What do HF analysts personally invest in?

Given you are not allowed to invest in the stock market, what do HF analysts / PMs invest their personal capital in? In PE, the compliance varies firm to firm, but at most firms you are allowed to trade. On the HF side, compliance is much more strict and you are not allowed to invest in the market (ETFs are an exception). As such, do most HF analysts / PMs invest in real estate, startups, or just buy ETFs?

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It depends on the type of fund and how many investors it has. Hedge Funds can only be invested in by accredited investors (granted, most HF employees are probably accredited) and there is a maximum number of investors they can have (depending where they are based and on the net worth of their investors).

One bit of investment wisdom is to not put all your eggs in one basket, if you work at a firm and get all your pay/bonuses from there it’s a poor idea to invest a notable amount of your portfolio in that firm. If the firm goes under or starts hurting, not only can you lose your job but your investments will collapse at the same time (when you need them most).

 

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