Most unconventional paths to Hedge Fund that you've seen

What are the most unconventional paths to HF you have seen among research analysts? The conventional ones include equity/credit research, IB, MBB, S&T.

Anything else is fair game. This can be for any fund $300MM+. Anything from corporate strategy to operations to boutique consulting

Comments (21)

 
Best Response
Dec 31,2017

I know of a guy (Billy Joe) who went to Michigan with the intentions of going to law school. To set himself up for a nice career behind the desk, he ended up studying sociology minoring in philosophy. His freshman year, he had a random roommate (Aziz) with whom he ended up pledging a frat with. Aziz's brother, Jesse just got into a fund and came to UM games quite often. Billy Joe ended up being the house bookie and took bets from Jesse. Jesse ended up being so indebted to Billy Joe that he offered Billy Joe an internship for his sophomore summer that should provide enough money to cover his debts.

After really liking it his sophomore summer, the fund invited him back for his junior year. Thrilled with the money, he said okay.

He came back the next summer having read up on the industry, took the WSO courses, the whole nine yards. He ended up being so good that they offered him a full-time job! Unbeknownst to Billy Joe, once he accepted the role, they fired Jesse because Billy Joe was taking his spot!

Now, it is like ten years later and Billy Joe makes cake and wants to become a fly fisherman because it is a stress free life.

TLDR: Kid studies Sociology/Philosophy and gambles his way into HF

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Dec 31,2017

Damn, that's pretty crazy. So did Billy Joe quit now after making bank?

 
Dec 31,2017

Haha - he became a gym teacher!

 
Dec 31,2017

Lmao are your trolling

 
Dec 31,2017

Corporate lawyer to HF research analyst/PM.

 
Dec 31,2017

Is this yourself? Do you mind me asking how you/the person made the leap? That sounds amazing

 
Dec 31,2017

I've seen some special sits guys take that path

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Dec 31,2017

Podcast some of you have probably heard of.

This aussie dude drops out of university, reads a bunch of books, bumps into a manager and wows him with his knowledge. Got a job with the fund, then went on to start his own.

Stuff of legends.

Absolute truths don't exist... celebrated opinions do.

 
Dec 31,2017
 
Dec 31,2017

this is an incredible story. I have followed oliver white on social media for years, completely unaware of his stint with Ackman. further proof that fly fisherman are the coolest god damn people in the world.

 
Dec 31,2017

I know a guy who went from BO HF to analyst. Very rare but a very smart guy. The back office role got him an interview and an internal recommendation as a hard-working guy and the rest is history.

 
Dec 31,2017

This thread has a bunch of anecdotes:

https://www.wallstreetoasis.com/blog/routes-to-buy...

taken:

Craziest career path to PM (Originally Posted: 09/17/2012)

So I've heard alot of Fund Managers have had non-traditional careers previous to their fund management career, i.e. being in the army or Soros' Philosophy degree.

What are some of the oddest careers that you've heard of previous to someone entering the fund management sector?

Disneyland worker > Analyst at Baupost?

 
Dec 31,2017

I know someone who went from political analyst at an intelligence agency to a global macro fund. Uncommon background, but not entirely inconceivable.

 
Dec 31,2017

Did they do this through networking or B-school? And do you think it's possible for say a L/S fund?

 
Dec 31,2017

Know someone who started their career as a journalist and ended up managing a couple billion as a PM at a top HF. That story made me realize that things really do work out and if you're meant to end somewhere you probably will.

 
Dec 31,2017

+1 SB. How did they make the shift? B-school or straight networking into the fund? Is this a funademntal/L/S equity hedge fund?

 
Dec 31,2017

bill ackman's undergrad degree was in history

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.

 
Feb 28,2018

few interesting stories:

college dropout, top prop trader at a BB, partner at a well known HF (before 25), partner at tier 1 hedge fund, left it all do something more entrepreneurial and is killing it again... dude is a legend.

many BO to PM at tier 1 hedge fund stories. it isn't rare, and they're some of the best traders out there. typically do a stint in risk mgmt, execution trading or strategy before jumping into a PM seat.

in terms of well known stories i think Kovner, Burbank and Griffin are the most out there...

 
Dec 31,2017

There was a Senior PM at a $12bn credit hedge fund I met once who said he was a tax accountant before joining, which I thought was an impressive leap

 
Dec 31,2017