11/8/17

How possible is it to move from a fund of funds after a year or two to a hedge fund? I know obviously IB/ER are the ideal paths, maybe PE as well. But is it possible to move from FoF to a hedge fund with good networking? And I'm not talking about $10B dollar funds. More in the range of $300MM-$2B

Comments (12)

11/8/17

I've never seen it, no.

Hedge Fund Interview Course
11/8/17

What's the best path to get to a hedge fund from a FoF? Maybe do ER first and then move? Any suggestions?

11/8/17

Anything is possible, even if unlikely or improbable. Doing ER first, even for a year or two, would certainly increase the odds

There are a ton of equity hedge funds out there, with new ones being launched every day

11/9/17

Yeah gotcha, I was thinking do FoF for a year or so, and pass a few levels of the CFA, start reaching out to sub $1B dollar funds. I've head of people moving from operations to research analyst at hedge funds they work at, so in comparison, just thought that FoF would at least be significantly easier to move to a hedge fund in comparison to that

Best Response
11/10/17
therealgekko:

Yeah gotcha, I was thinking do FoF for a year or so, and pass a few levels of the CFA, start reaching out to sub $1B dollar funds. I've head of people moving from operations to research analyst at hedge funds they work at, so in comparison, just thought that FoF would at least be significantly easier to move to a hedge fund in comparison to that

More likely scenario would be FoF to sell-side equity research, build relationships with PMs and analysts at HFs, and then move to a HF. HFs have no problem hiring a person in mid/late-20's coming from sell-side Associate level.

11/10/17

Over the last five years, I have done due diligence on over 200 hedge funds (across all sizes, geographies and locations). 99% of people you see working at hedge funds have very similar backgrounds - so when you see someone with a unique background, it catches your attention. Not a single time did I see a person at a hedge fund who previously worked at a fund of funds. There were maybe 3 or 4 situations where I saw someone move from an operations role to an investment role (although one of that was at a FoF).

11/10/17

Can you define unique background?

11/10/17

Anything other than IB/S&T/PE/MBB.

11/10/17

Did you see people move from valuations or accounting to hedge fund?

11/10/17

All the time - but always in a middle or back office role.

11/10/17

If you don't mind me asking, what are the sizes of the funds you looked at?

11/10/17

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