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!
| +19 | Final round HF process - is it weird to send another idea? | 10 | 2d |
| +16 | SF HF Roles | 15 | 1d |
| +13 | Undergrad Hedge Fund Programs | 6 | 1d |
| +6 | Next cooked MM? | 1 | 4d |
| +6 | Elements/Examples of a great stock pitch? | 10 | 40m |
| +6 | HC or M&A IB Group for HF | 2 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
Esse enim fuga autem perspiciatis maiores a ad. In consequuntur ut vel similique occaecati qui.
Voluptatem officiis dolor nesciunt iusto ullam molestiae dolor. Non aspernatur ducimus voluptatem modi. Sequi labore quos aut repellendus et corrupti sit ex. Ad quia fugit quasi ducimus quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...