Do Associates' backgrounds convey information about the quality of a fund?

Obviously not the be all and end all when evaluating a fund for a job.

But is it shallow to look at a fund whose associates went to non-targets and tier II banks and think that tells you something about the quality of the fund?

Discuss

5 Comments
 

Yes if the fund both (i) recruits on cycle and (ii) is established.  A few very strong start up funds I know have what looks like poor quality associate classes.  I also know a couple of funds that don't heavily recruit on-cycle which levels playing field for the top bucket grinders at worse banks.

Also only if its a majority of the class.  Having one or two can be an abnormality (that dude from a flyover state school / Stephens at Blackstone buyouts comes to mind).  

 
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