Sell-side Equities Trader --> HF Trader ?

There are lots of threads talking about how Credit Traders can move to Credit HF's and FICC Traders to Global Macro funds. But what about Equities? I guess cash equities is too automated and simple but could equity derivatives trading provide skills that are transferable to some sort of equity related hedge fund? Or will ER/IBD guys most often take those spots instead?

If SS Equities Trading is useful, are there any particularly useful desks to have an extra look at? I will be doing a rotational program within the Equities Trading division of a BB this summer.

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