MF to Smallish HF?

Currently ASO at MF HF type credit arm. Life is really not so bad. I work manageable hours not like IB/PE. I get paid well. It is moderately intense but again manageable and sustainable. I don’t have many complaints about most core things everyone seeks in a job. Except for the following:
- Bloating at mid-level means upward promotion opportunities may be tough/limited
- Opaque reward system on comp and who they ultimately decide to promote. Not very eat what you kill, sort of just perception of you and how much you get vouched for/how much you work/volume of speaking in meetings
- When making hires for big or important roles, they basically always hire externally which is horrible for 1) internal incentives and motivation and desire/willingness to go the extra mile and 2) speaks to how they view their own internal people and training system…

THAT SAID, my point/question to you is, why would I NOT go to a smallish ($1-5B AUM) flexible HF investing across the cap stack and mandates public/private, credit/pref or converts/common, etc. where the team is lean and you can
- Understand black and white why you get paid what you do/eat what you kill
- Grow in line with the firm and AUM
- Deal with less institutional political bullshit to the point where people make recommendations to appease senior peoples’ investing strategy based on current market environment rather than their own
- Have better transparency into how you’re being evaluated (somewhat redundant with point 1)
- Have a better learning experience because you aren’t navigating politics and admin bullshit but are just focused on your REAL job ie investing

I acknowledge people have different risk tolerances and some prefer “stability” (perceived) over upside but I’ve already got the MF on my resume and if our fund gets fucked I’ll get paid severance and either get a new job or get an MBA or save prudently.

My reason for posting this is because I’m evidently growing a perspective and becoming biased and am super eager to hear others’ perspectives whether they align with or oppose mine.

Thanks everyone for your input! And as a final comment I also acknowledge grass always greener and I’m seriously lucky to be in my seat.