Special Credits Group - Exit Opps
questions answered please delete thread
Keywords
questions answered please delete thread
| +73 | How much of success in this career is just luck | 14 | 1d |
| +28 | Would you work at this distressed fund? | 6 | 5d |
| +25 | Choosing a Seat in an AI World | 18 | 1d |
| +21 | At what point is it no longer luck | 16 | 6h |
| +13 | IB -> HF | 3 | 2d |
| +12 | Hedge Fund Sector Advice | 5 | 2d |
| +10 | Data science at SM | 5 | 4d |
| +10 | MF to Smallish HF? | 2 | 10h |
| +9 | How to pivot into HF, L/S | 2 | 2d |
| +7 | Covering less deployed sector | 2 | 5d |
Career Resources
Are you serious, where else would you be better set up for a credit fund?
The reason I'm making this post is because I talked to a guy at Citadel who said the non-revenue generating nature of point 1 below would count against me. I want to confirm...although I recognize WSO posts may not match the credibility of a guy who works on the buyside.
if you're researching shit for them to throw on in their prop book, um well that's kinda what research at hedge funds do
it won't count against you, especially as an undergrad
You will get plenty of interview opportunities regardless of what happens to the side book.
I think that the non-revenue-generating point is a bit of a canard. Workout is very important in credit silos and works closely with the other parts of the organization. At worst this should be as good as a publishing research roll (and I would probably advise someone to take it over sell-side HY research based on the info at hand).
As long as you want to be involved in credit that should be a strong seat-we have interviewed people from similar/similar-ish seats in both of the last two cycles.
The only downside I can think of is that because it's a niche group a certain type of recruiter/employer might not put you on the top of the stack because they're looking for a predetermined profile (ie "has to be x y or z group and a/b/c school...").
P&L bit is irrelevant. HFs hire out of ER and IBD and no junior person there generates any P&L. If anything, you are at an advantage for having any exposure to direct P&L at all.
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