IB->PE->HF or IB->HF

Hey everyone,

HH's have been reaching out and I am not sure what to do or say. I am particularly interested in activist and distressed HFs, like Elliott (altho idk if i'd be qualified enough). Should I be targeting PE after my stint in IB and then recruit for HF, or should I try to go straight for HF? What gives me the best chance to get a hit on a HF. Is it possible for me to hedge my bets and do both? For context coming from a top BB group in NYC.

Thanks!

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Comments (3)

  • Research Analyst in HF - EquityHedge
Apr 11, 2021 - 8:37pm

Activism and distressed are very different roles. Activism is much more IB/PE like whereas distressed is much more credit, restructuring, bankruptcy. Would solidify your interest between the two before recruiting for HF. Elliott is very unique in that analysts there can do both. UMM/MF PE is a good way to kick the can down the road if you aren't sure yet. 

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