What are the chances?
So I was talking to a friend's friend last Friday during happy hour. He's a trader at one of the top HF and his firm just promoted a newbie from BO to a junior trader on his desk. The newbie is from a semi-target, he's obviously smart, but this is just incredibly lucky.
What do you guys think? How often does this happen?
ALSO, I'm very curious about this, how many non-targets actually make it into FO? Personally, I don't know any, but that's probably just because my network isn't strong enough...