Leaving CRE for Finance world
Has anyone successfully crossed over from CRE into Hedge Fund world? I'm an acquisitions associate in NYC RE but I could not be more jaded with the current cycle. Have been reading tons of trading books and feel I am now more interested in finance. I am 28 and considering going for my MBA. Anyone here happen to have any insight?
do you focus solely on NYC properties? If so, maybe check out national firms
I would really think about it. A lot of "finance" guys end up wanting to go into real estate. The grass is always greener and don't forget that. Hedge funds are on their last leg (for now), meanwhile more and more money is going into real estate.
First hand example of this --- IB/HF background
Starting an MSRE to get to REPE
No other thoughts on this? I'm curious too. What was the transition like, how'd you do it, what role did you move into?
"but I could not be more jaded with the current cycle" - what makes you think you won't get equally if not more jaded working at a HF? Cross-asset correlation has pretty much gone to 1 during this credit cycle - I don't know that managers in other asset classes are having any more fun than real estate right now
That said, have you considered trying to make the jump within real estate to an HF? Off the top of my head, Baupost and Farallon have dedicated real estate strategies (assuming you could get in)
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