Life Sciences Hedge Fund
I am a surgeon in residency and would greatly appreciate any advice regarding a career change. (I don't want to get into my reasons or the moral/ethical aspects of this).
Prior to medical school I worked in investment banking for 1 year in an analyst program at a well known bank, and graduated from a well known Medical school.
While it is true that much of my finance knowledge has slipped away, let's be honest, analyst level financial modeling is nowhere near rocket science and I know it would come back quickly.
My question is, do opportunities exist for someone like me to find a job at a life sciences dedicated hedge fund and would I have any advantage over someone with far more finance experience than me?
Thanks so much for all your insight!
Does a bear shit in the woods?
Have you tried healthcare focused PE firms or banks?
To be honest, this change is in it's seedling stages and I haven't applied anywhere yet. What interests me most is long/short or value investing through a hedge fund dedicated to the life sciences/biotech. Of course if the HF scene is unwelcoming, I would definitely be willing to try PE/VC/Banks.
I know that there aren't too many independent life sciences hedge funds, but I also know that nearly all large hedge funds invest in the life sciences. Any professional insight would be greatly appreciated...
http://www.youtube.com/embed/THNPmhBl-8I
Orbimed is a top-notch healthcare fund. BroadFin Capital is smaller but a lot of people regard them well. Mitchell Blutt runs Consonance Capital, abd Visium, Healthcor, and Glenview all invest in that industry as well.
Hope this helps.
Really appreciate the fund recommendations. Anyone have any insight on how difficult this transition will be??
Also, great video; didn't mean to come across that way ;).
Why dont you try doing BB ER first?
The answer is yes, you absolutely would be in a strong position to leverage your medical background for an equity analyst position at a hedge fund.
Hedge funds look for an edge in any space, and an MD with the specific knowledge to help make investment decisions on complex healthcare companies (biotech, devices, etc) would pique their interest. I know a guy with a similar background that is a healthcare analyst with Soros.
OrbiMed is the best in this space. They also always boast about how many PHDs they have on board.
That clip is priceless. Went to an engineering school undergrad and one of my friends had a shirt he wore at graduation was "Actually it IS rocket science."
PS, I always heard that surgeons and pilots made the worst investors. Why, something about too much self confidence and not enough knowledge about the investments they were making, coupled with the cash to do so.
Good luck.
Man, reading your story reminds me of Mike Burry.
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