解構華爾街狼人秘密： 💰靠fee 搵好多❓晉升機會❓好難入行❓Hedge Funds❓

解構華爾街狼人秘密：💰靠fee 搵好多❓晉升機會❓好難入行❓💰先講 Hedge Fund 係咩嚟？🔍Hedge funds(對沖基金)喺一種投資基金，會喺機構投資者同經認可投資者度籌集資金🏦，再投資到金融資產，通常都會係liquidity比較高而且公開嘅traded assets📊。HF以絕對收益為目標，唔會好似private equity firms咁買賣成間公司🏢，亦唔喺好似mutual fund咁以relative return為目標🧐，HF 會收取asset under management(AUM)嘅一小部份作為management fee，同埋annual return嘅一小部份作為performance fee💰。愈好表現賺取嘅收益愈多，仲有機會高過其他sell-side嘅工或者bankers🤩。工作主要分為三大類：〽️Investment team：會負責構思同分析唔同嘅ideas作出投資決定💰📊Trading team：執行investment teams嘅策略，盡量令每個trade都係best price😎🗂Middle & back office：例如 compliance, accounting, operation等屬於supporting 📑👣 Career path會喺點？1️⃣Junior Analyst/ Research Associate (2-3 years)如果你係剛畢業就入行，或做過短時間ibank analyst、equity research associate、大行traders入門都係呢個 role📍，職責主要喺financial modelling, data gathering, due diligence等💻。2️⃣Analyst (3-4 years)職責同Junior差唔多，但會有高啲獨立性同花多啲時間喺specific investment thesis📑。3️⃣Senior Analyst/ Sector head (3-5 years)都喺要做analyst嘅工作，有時會focus喺特定嘅產業同行業或者strategy🗂，亦要花更多時間喺management方面，亦要向Portfolio manager sell你嘅ideas🕴🏻。4️⃣Portfolio Manager (Top)PM要負責最終嘅交易決定，監察成個portfolio同風險，更加要睇埋middle & back office 嘅運作👨🏻‍💼。如果喺single-manager HF，PM更加要負責籌集資金，如果喺multi-manager，每個PM都會被assign一定嘅AUM去投資💰。🚪Exit Path由於工作比PE同IB嘅工更specialised，所以mobility相對低啲🤔。轉工主要都喺轉去其他或自創一個HF💰，亦有人會讀個MBA rebrand自己📚。💕心大心細做唔做HF好❓比較下優劣點啦！💰可觀收入: HF本身每個level嘅basic salaries已經好唔錯，bonus更同表現成正比🤑基本上每個global issue🌍，都係你critical thinking派用場嘅時機去搵投資〽️🗂多元化嘅strategies同文化: 比IB/PE更有彈性搵到啱自己嘅環境🕘工時長: 雖然已經比ibank嘅短少少，但喺都一樣咁intense 同大壓力🤭。👣難中途入行: 僅次於ibank或者PE中途入行嘅難度，好多時要由junior做起🙈。講到好似好難入好難跳咁，其實都因為HF屬prestigious 同要求高嘅行業，所以如果同學CV上一早已經有HF嘅經驗，都擔保咗你一定實力。不過要攞到第一份HF 經驗唔容易架，Career Hackers 當然幫大家準備好！我哋同LBN Advisor 合作嘅Global Markets Winter Analyst 接受報名啦！你可以一邊做嘢，一邊由LBN CEO Benjamin，作為 ex-Goldman Sachs Executive Director，俾你每星期intensive training同 mentorship🤝，了解現實中點樣「think and execute in institutional way」💡。聽吓過往參加過嘅同學仔係點講：跟Benjamin學咗好多有關Stock pitching、建立long/short portfolio、research 唔同investment ideas 去回應市場唔同嘅Catalysts等等。Benjamin亦非常之accessible，又教咗我行業會用到嘅hard ＆ soft skills，呢個實習仲boost到我份CV，對將來career 發展好有幫助。-Anson Cheung - Citi Private Banking對於想入bulge bracket 或hedge fund，特別係欠缺一個敲門FO 經驗嘅同學，立即去bio link Global Markets Winter Analyst報名啦！