Got offered a commodities research role at GS. In the end, I would like to trade commodities, not do research. Does this put me in a good place to do this? How about moving to a physical house like trafigura, or a hedge fund -- would this be possible? Essentially, what are my exit opps?
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I'd think that most hedge funds with commodity departments would have roles for you. Unfortunately , there's a big difference between producing research ideas and deciding how much capital to allocate to the idea , sizing up the trade , letting it run , and when to cut out of it - and responsibility for the attendant Profit or Loss. That is the essence of the difference between a PM and a Research Analyst. You could try to lateral into Goldman Sachs Asset Management? What's your background?
If you want to be in a position where you put on significant discretionary positions in commodities based on research , then S&T at an IB is probably not the best fit. I don't think they are in that business any more. Even if they are, by the time you're trusted to do it , these activities will have been pared back dramatically. Let's take this discussion off the board. PM me with what sort of role you're looking for.
How old are you?
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