Building a Track Record / Portfolio Responsibility at Credit Funds
Is it reasonably possible to build a track record and end up managing money when working for opportunistic credit hedge funds? My impression is that almost all of them are centered around a single person and everybody else is a career analyst, albeit with different degrees of influence over the big guy (a partner vs an analyst with 5 yrs of experience for example).
While it seems to be more common to end up as a 'real' portfolio manager in equities and macro, I was wondering if that is really possible when working at a credit HF.
I am not necessarily referring to distressed / bankruptcy investing only here, but also to strategies focussed on liquid but stressed HY debt that is trading between 70-95. Not referring to investing in IG or BB rated debt at PIMCO / BlackRock / Franklin etc though.
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