Hint - you don’t want to be in this group. Time is of the essence as they say - as we approach the late majority stage of the adoption cycle for Bitcoin and other blue chip crypto/defi assets (something we will expand on visually in today’s post). On top of this win that immediately pumped markets we saw a classic uno reverse move from major insitutions who are all lined up to get Spot ETFs approved including BlackRock, Fidelity, Wisdomtree, VanEck, and others. This week Grayscale Investments, largest Bitcoin fund traded over-the-counter ($14B AUM), has achieved a significant triumph over the United States Securities and Exchange Commission in its push to transform its Grayscale Bitcoin Trust (GBTC) from an over-the-counter offering into a publicly listed Bitcoin ETF (Exchange Traded Fund). We’ve aimed to put together a succinct but incredibly comprehensive snapshot of the best ways to get a hedge fund role, while understanding the landscape, and furthering your chances of a massive payday.Amid all of the insanity in global markets, politics, and the US right now - crypto has continued to shine despite intense volatility on the heels of the jarring bear market that left many retail investors holding the bag and a myriad of exchanges insolvent, in court, or blown up forever. Let’s walk through the basics and some background before diving into the usual ways people break into the industry and succeed there, often making exorbitant amounts of money in the process, or getting cut if they don’t. If so you could be a good candidate for a role at a hedge fund. However, they are still a fantastic place to start and nurture a career in finance not to mention one of the best places to make a shit ton of money.Īre you smart enough to find a differentiated viewpoint or angle that has been overlooked by most of the public and other investors?ĭo you have an impressive resume and academic track record?Ĭan you identify undervalued companies and overlooked opportunities?ĭo you have the ability to work under pressure, make tough decisions, and stand by your market thesis or asset play with conviction? That has since changed and the industry now faces new challenges with regulation, public dissemination of information, stricter compliance protocols, increased redemptions, and demands for fee transparency. There have been many changes in the hedge fund industry over the last 10 years and since the last financial crisis - hedge funds were once considered the rogue bad boys of the finance world, finding new and clever ways to profit in markets and avoiding much of the scrutiny that more traditional finance firms were subject to. The truth is, there are many different ways to break into work at a hedge fund but they all have one thing in common and that is a necessary passion for markets, finance, and driving alpha.Ĭolin Lancaster, at hedge fund Schonfeld Strategic Advisors, who’s written a novel on his time in the hedge fund industry, says the Holy Grail for all hedge funds is “finding an imbalance” and then profiting from it (EFC). Several of these links are incredibly valuable for understanding the current status of the hedge fund industry in several hours. We’ll break this guide and overview into several pieces.Īt the end I have compiled a list of resources that are extremely helpful if you’d like to study for a hedge fund interview, learn more about the industry, or see if you think a lateral move would interest you more than your current role. Others could be better suited to answering your specific questions on day to day operations, what specific funds do, and other insider details - so feel free to ask questions in the comments and I am sure folks in our following who work at Fortress, Citadel, Point72, 2Sigma, Millenium, and other large funds can help answer them. I have strived to summarize and synthesize most components of the process of what hedge funds do, how to get a role, and the different strategies they leverage. I worked with hedge funds in my professional career, having to understand the ways they work internally, how they view the markets, and I also dealt with them when I was a trader. My goal is to shed some light on that process, what they look for, and what you can expect from the range of roles they have so you can have the best chance to get a role if that’s what you want. Regardless, hedge funds represent the unbridled capacity to make godly amounts of money and because of that getting a role at one is highly competitive, cutthroat, and arduous.
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