Non-compete for hedgefund

nt181's picture
Rank: Monkey | 34

So friends,
Let's say I made a dumb decision and join a "(in)famous" hedge fund with 2 year non-compete written in my contract. Of course, at the time, the hiring manager told me that the length of the non-compete thing is a function of how much I know. And now 6 months later, I regret my decision... I am still on training (yup - despite all the experience I accumulated over the years). I have no experience with this kind of non-compete in my previous job? Do you guys have any experience to share on how you/hfs deal with it?

Comments (14)

Feb 27, 2019

Hey ntgn81, the following topics might be helpful:

I hope those threads give you a bit more insight.

Mar 1, 2019

Just take a 2 year vacation. You'll still get paid your salary during your non-compete period.

    • 1
Mar 1, 2019

Delete

Mar 4, 2019

Do you know it's by law that company has to pay during non-compete period?

Mar 6, 2019

it should be in your contract...read it.

just google it...you're welcome

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Mar 6, 2019

If this is BW, have seen them enforce it. They are not joking. Best route is to go party for two years on a very generous salary.

Mar 6, 2019

This is my dream

Mar 19, 2019

It's not mentioned in the contract, unfortunately....

Mar 20, 2019

are you saying that you want to leave this firm now? or are you wondering about leaving some years down the road, and this is just a curiosity?

just google it...you're welcome

Mar 20, 2019

I want to leave asap but I need to plan things ahead...

Apr 13, 2019

Two years seems excessive. I've heard > 1 year is hard to enforce in NY state court. Having said that, pay for legal advice. A couple thousand in fees is cheap compared to doing it wrong.

May 13, 2019

Do most people who sign a two year non-compete quit without having anything lined up, and then interview a year or more into their non-compete? Or are there jobs willing to wait two years for someone to show up?

May 18, 2019
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