What type of HF general pays the most?
Is it activist HFs like Starboard, elite single managers like Viking, distressed shops like centrrbridge etc.
What generally pays the most? Which one would you want to work at if you could choose?
Is it activist HFs like Starboard, elite single managers like Viking, distressed shops like centrrbridge etc.
What generally pays the most? Which one would you want to work at if you could choose?
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I'm not 100% certain but I would expect the shops with highest AUM/ investment professionals such as TCI, Tiger, Viking etc. Please someone correct me if I'm wrong.
What I am sure on is that I wouldn't let compensation be the driving factor in that decision. What strategies are you most interested in? What regions/ geographies? Asset class experience? There is an enormous 'filter' in the HF industry and many don't stand the test of time.... if you really are hot shit, the money will follow.
What AHPD said. It's way more important that you can add most value under a particular framework. You won't last long at a pod shop if you don't think catalysts / quarterly. You will hate your life if you like to trade and you work at a long-only who has multi-year time horizon cuz no one will take your recommendation of a quick trade stock.
On average its going to be the single managers. You may have MMs that will have analysts randomly have huge years but then they'll get fired the next year or some shit.
big ones that perform?
All funds pay really well if you can add value. Figure out which area you will most likely have an edge in.
Like phuski said, it's about how you add value. At some point, no one will pay you the kind of money you are thinking about if you are replaceable. The HF that pays the most is different for every person.
This. So many kids on this site asking "what's the most prestigious/best paying fund?".. you're approaching it the wrong way. Focus on building differentiated skills, and you will be rich. But those skills are often best learnt at a smaller fund working hand in hand with a great PM, rather than by being the 11th analyst at Pershing square.
I’ve read some of your comments and you seem pretty knowledgeable / experienced especially regarding MM funds...in terms of differentiating oneself, any idea what traits / skills help a quant succeed as a PM in one of those environments?
AUM / Investment Professional is a good barometer.
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