Aug 18, 2019

Do some hedge funds not like candidates who have worked at another hedge fund?

I think I have heard or read somewhere before that some hedge funds do not like candidates who have worked at another hedge fund, as there may be a perception that they are already shaped into a particular investment style, that may be at odds with that fund’s style. Obviously, I imagine this largely does not apply to candidates at funds run by too fund managers (Elite tiger cubs, etc).

In general, how much truth does that hold?

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Not entirely true. Hedge funds will hire people from other hedge funds that have a similar investment approach.

If you have worked at a multi manager for a while and are trying to switch to a value longer term focused shop, then yes that is probably not going to happen. Completely different investment approach.

That said, I worked at a multimanager for a year and was able to transition to a deep value distressed focused shop. So I can happen, but I would say that it is hard to switch to places with different investment styles, especially if you worked there for a while.

Authored by: Certified Hedge Fund Professional - Investment AnalystCertified Hedge Fund Pro

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Authored by: Certified Hedge Fund Professional - Portfolio ManagerCertified Hedge Fund Pro

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