Quote:
Originally Posted by Unregistered
for the poster above in the hedge fund, how does one get into a reputable hedge fund? do they mainly recruit from sell side ibd/s&t traditionally? do certain groups on sell side have better exit opps? |
Sell side s&t- to be specific, if you are a sales analyst, associate or even VP or D, you do not stand a chance. Hedge funds only hire traders, senior traders and former PMS. Sales and trading should never be confused, you sell products and take credit for volume in sales while you make markets, hedge positions, and maybe some prop. Sales do not require you to read news, monitor market movement unlike in trading. If one is in sales, I can confidently say 0 chance to become a PM.
To answer your question, hedge funds hire TAs, execution traders, dealers and PMs only from sell side traders if ever.