LO and MM from PE

Are you referring to Raine Cuniff as a top long only? The manager that had 30% of one of its funds in Valeant.

This topic is covered extensively on the hedge fund forum, so I think you might want to post there as well. Most of my friends that have gone into the industry from PE end up in single manager seats that value PE style diligence. Earlier in my career, I would get a lot of inbound calls from headhunters for these types of roles. MM is looking for a specific profile. If you fit it, you can probably get a look. As you are probably well aware, turnover is high and comp is you eat what you kill. A lot of the good long only seats heavily value an MBA, so consider that option if you want to go that route. Active management is a tough value proposition as most shops don’t consistently outperform low cost index funds. I would heavily diligence a firm’s ability to have a sustainable edge over time. Also, look at the ownership structure of the firm. This might have the greatest impact on your comp potential all else being equal.