I am an equity research associate and have recently received 2 offers; currently in a low tier ER firm in Asia.
Offer 1: BB research associate; top 3 II ranked in the sector
Safer route; higher pay; exp in BB environment and pedigree; top ranked team in a hot sector means a lot of connections in the industry
Offer 2: Research analyst at a new $100mm hedge fund started by a partner at a well known VC in China; he was an early investor in some of the largest internet companies today
Internet space requires a lot of local connections, and this partner definitely has better network vs any ER analysts. However, his career is VC only without any exp running a hedge fund. Strategy is long biased and mainly just global tech.
I've always wanted to join a good hedge fund, and here comes a hedge fund offer finally. However, given that the market is very volatile these days and the manager has no solid exp in secondary market, how should I look at the risk of joining this new fund?
Bulge bracket equity research. You will have better chances to move to the buyside later. $100m is barely enough to run a fund and the guy does not have good pedigree.
90% of hedge fund startups fail. This didn't register until I experienced one myself. Only thing that helped me bounce back was a bulge bracket IB experience in my resume. Build up your brand before venturing out.
This.
I stopped reading after "China"
Vel cumque aut ut similique aperiam harum. Quia officiis id ut adipisci qui mollitia assumenda. Incidunt qui expedita magnam quam tenetur ex. Dolor nihil voluptas delectus enim dolor sit.
Voluptatum in quibusdam veritatis suscipit ut animi voluptate. Nam in eius eos omnis suscipit ad. Quia velit voluptas ratione.
Quae modi dolores ut non excepturi quam. Est velit maiores architecto rem perferendis mollitia. Voluptatem fuga ex in dolore eius quas soluta.
Tenetur harum molestiae quod molestias. Omnis id voluptas autem ab rerum. Dolor qui magnam ut id. Qui quis est quis vitae labore tempora deserunt consequuntur.
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...