What’s the most big brained area of non-quant finance?
I am doing vanilla buyouts at the moment and honestly even though I’m at a prestigious firm, and people are more sharp/polished than in banking, folks definitely don’t seem to be intellectual in any remote sense.
Lately was given the prospect of going into a distressed debt HF role and it seemed on paper like a more intellectual job.
Which asset class is most big-brained in your opinion? Stereotypes ok. Quant is obvious answer but as a lowly econ major that’s not an option.
Research heavy HF roles, firm dependent
macro HF
Would you have any examples of FIG PE shops?
Gallatin Point - smart guys
How does someone get into Structured Products?
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do you mean macro=RV with in a single asset class (rates/credit/vol) or multi asset (I'm skeptical of most macro folks here because it seems like it's either old school slingers or just simple GAA models)?
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What are some examples of good Macro HFs?
Most of the large MM platforms have macro pods (e.g., Citadel, MLP, P72, Exodus Point, etc.). There's also Rokos, Brevan Howard, Tudor, Bluecrest, Schonfeld, (obviously) Bridgewater, and a bunch of other funds in the $1B - 10B range.
Special sits / opportunistic credit where you are investing across various asset classes (corporate, royalties, real estate, loan pools, etc.) and structures from debt to equity (public and private). Having to be up to speed on each asset class and to be able to think through risk / reward across each part of the capital structure (or whether to lend to or buy assets) is one of the most complex skillsets in finance.
+1 to this. Think tasks/fields that reward smart capital allocation and capital structure fosters a real edge in digesting complexity to find value in areas most can't. Frankly personnel / teams that can truly merge both equity (risk appetite and creativity/flexibility in growth) and credit (hedging downside) skillsets are rare
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