So I'm currently working in a strategist position at a BB and i'm wondering what HF global macro exit opps look like. I ask because from what i've usually read most global macro PMs come from trading backgrounds, so i'm wondering if research is at all a valued skillset for a PM role. Would be really interested to hear what people in the industry have to say.
Thanks!
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you need to publish trade ideas....and then after a track record of profitable ideas...you can make the switch. seen it happen a dozen times
So it's relatively common? I've read in places that a lot of analyst in global macro tend to stay as analysts.
Thats because most analysts don't publish actionable trade ideas...because trading is hard.
Know someone who got picked up by Bulge Bracket AM Macro team and she had worked as a different BB's Strategist. Its totally possible.
But as @want2trade" says it's about generating ideas. And keeping that consistent. Clients will notice that
My gf works in the space and it happens quite often. As other have mentioned, you need to built a track record of developing smart trade ideas / advice. Historically, a lot of people joined Macro funds from bank's prop desks, but these have either been significantly reduced or eliminated altogether so I am not sure it's really a common path anymore. Note that a lot of macro fund like to hire Econ PhDs with Fed / IMF experience. Also note that performance as been pretty lacklustre across the board over the last couple years so a lot of Macro funds have shed assets and people.
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