What is the work culture of a hedge fund?
Since most are small... does that mean they act and feel like a startup? Or despite being small, do they tend to act very corporate?
Appreciate all 1st-hand input.
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Not corporate at all where I work. Everyone wears what they want, largely variable work hours - leave early / arrive late as long as necessary work is done.
The key thing is the guys at the top. Here the culture is that they worked in IB and hated that and want a happier culture where work is fun(ish) and that the office is open plan / meritocratic / anyone can talk to anyone.
Though it is easier to manage with only 10 of us.
I would re-iterate that it depends on who is at the top. We are of similar size and also similar culture for the same reason.
Gotcha and makes sense as well. What about in terms of comp? Do larger ones or smaller ones comp better?
Which types of strategies do you find to be more sustainable for comp? Which industries? Biotech?
The answer to all of your questions is: It depends.
Sure. Let me try asking in more depth:
1.) If you work at a smaller organization, can you make more than someone similar in position to you, at a larger fund? Assuming the answer is yes, now I ask if it is generally the case, or the minority of cases. Or is the size of the company irrelevant.
2.) Which strategies historically have produced the most successful/wealthy investors in the past? And which sectors did they get involved in?
Where is the face-palm emoji when I need one
I actually don't think these questions are that bad.
1) I would say that you will make more at the larger organization 90%+ of the time unless you transition to a bigger role in the smaller organization which I believe is harder at the larger one. I would define small as sub $250mm in this case. I don't know from personal experience but I don't think there's much of a difference between $1bn and $10bn from a comp perspective... could be wrong.
2) The strategy that produces the best investors is the one that they are best suited for. As to what will make you personally successful or hopefully good at what you do I recommend finding a very smart boss that knows what he/she is doing. The investment industry is an apprentice industry and if you learn wrong your career is dead in the water-ish.
What is the stereotypical HF work enviroment (Originally Posted: 08/15/2011)
saw it in a thread so just wondering
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