Sellside Trader to HF Transition
I was wondering how hard it is to make a transition from sell-side trading at a "Hedge Advisory" (we do financial hedging for oil and gas companies) to a hedge fund or a prop desk? I joined the company when it was much smaller and have gotten experience in several areas of the business (spent 1.5 years in ops, 2.5 years in market analytics, and am moving to trading department now). The company does not take risks or trade speculatively, but we do formulate opinions on the direction of oil, gas, and ngls price, by modeling supply-demand, like you would at a prop desk. We primarily execute swaps and costless collar, 3-way collar, but not much else. Is this trading or execution experience valuable, if I'm not taking risks, or do I need to make a change if I want to move to the buy-side?