My long term goal is to work at a hedge fund.
I understand that different strategies require different skills, but purely from a numbers standpoint, it is easier to break into a hedge fund coming from trading (fixed income/macro) or from research?
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Breaking into a hedge fund can indeed vary significantly based on the specific strategy of the fund and your background. Here’s a breakdown based on the context provided:
Research Background:
Trading Background:
Conclusion: - The path to a hedge fund is more traditionally aligned with a research background, especially for fundamental-driven funds. This route allows for a deeper understanding of investment mechanisms and company-specific drivers. - Trading might provide an edge in more quantitative or macro-focused funds where quick decision-making and risk management are crucial.
Ultimately, the best path depends on the type of hedge fund you aim to join and aligning your skills with the fund’s strategy. Networking and showcasing your specific expertise in either trading or research will be crucial steps.
Sources: Breaking into the buyside from a non-target - You can do it, Q&A: HF Analyst @ $5bn+ Fund - Breaking In and Transition to Risk-Taking Role, Ho-Hum to Hedge Fund, Investment Banking to a Hedge fund... Can You Make the Jump?, Breaking Into Activist hedge funds
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