Offer on Table from Non-HF while on Path to HF

Hey all,

I'm passionate about investing and would like to work at a fund. I've had my own successful PA for ~2 years (don't worry - in touch with reality, understand I'm not a wunderkund for short-term success) and passed L1 of the CFA in Dec 17. Just graduated Economics from a "target"/well-respected university.

In December/January I found a fraud. Research heavily, produced a report, and entered a short position. Shares fell ~90%. It was an incredibly interesting and formative experience.

Anyway, I saw an investigation was launched into the company and I shared my research with the head of the effort at this securities law firm. He spoke highly of my work to a partner and I interviewed. I believe I may have the job.

Here is the pickle: I'd like to work at a fund. My career aspirations include being a successful/quality analyst and eventually launching my own. This is not a fund - it's a securities litigation firm that finds frauds. I'm very interested in short-selling in general and fraud is a pretty niche portion of that space. I'm seeking advice on if I should secure this opportunity. Do you think it would well-position me for employment within a fund following working there? Do you think it'd give me the accounting base to better develop me as an analyst? It seems mentorship there is somewhat limited as the senior ppl are all legal backgrounds. Evidently, I'd be given free reign to find frauds on the market - highly appealing work, hours seem light too, location is good, no idea on pay.

Please, any thoughts would be highly appreciated.

 

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How do they make money?

Are they the guys who sue companies after accounting problems surface? Not the best line of work and a bit ambulance chasing. Wouldn’t be a bad place to start but if it’s that type of firm I’d prefer other opportunities.

I forget the exact niche but there’s some firm that exposes frauds maybe in healthcare like overbilling practices or maybe security frauds etc. Theirs a law where the whistleblower gets like 1/3 of what is seized. Suffice to say for some firm working out if I think Florida they’ve done very well. Likely better than professional short sellers without the risks.

 

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