SM vs MM HF after PE

Fellow Monkeys,

I'm a PE associate at a UMM with a couple years of experience. Looking to get into the HF space and want to learn more about MM vs SM funds. I understand that the models are a little different (MM L/S = shorter term holds, SM = 6-18 month holds). Can someone explain:

1) Is MM or SM the best place to start?

2) Can you move between the two?

3) Since HF pods / funds can blow up, would it be *relatively* easy to come back to PE? Which type of HF would de-risk this career move?

Thanks again for all the help

197 WSO Academy Hedge Fund Session Reviews: 4.78/5

Class of '29 Sep 2026 Cohort

5.00/5

Hedge Fund LinkedIn Review

“My meeting with Kevin Lee was super helpful and went well beyond what I originally expected. We met to discuss my LinkedIn profile, but the conversation also covered the hedge fund space and how I’m thinking about my career as a whole. I really appreciated being able to talk about both how I present myself professionally and the broader direction I want to take. As someone interested in hedge funds but also exploring other paths in finance, it was helpful to have a conversation that connected my profile to my actual interests and goals. Kevin gave me a lot to think about, and I left feeling clearer about my next steps. Overall, I really appreciated his time and willingness to go beyond the original purpose of our meeting.”

Class of '26 Sep 2026 Cohort

4.56/5

Hedge Fund Mock Interview

“He was very responsive and prepared for the meeting. He actually read the JD, resume, and looked up linkedin which sometimes other mentors doesn't actually go over those to prepare things beforehand. I appreciate his direct comments I think it saved time and actually helped me to know exactly where to improve. I also appreciated him admitting if he doesn't know about specific HF strategy. Only thing I'd suggest for him is probably sending actionable key takeaways after the meeting because other mentors did and that was very helpful. ”

See All 11,209 WSO Academy Reviews

1 Comments

hominem

HF

4y

Most Helpful

Eveniet maiores quia omnis odit. Cupiditate eaque quam placeat voluptas.

Non quia et asperiores mollitia earum totam. Distinctio illo facere ut porro. Illum aut totam at quo minus. Eos qui ut facilis esse odit. Ipsum veniam recusandae in est. Voluptatum beatae ea maiores perferendis est. Rerum numquam quae provident delectus reiciendis et dicta enim.

Magnam commodi quas eveniet commodi natus. Consequatur corrupti porro dolorem non aliquam est. Deserunt earum explicabo ut consequuntur. Labore voluptate et sunt et.

Reply

Quote

Report

Other

Authored by: Certified Hedge Fund Professional - Portfolio ManagerCertified Hedge Fund Pro

+21	3x SWE FAANG Intern -> Fundamental Analyst @ HF	11	1h
+9	PM is a dumbass	5	5d
+5	Fund 1 8%, fund 2 5%, when will fund implode?	4	8h
+3	Castle Hook Partners	0	5d
+3	Disclosed non public fund performance to a headhunter	2	4d
+3	Dragoneer	1	16h

1	redever	99.2
2	BankonBanking	99.0
3	Secyh62	99.0
4	kanon	99.0
5	GameTheory	98.9
6	dosk17	98.9
7	CompBanker	98.9
8	Betsy Massar	98.9
9	DrApeman	98.9
10	bolo up	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

SM vs MM HF after PE

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

SM vs MM HF after PE

See All Comments - 100% Free

Trending Content - Hedge Fund Forum