Think funds like Cinctive/Verition/Woodline/Hudson/Exodus/Freestone vs buyout/growth PE, sector coverage fits like a glove. Would likely have to take a step back to Analyst but this seems like an opportunity I wouldn't be able to try later on if I waited + I can afford the stability risk still (not in my 30s w/ kids yet!). Public markets were what first got me interested in finance but I ended up going the privates route, though that itch is still there and I've enjoyed building up my PA (not going on my resume) with deep dives on a handful of companies + good luck. PM seems to have a solid track record and no blow ups.
I realize all the typical differences we can point out between public vs private, shorter time horizons, etc. But do these seem like relatively good launches/stable platforms (albeit w/o the returns of the big dogs like MLP/Citadel)? What are some I should consider/think besides the day2day workflow/process differences?
WallStreetOasis.com can you please tell the mods to put this back in the HF section and not PE? I posted it there because that's who I'm asking the question to... srry idk who else to @
Edit: Thank you Patrick!
WallStreetOasis.com they moved it back like 10 minutes later...
Ignore my title, I work with in the public markets. First, you're not taking a "step back" to analyst. In the public markets there are only three legitimate roles (typically Sr. Asso/analyst is just a stop gap before promotion to the next tier and not a real title with differentiated responsibilities) Associate -> Analyst -> Portfolio Manager. Many places don't even have associates so you'll only see two roles at some places. Analyst is the PE equivalent to any title between Sr.associate to principal in PE. The only way it'd be a step back is if you were an MD at your current PE firm, which you wouldn't even be considering this if you were.
Next, not all those funds you listed are equal, but in general if it your first foray into publics then I would not start there. Those firms are for people with experience at the big 4 that a) got pushed out and are looking for another chance to improve their track record b) analysts that are eager to become PMs at a big 4, but don't want to wait on their firm's timeline for them. Because of this I would not recommend starting there because these firms do not have the resources available to them that the big 4 have. More experienced people may not need these resources due to experience, but it will be very unforgiving to someone that has no experience trying to learn this investment style for the first time.
Places like Verition, Woodline, Holocene, etc. are great if you know what you're doing and the pay is pretty decent as well. Not meant for beginners.
I understand all this. It is literally a step back in terms of base comp and that they're looking for someone with 3yrs FT exp vs I have ~2x that. Obviously that can change on a dime depending on performance, but I'm just evaluating the opportunity as presented w/o any assumptions around performance upside (maybe that's my problem and I shouldn't be doing that for HF in the first place).
I am not going to be given a shot at a Big 4 imo, starting at one of those isn't an option for me. So this sounds like 1 red flag I should keep in mind since I would be very green to this style.
Unfortunate. I suppose it comes down to the PM's expectations if they know I'm not coming from a public markets background. Thank you for the insights.
Did you make the switch?
Et perspiciatis dignissimos iste in impedit a nulla. Temporibus amet praesentium eligendi porro aut. Optio dolorem placeat reiciendis.
Aperiam eos corrupti deleniti aut praesentium. Dolores quam qui ducimus eveniet provident distinctio. Dolor cumque aut tenetur possimus quibusdam et eos. Quas modi consequatur eveniet cumque nemo rem expedita minus.
Repudiandae ab molestias et suscipit temporibus. Excepturi et quo error ut repellendus ut non. Et praesentium est est laboriosam et quam. Debitis quia omnis aspernatur et at.
Accusamus mollitia reiciendis qui. Dolore similique et non ipsa necessitatibus sint. Consectetur est et voluptatem. Est laborum fugiat nisi ut rerum quis provident ut. Eveniet qui et aut veritatis aut voluptatem aspernatur eveniet. Adipisci fuga aut modi ut repellat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...