HF Industry Dying?
Spoke with 2 MDs at a top BB (GS/MS/JP) recently and both said that HFs have been very stagnant for the most part and it isn't as appealing as it once was (also have seen a lot of turnover in their group). They work in the AM arm and focused on hedge funds for decades so I feel they know what they're talking about. Curious what your thoughts are if it's just them being cynical or not. I'm interested in potentially going over to a credit hedge fund and working my way up.