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!
Bump
Is this AKO?
I have spoken to AKO about short position. Can you comment on OPs post with regards to AKO?
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.
I wouldn’t ever want to be a short-only analyst. It’s the hardest way to make money at scale.
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.
Very well said.
Seems like a tough gig. Not the same, but guys like Carson Block have made a career out of calling shorts.
Something something Melvin Capital Something something GameStop
more like something something Enron
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