Non-Quant in Macro HF?

Based on the most helpful WSO content, breaking into a macro hedge fund as an econ major is definitely still possible, even if you're not a quant. Your background in economics and econometrics, coupled with basic coding skills, can be quite valuable in a macro HF environment. Here's why:

• Understanding of Economic Indicators: Macro funds often trade based on economic indicators and policy changes. Your econ major should have given you a solid understanding of these concepts.
• Econometrics Skills: The ability to model economic data is crucial for macro funds. Your skills in econometrics will help you analyze and interpret complex data, which is a key part of the job.
• Coding at a Basic Level: While deep coding skills are a plus, being able to automate tasks and handle data is often enough for many roles within a macro fund.
• Sales & Trading Experience: If you're coming from an S&T background, you'll have a grasp of the markets and experience with trading. This practical experience is beneficial for a role in a macro HF.

However, it's important to note that the hedge fund industry is highly competitive, and many funds do prefer candidates with a strong quantitative background. You should also consider the current trend towards quantitative strategies, as mentioned in previous WSO threads. Qualitative macro strategies are not as dominant as they once were, and there's a shift towards more quantitative approaches.

To improve your chances, you might want to:

• Network: Reach out to professionals in the industry, attend events, and make connections. Networking can often lead to opportunities that aren't advertised.
• Showcase Your Skills: Build a track record with your own trading strategies or through simulations. This can demonstrate your understanding of macroeconomic principles and your ability to apply them.
• Continue Learning: Keep improving your coding skills and stay updated on the latest economic trends and models.

As for considering other areas like distressed or equities, it would depend on where your interests lie and where you feel your skills are best suited. Each area has its own set of challenges and requires a different skill set. If you're more passionate about macroeconomic analysis and less about quantitative analysis, then macro HF could still be a good fit for you.

Sources: Breaking into global macro, Macro HF Interviews: Paul Tudor Jones, Louis Bacon and Bruce Kovner, Q&A: Head of Macro Strategy at Hedge Fund Taking Questions, Q&A: First year macro hedge fund analyst, Is nowadays a PhD compulsory to break into HFs?