Hedge Fund question!

inti75 · August 18th, 2006, 11:29 am

Hi, I got some interviews with a couple of Hedge funds in London, but:1) Is it good to start to career in a Hedge Fund (moving from academia)? probably is better to start in a well-know investment bank. 2) How can I know that a Hedge fund is "big" enough and it is settledown? and ranking on internet that I can find?Thanks! I.

player · August 18th, 2006, 2:22 pm

hedge funds tend to be very risky places to start your first job...Only take it if you have a strong personality....and in the knowledge you could be out of job in 3 months....

chromo · August 18th, 2006, 2:23 pm

great place to learn the realities fast. if you are dedicated and 'get' what they need, it's definitely worth it.if you can take the pace, risks, consequences...

PaperCut · August 18th, 2006, 7:30 pm

QuoteOriginally posted by: player hedge funds tend to be very risky places to start your first job...Only take it if you have a strong personality....and in the knowledge you could be out of job in 3 months....There are hedge funds, and there are hedge funds. It's no riskier than working at an IB or other prop desk. Your job is only as safe as the mental health of your boss.

ericlambi · August 18th, 2006, 11:24 pm

Hey, not all hedge funds are high-risk 80hr/week places to work. And well-known hedge funds look damn good on the resume. It is under-capitalized no-name hedge funds that you need to avoid.

pgeek · August 19th, 2006, 4:25 am

wat r the good hedge funds to work with, apart from DE shaw, Rentec..

inti75 · August 19th, 2006, 10:23 am

Thanks guys!!Where can I find on internet a sort of ranking??? like capitalization or assets under manangement? or what is a good capitalizacion value 2billon?

Rrolack2 · August 19th, 2006, 3:14 pm

Which HFs would you say look very good on a CV?

farmer · August 19th, 2006, 5:57 pm

QuoteOriginally posted by: inti75How can I know that a Hedge fund is "big" enough and it is settledown? and ranking on internet that I can find?What, are you looking to be somebody's pet? You lose your job, you find a new one. Or go find some other way to make money.Or maybe you should put on a fur coat, and try to pass yourself off at the stray-dog shelter.QuoteMy goal in life is to live paycheck-to-paycheck, so I need the steadiest job possible.

Rrolack2 · August 19th, 2006, 8:18 pm

QuoteOriginally posted by: inti75Hi, 2) How can I know that a Hedge fund is "big" enough and it is settledown? and ranking on internet that I can find?Thanks! I.There is nothing wrong with asking this. Hedge fund job security is positively correlated with fund size, and there's nothing wrong with knowing what AUM it takes to be "established" vs. being in the startup phase. While it's true that if one loses a job, one can always find another, most people still prefer not to lose a job.

ericlambi · August 19th, 2006, 10:46 pm

QuoteOriginally posted by: Rrolack2Which HFs would you say look very good on a CV?Two other funds that are quant oriented and offer decent work environments are AQR and Barclays Global Investors. Citadel is very quant, but is the stereotypical hedge fund work environment, which isn't positive.I'm sure the rankings can be found somewhere online . . . I have a spreadsheet of the top 100, but it is a couple years old now and is missing some obvious funds.

Rrolack2 · August 19th, 2006, 11:25 pm

QuoteCitadel is very quant, but is the stereotypical hedge fund work environment, which isn't positive.I know a guy who worked at Citadel, and he told me he looks forward to the day when he can take that place off his CV.

Hinstings · August 20th, 2006, 2:00 am

QuoteOriginally posted by: inti75Thanks guys!!Where can I find on internet a sort of ranking??? like capitalization or assets under manangement? or what is a good capitalizacion value 2billon?I don't think there is any official ranking of the hedge funds. A Hedge fund actually is quite "secrete".

PaperCut · August 20th, 2006, 2:27 am

QuoteOriginally posted by: Rrolack2 I know a guy who worked at Citadel, and he told me he looks forward to the day when he can take that place off his CV.As mentioned elsewhere on these forums, there is a growing fraternity of talented traders who have been courted, bought, disregarded and dumped by them.It would seem they subscribe to the Mike Ditka school of management.

farmer · August 20th, 2006, 9:59 pm

QuoteOriginally posted by: Rrolack2While it's true that if one loses a job, one can always find another, most people still prefer not to lose a job.If I had the credentials that would ecnourage anyone to talk to me, I would be more curious to find out what they are doing at the various funds, how that is relevant to me, and how I could use my skills and talents to make money.So my first post would be "I am good at this and this, which hedge funds are using this to make money how?"