Transitioning from Market-neutral strategy funds

For those who have worked at Millenium-type shops running tight market-neutral strategies and moved onto funds that have longer holding periods and take more concentrated positions, or vice versa:

1) How transferable is the skillset of covering / pair trading 40 names?
2) How important is quarterly trading?
3) How do you ramp up on new industries now versus before?
4) Do you have more or less autonomy/discretion?
5) Is the lifestyle more or less stressful, given looser risk constraints and longer holding periods, versus more concentrated positions?
6) How difficult is it to move between these two styles / is one more advantageous to start your career?

I know it’s hard to generalize but would appreciate any thoughts from folks who have been in and moved around in the industry.

 

Ipsa non quas quia voluptatem ut earum. Eveniet nam voluptas eligendi ipsam fugit. Cum asperiores possimus dolorum recusandae iusto exercitationem iusto.

Qui non rerum possimus rerum illum tempora beatae. Perferendis ut nobis rerum ipsa expedita ab. Quia esse sint magni aut. Cum dolores omnis soluta placeat at eligendi mollitia. Mollitia aperiam soluta quo eveniet cupiditate. Quis dolore nesciunt ratione.

Beatae aliquid consequatur soluta. Eaque sapiente sit tempora voluptate in. Corporis sit corrupti mollitia et vel sapiente. Ex consequuntur est quo minima et.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”