What's next after working at a HF?
Let's say you worked at a HF for 5-10 years and for whatever reason, whether you get burnt out, your fund blows up, you get fired, etc. - you decide you want to do something else. Where can you go from this point given your skillset? What have you seen colleagues do that wanted to leave the business? I am considering going the HF route but this is something that concerns me. I am passionate about investing now, but who is to say whether I will be 10 years down the line.
Great question and wish I had the answer...but I have no idea. I'm pretty sure its not an easy road out and would involve leveraging network and likely taking a step back. Its just not a really transferable skillset.
Have seen some people move to sell side, some move to IR role at companies. Depending on the strategy, may be able to move to a private markets focused fund. Others, if they're rich enough, go for entrepreneurship in a totally different industry (Michael Karsch - Juice Press).
In the quant space, I have seen people move easily into the tech sector (data science or software development roles).
Probably helps to have a cs degree behind that first
My view is that if you are ultra short term focused fund then very not transferable skill set (albeit very lucrative if you are good) but if you were working at a generalist / fundamentally driven place then you will be smarter than most people who stayed in industry a while. World is your oyster and with some capital you can create value for yourself / others if you are smart / can frame your experience for others who are open minded. Will you be at xx Fortune 500 company in the finance department? Probably not because career industry ppl won’t understand / might be threatened by you. Would a CEO / new venture bring you on to help them grow the business esp in a sector you know cold? Probably yes
after 5-10 years?...sit on a beach drinking corona retired enjoying your riches
Money isn’t everything tho - need a solid purpose / focus to keep going
between jobs, then get a new HF job, after 2 years, between jobs again... ...
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