BB Middle office / risk roll --> junior trader at hedge fund question

I currently work for a top 4 BB middle office group doing PnL and greek risk reporting. My main goal is to get a pure market risk / trader role. I have a chance to move to a small boutique hedge fund as a junior trader (750mil)... My question is would this be a good move overall or is the hedge fund to small. As an added note, I don't mind taking the risk since I'm young and don't have any debt.

Comments (11)

Jun 16, 2011

Yes, it's a great move, a 750 mm HF is a lot better than any MO role, just like a boutique bank FO is better than MO at GS.

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Jun 16, 2011

Definitely go for the trader role (its what you want). How hard was it to move from the MO to FO?

Jun 16, 2011

Very hard

Jun 16, 2011

my advice is to do a lot of research into the hf....aum is not as important as people like to make it seem. See what their performance has been, how many employees are there, turnover, how many funds, how many pms?what happened to the last jr trader? etc

If this is going to be a role that allows you to learn more about the markets, get a feel for execution, be a part of investment meetings, then I think it is a very promising opportunity to add to your skill set.
BUT keep in mind that "junior traders" can often just be a nice title for doing exactly what you are doing now: p/l, risk, etc....except your bonus will probably not be as nice. MO/FO is a very blurred line at small boutiques, and remember that you're not trading client flow, so you may just be supporting an execution trader, with no real exposure to market-related information.

Also, what type of products are they trading?...there's much more room for "jr trader" growth at places that focus on futures/macro/fx, then those trading L/S, special situation, or anything needing deep financial statement understanding. Ask a lot of questions, and read up on the fund

Jun 16, 2011

And not to mention a $750mm fund can be huge if there's only a couple of guys there. (especially if the firm is young, and the top guy has been bringing in money consistently)

I would much rather that size and environment, then a 1.5b fund with 20pms, and a ton of back office staff.

Jun 16, 2011

Are you going to post this same question again tomorrow?

http://www.wallstreetoasis.com/forums/bb-middle-of...

"It is hard to fail, but it is worse never to have tried to succeed."

Theodore Roosevelt

Jun 17, 2011
Something Creative:

Are you going to post this same question again tomorrow?

http://www.wallstreetoasis.com/forums/bb-middle-of...

Hey ass, I just thought since it has to deal with HFs why not post it here as well, maybe get a better response. I did, so how about you stop being a troll and shut the fuck up :).

Thanksssssssssssssssssssssss

Jun 17, 2011

Don't stop now, there are 15 other forums you can drop it in. Maybe you'll get a better response...

"It is hard to fail, but it is worse never to have tried to succeed."

Theodore Roosevelt

Jun 17, 2011
Something Creative:

Don't stop now, there are 15 other forums you can drop it in. Maybe you'll get a better response...

Again, it may be hard for you to understand, but I posted in both these fourms because it involved trading and HFs. Some people don't look at both, and since it has nothing to do with other forums it won' t be posted anywhere else. Also, I got the answer i needed, so kindly stop being a douche. I understand that you aren't intellgent enough to understand this, and are just being an asshole / troll / dick / etc.., but please shut the fuck. Thanks buddy!

Jun 18, 2011

which would you guys take out of undergrad if the ultimate goal is to be a hf manager?
MO at a top 20 hedge fund or s&t and a mid/lower tier bank?

Jun 18, 2011

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