Q&A: ex-bank trader now running crypto hedge fund. questions?
I used to be very active under a different username many years ago when I was recruiting forin college. Made a new account to not doxx myself. I benefited heavily from WSO (a few very helpful people in particular) and a friend suggested I should pass it on (yeah, cringe).
Background: I studied STEM at a college in the US (target). Did not fit into any diversity. Not American. Did buyside internships since pre-freshman year (unpaid included) because I was a trading nerd. Got a trading internship at a bank in NY (one of the top 3) and went back full-time. Traded macro products and did pretty ok in market making and prop. Yes there is a lot of, sorry "pre-hedging", at banks depending on your desk. Did that couple years and was recruiting for hedge funds (was going to join a pod at a macro fund in NY as a trader specializing in a certain asset class), but quit to start my own thing.
Current: running a hedge fund in crypto assets. Typical structure: Cayman Islands fund/investment vehicle, overseas fund manager, 2 & 20, etc. blah blah
Other: I have some very close friends at banks and top funds in NY, HK, and London from my internships. I know their salaries and bonuses ("level" varies from analyst ~ co-founder at a hedge fund). I also know quite a few people in quantin NY, Chicago, and LA.
I mostly want to answer/help with those who are recruiting and want to know about what goes on in a bank, and to those weighing bank trading against buyside (quant, research, trading etc) or even non trading roles like sales, banking, consulting, engineering etc.
I will try to answer anything I can as long as it doesn't dox where I used to work or who I am.
I will not give any BS answers. I am not the typical person over-inflating their credentials or anything. If I can help at least one person, I will be very happy.