Have any of you HF folks made 7 figures?
To the HF analysts/PMs -- have any of you guys made 7 figures? Care to share your story, the type of fund you're at/AUM, and how long you've been in this business? Thanks!!
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Man you need to chill with the WSO posts. You’ve posted extremely identifying details about both of your parents jobs … You literally posted where they both work and job titles as well as the exact high school that you go to. I was able to find both of them with a two minute Linkedin search.
Can u post it here
s
Personally know a former HF guy (founder) worth between .5B and 1B. Was a fund manager prior to going out on his own.
how big is his weiner
I bet it's ~HuskySized~
Between 0.5 and 1
Some of my investors did. Two of them went straight to HF after IB but I think the other did a few other things in between as he made his money in the early/mid 00s.
I wish I could, but I'm definitely not a superstar
I made 7 figures last year at a pod shop. On a good team that had a good year and I’ve been there a few years
Prove it
How many years of work experience?
Wow man, nice!! Few questions:
1. L/S? Also what sector?
2. How much did you lose to uncle sam in taxes (% wise)
3. Thoughts on comp upside @ SM vs MM? Could you have pulled down 7 figs in a SM with similar performance?
Can answer #2 for ya haha. Unless there was a deferred portion it was definitely about half
Yeah it’s L/S and was a TMT book
I’m in NYC and paid approximately 51% effective tax. Not fun
Unfortunately I have no idea how to compare it to a SM but I would imagine analysts at large funds with similar amount of work experience probably pulled down similar. Whether I would have succeeded in that model and made as much for myself, I really don’t know.
Have two friends at HFs (one SM and one MM) who one made just above 1M and the other about 750K two years into their seats after joining from ER seats. Both were very sector specific. The one who made above 1M was at the SM and said a substantial portion was surprisingly deferred cash comp while the MM guy got it upfront.
Yes, I did at a large distressed/credit focused single manager.
congrats man!
Would love to hear more about the firm/ any information about your path? Super interested as I am entering sell side credit research and want to eventually move over to a hedge fund
Restructuring banking -> current fund, late 20s. Plenty of hires coming from private equity or other buyside roles too. Have also hired analysts from sell side distressed trading desks before, although there is some perception that you’re not doing as deep work in that role.
anu uk funds where i can make this kind of money
Tesco
Lmao. None.
A lot did in the multi platform shops.
Yes. I'm with a mid sized platform shop and have done 7 digits over the past 3 tax years. It's a great feeling, but living in NYC with family in SF Bay dilutes the experience for me.
Congrats! Few questions for ya
Including 401k/fund investments/etc., I'd say about 15%.
I joined the current firm 5 and a half years ago. Started as a PM but had a much smaller capital allocation.
Current spot is worth 4MM, though I could afford 6-8MM comfortably assuming a 20% down payment.
Mid 30s. Give yourself the time and space to fail/test/learn (10k+ hours), surround yourself with like-minded people (ideally in different fields), and take professional risks.
I'll show you mine if you show me yours
that's what she said
Yes. Repeatedly.
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