
Would you throw the risk adjusted basis out the window?
While you wouldn’t have your own book at entry level I assume, I’m trying to figure out if this is ever monetarily worth it.
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