Hedge fund or Prop Shop on resume?
Applying to summer internships... my best work experience is that I worked on a convertible arbitrage (convertible bonds) desk for several months. The fund is entirely owned by the traders and management (i.e. internally), and has 300+ million in AUM. They called themselves a "hedge fund", but they do not have any outside investors or any kind of 2/20 fee structure. So should I be calling this a hedge fund or a prop trading shop on my resume? Do I call it a proprietary hedge fund?
Thanks for the advice!
Also, because the fund is secretive, you cannot google them. Should I list their approximate AUM in order to establish credibility?
I work at a firm that is basically in the exact same situation. I call it a multi-strategy hedge fund. Prop shop conjures up a different impression. The truth is, this is a large personal account, but don't write that or people will be confused. You can list AUM or refer to the track record.
I'm not sure, when people can't find information they get suspicious.
Welcome to hedge funds.
A whole lot of hedge funds don't have websites. Private businesses are just that; they're private and value their privacy, and it doesn't mean they're not reputable.
For example BDT Capital doesn't have a website, yet is obviously well known.
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