Comments (4)

 
  • Investment Manager in HF - Other
Feb 25, 2021 - 7:32pm

Being fired at a hedge fund isn't as surprising as it is in IB (at the junior levels). In IB many employees work 2 yrs then go to PE or business school, so in a way there is an "up or out" (if you don't go A2A you leave) that just has a natural "cut point". 

At a HF you aren't on some program that has a predetermined "cut" point. So if you underperform for a year or two you will get fired. There is a lot of competition, the pay is high, and a lot of people trying to break in. So if you don't perform (whether that is PnL, work well with the PM, are quick and accurate in your work, etc) there isn't a good reason to pay large amounts for that. 

But generally it happens through low bonuses and people wanting to leave. 

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