Moody's sovereign --> macro hedge funds?
Am genuinely curious about why we don't see this move more often? Seems obvious to me that one could easily go from rating gov bonds to bet on them?
Am genuinely curious about why we don't see this move more often? Seems obvious to me that one could easily go from rating gov bonds to bet on them?
Best Public Markets Gig? ER, MM HF, SM HF, or LO AM? | 13 | 3d | ||
+43 | How to start a family office (HF rainmaker) | 17 | 2d | |
+34 | Law to Quant Pivot? | 10 | 2d | |
+24 | Looking for a Fund Manager to partner with to start a new fund. | 18 | 11m | |
+23 | Starting Personal Account | 12 | 20h | |
+21 | People who work at hedge funds, what made you interested initially? | 13 | 1d | |
+21 | How to destress at Pod HF? | 8 | 1d | |
+19 | HF Final Round Interview | 4 | 5d | |
+19 | Hedge Fund WLB | 6 | 2d | |
+17 | Most appealing public credit seats out of RX? | 1 | 5d |
Career Resources
Moody's to the DMV is probably more plausible
Of course if you worked on corporate credit, but isn't the sovereign experience more relevant to macro hf? is it just a question of pedegree or am I missing something?
Yes, you ARE missing something. Rating agencies are filled with kids from Baruch and Fairleigh Dickinson. Does that sound like schools that Tudor / Duquesne / Bridgewater recruit from?
Ok: but assume a kid gets sorted wrongly at entrance in the job market, and has the names for it. Do you think the move, if looked for, is probable or not?
don't understand your question
Same reason why every humanities major doesn't become the next Soros...
The question is not totally off base and the poster implying ratings analysts on the sovereign side don’t go to target schools/end up at hedge funds clearly is not familiar with sovereign dynamics. FWIW as you imply the other poster is largely correct for corporates. However a few caveats.
Sovereign ratings analyses form agencies typically end up at emerging markets focused vs general macro funds given their competitive advantage in EM hard currency debt (this is primarily what they rate) and the large portion of the em investable universe made up by this asset.
On the other hand leaving aside equity index and commodities macro funds generally are most active in fx/rates vs sovereign credit and rating analysts are typically not forecasting FX (robustly) or expertly watching the central bank monetary policy path (the key inputs to fx/rates).
so it is a slightly different skillset than a macro fund but plenty end up on the buyside.
The sovereigns team in the rating agencies have people only from the top econ and policy schools. The key is to network and to not come across as a risk person... because funds appetite is different and you want to find the wins. However if you are not from a top school then would be harder to network or sell you as a PM.
Quidem illum et assumenda eaque architecto. Exercitationem ut quos quia repudiandae error tenetur recusandae. Voluptates omnis facere non. Et iure cumque voluptatem qui eos nam et. Aut rem architecto magni numquam. Est sit ipsum labore tenetur non corrupti aperiam. Eaque quas sit voluptates quae quibusdam est totam nulla. Aut aliquid rerum voluptas.
Et et vero delectus asperiores magnam nobis. Ut recusandae vitae assumenda deleniti.
Cum ad non quos et animi ratione natus. Similique qui quia ut architecto doloremque nihil officia. Quia eveniet explicabo magni sed nihil. Reiciendis et voluptatem explicabo debitis. Nihil voluptatem eum sequi dolorem aut deserunt.
Repellendus et est et aliquid. Architecto ut inventore cum repudiandae aut tempore est. Est consequuntur excepturi tempora. Eos velit dolor qui quia aut. Enim aut animi consequatur doloribus officiis commodi consequatur. Iste iusto et quod expedita fuga aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...