Sell-side ER -> Family Office Manager Research -> HF?
Wondering if anyone has made this move/how common it is?
Took a role at a large family office (a name everyone knows) and will be assuming the lead on HF relationships. It's made me realize it was just the sell-side wasn't for me and I'm the kind of nutjob that wants to be chained to a Bloomberg terminal for the next 10 years at a minimum, just in a seat where I'm asking questions instead of answering them and pushing worthless earnings notes.
Currently enjoying the cushy gig in the near-term which has given me my time back, but I'm thinking in a year or two I'll want to make the move. Currently taking this time to figure out where I think I'd fit best.
How common is this on the hedge fund side to see someone come from manager research? I do have a sell-side background, but left just before I got coverage since I needed to get out of there. I also get access to PMs at a lot of funds (being one of the larger LPs), we talk shop on my old coverage when it comes up and I'm aware of openings. Not sure I want to stick my neck out and toss my name in yet (don't have that kind of trust in our relationships yet).
You gonna need to explain to your next firm why you voluntarily left a role that requires you to use more core fundamental research skills (on businesses and stocks) than the one you have now in manager research.
Only saw people doing it the other way around.
Mostly people (early in their HF career) who burnt out / couldn't make the cut at HFs and decided to exit to some cushier role like MR/FOF.
You can still make the move but will have to prove you're well verse in certain niche/coverage/strat.
I realized after this I hate these questions. The answer is yes it’s possible. Just need to be the guy that someone else in this thread talks about doing it.
I’ll build up the network and get there.
I work at an emerging markets focused single manager - would love to get connected to explore if there are any opportunities for us to work together. Possible to DM me?
FYI I went from SS to Buyside. Sure I ask questions but still answer lots of Qs from PMs and write tons of detailed earnings notes.
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