Short only Hedge Fund Analyst

Couldn't find any info on this, so I was wondering if anyone has any info on:

- exit opps (I guess mostly other HFs?)

- work/life (I guess better and less stressful than other HFs and equity research at BB?)

- I assume pay is less compared to other equity research analysts (but how much less?)

- I don't really care about prestige but how are they viewed in L/S or macro HFs?

Thanks!

11 Comments
 

If you can effectively short you will be valuable at almost any L/S shop. Finding good, actionable shorts is way harder than finding good longs (anecdotally and in my own experience). The dirty secret at most risk constrained L/S places is that they usually dont make any money (or more often lose it) on shorts, but they need them to hedge. If you can turn a cost into alpha, thats a very good thing.

That being said, it seems like a very hard game.

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 
Most Helpful

Shorting is a long term secular loser. You have to be fantastic at finding those idiosyncratic fraud, overvaluation stories AND be right on the timing. Which is the hardest part honestly. The best short sellers have negative CAGRs over 10 year timeframes.

It’s obviously doable to make money because there’s at least ONE stock that does down year over year. But damn you gotta find it.

 

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