Industry switcher needs some perspective

I have searched high and low and cannot find the answer to my two questions. I am hoping a more senior monkey in this community can help shed some light:

Background
I am an industry switcher from life science. MS and PhD from top med research school, two years at top pharma, now at top 5 MBA. My goal is to end up on buy-side in med and life tech niche, but hope to be able to expand my focus areas later.

Setup
I just accepted a summer internship at a close-ended fund that employs event-driven, value, and technical strategies with L/S used strategically. They invest in the public, private, and crossover space. It's a small group, great AUM, and a fantastic educational opportunity.

I plan to work hard this summer, secure a position after graduation, and continue there for five years. Let's assume that I contribute to generating good alpha in those five years.

Question 1: On WSO, they're listed as HF, but no other sources I've found from google relates CEF to HF. So, honestly, how close/far away is this from a HF?

Question 2: What's WSO's intuitive feeling of how easy/difficult it will be for me to transition deeper into HF territory for my second job post-graduation? That is, how marketable to other HFs are the skills I would presumably pick up in five years?

Thank you in advance!

 
Gray Fox:
.LSLS.:

No one has an opinion?

hard to tell without knowing a little more, PM me if you can offer a little more detail and maybe I can help.

Thanks, Gray Fox. I need 6 more banana's before I can PM.
 

Your experience is very relevant for the type of strategies you are going for. Try to learn as much as possible about investing at this fund and that would set you up for a good shot at a career in investing in pharma/bio companies.

 

Thank you BlackHat and jackiejackiejackie. I PM'd Gray Fox and am still waiting for a reply. I guess my real question is whether my experience at a CEF will be considered relevant to HF when I look for my second job post MBA. Per jackiejackiejackie, it seems as if experiences learned at CEF are considered acceptable resume currency to HF managers. Did I read that correctly?

 
.LSLS.:

Thank you BlackHat and jackiejackiejackie. I PM'd Gray Fox and am still waiting for a reply. I guess my real question is whether my experience at a CEF will be considered relevant to HF when I look for my second job post MBA. Per jackiejackiejackie, it seems as if experiences learned at CEF are considered acceptable resume currency to HF managers. Did I read that correctly?

 

Voluptatem similique in aspernatur dolorem. Illo aut quo iusto beatae sit voluptatem earum. Soluta id omnis doloribus autem.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”