Questions for you opportunistic credit HF folks - How possible would it be for one to transition from a L/S HY ( including some stressed, CDS and LevLoans)/Performing Credit role to a distressed role? Assuming the former role is straight from undergrad, what extra steps would one need to take in order to be a competitive candidate for a public distressed seat at a top fund? What kind of difficulties or disadvantages might one face without having the IBD background and how would you compare to a LevFin/Rx Analyst?
I'm assuming more effort would have to be put towards modeling early on, but I'm not aware how of how drastic the difference in investment analysis is when comparing HY vs distressed credits and what disadvantages I might face. All opinions and additional info is appreciated from those sitting in either seat!
Hedge Fund Interview Course
- 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
- 11 Detailed Sample Pitches and 10+ hours of video.
- Trusted by over 1,000 aspiring hedge fund professionals just like you.