Breaking into a Hedge Fund from Middle Market ER
I'm curious to learn more about the exit opportunities that one could expect as a sell-side /associate for a middle market firm ( analystJefferies/Truist/Blair/Cowen/Stifel/Piper). Specifically, I am wondering what quality of placements these firms get with hedge funds or asset managers.
So far, I've spoken with a few associates on the Street and I've been told that hedge funds care more about the individual's skills and knowledge of investing or analyst group rather than the name brand recognition of working for say, a bulge bracket. The general belief that I've heard is that IB and PE firms care because of deal experience and name brand since they are relationship-driven services at the end of the day, whereas really only care about quality of work and performance.
That said, I'd be interested in hearing if there is truth in the belief that MM and BB ER have similar hedge fund exit opps all else equal; or would it be important to lateral from a MM to a BB for better looks from the buyside?
Thanks in advance!