Hedge teams for the summer: special situations or long/short

I've been lucky enough to get an offer to work at a really well-known hedge fund for the summer. Of the two teams, which will position me well for the future? Background: target school, previous experience in M&A. First time working in a hedge fund. Come from a mathsy, non-finance background and also have many other career interests outside finance, so I am hoping to base my decision on both what would teach me a broader skill set and also what would appear more interesting/ valuable for future employers.

Thanks.

3 Comments
 

Both can be interesting, so I'd base my decision on whom you'll work with...

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

I agree with Matrick's POV. But all else being equal...

When they say special situations, would it include credit as well as equity? If so, I would take the gig. Learning to invest in credit / across the capital structure makes you a much more flexible and I'd argue better investor than a pure equity long/short guy.

If it doesn't include credit, I think I would take the equity long/short gig. Just better fundamental background/training than merger arb / spinoff life I would think.

 
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