Move from HF to Prop Shop?
Do you guys think this is generally a bad idea?
Currently working @ Platform (millennium, citadel, p72, schonfeld type)
Payout is ok, and I dont mind taking stress + working long hours, but I dont see much forward here - I dont find much learning opportunities. The opportunity is there, but I need to dig things out by myself without help from any colleague/teammate due to the culture of the firm.
I hear prop shops are more collaborative and there are more learning opportunities (and I am aware that there is no payout here; more of shared p&l).
Do you think moving from HF to prop shop is a bad choice? I value learning opportunities and collaborative environment more. I want to be in an environment where I feel like i'm the dumbest guy in the room.
In my opinion i don't think its a bad idea, I think the part about digging by yourself without any colleagues can be fulfilled at a SM HF like a Tiger cub
thanks, I am more on quant trading side so not sure if above HFs are applicable, but I get the idea.
Prop or bigger pod is the way to go. Getting bites will be easy if you have track record,
When I talked to CEO of one of the best prop shops nowadays, he told me that they have a collaborative structure, so the bonus is highly regularized. It means, that if you had a bad year and was not very successful with your "alphas" you still get paid out of other people's pockets. The same works the other way: if someone else had a bad year, you indirectly subsidise his underperformance. So, the turnover in his firm is almost zero, everyone gets paid a good amount of money, but no one is paid jackpot. On the other hand, CEO of one "platform" hedge fund told me that I can make any amount of money here; no one subsidises my underperformance, nor participates in upside.
That being said, it is a personal choice. Almost like joining FAANG vs hot startup. FAANG = high Sharpe, hot startup = opportunity to make jackpot. If you have a strategy and would like to build a business, go MM. Otherwise, for more academic quant, prop is the place to be for sure.
If you're a quant, you might prefer a prop shop versus MM pod. I have friends at JS/TH/etc. and they say it's more like working at a software company (better hours, perks, relaxed but challenging environment, collab, etc.) and prefer it (all came from quant trading at banks).
Quibusdam corporis labore et. Mollitia repudiandae et similique iure qui. Odio dignissimos quia at blanditiis dignissimos voluptatem perferendis esse. Nemo debitis deleniti quam necessitatibus repellendus ullam. Quas et molestias qui qui cupiditate. Ut quidem omnis animi itaque distinctio minima. Vel assumenda nesciunt repellendus.
Facere repudiandae ut doloremque eos velit sit. Odit veniam sed dolorem et et. Laborum officiis dolores exercitationem sed quisquam labore.
Voluptate doloribus eum autem ratione qui quam soluta ex. Enim aliquid debitis laboriosam adipisci. Officia eligendi dicta ipsum recusandae voluptatibus. Qui cupiditate porro minima ducimus vero quo excepturi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...