Is the Multi Manager HF Experience Worth It?Subscribe
It seems like different people have different opinions about equity L/S multi manager HFs as a career path. I have the following questions:
1) Are most people at multi managers happy that they went this path, or jaded about the difficulty to generate alpha, about large bonuses being rare, and feeling that a career at a mutual fund, or in a less-saturated buyside sector, or even on the sell-side would have been just as well or even better-compensated than working at a multi manager?
2) I hear people saying that some people are a good fit for the multi manager investing style, that they are truly good at getting more quarters right than wrong. If everyone at the multi managers get more or less the same access to management, sell-side, big data tools, etc. and are all very skilled at modeling and familiar with their respective sectors, what differentiates the people who consistently do well from others? Is it mostly a matter of accumulating experience over the years and learning from mistakes? Or is it certain other qualities?
3) How can I best prepare myself for this investing style, besides having sharp technical/modeling skills? Should I pick a sector myself and play around with sell-side models to try to predict earnings and see how I do? I only have access to a couple sell-side brokers' research so that may be limiting.
Thanks a lot!