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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. What does your role involve?

Funds 59
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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

Equity research recruiting tends to be less structured, though the bulge bracket banks and elite boutiques still run traditional processes that start over a year before summer internships. If you do IB, you can get into deal-based roles ( private equity , corporate development , venture capital , etc.),

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Trading at the frontier

The TRADE

She joined Ninety One in 2021 from Royal London Asset Management where she had been head of dealing for three years. They’re newer in terms of access to capital but less developed in terms of how feasible it is to get into them. Gibson is a seasoned trader with an extensive career in markets.

Trading 59
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Fireside Friday with… Stifel’s Raymond Powell

The TRADE

We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic asset managers. The UK market is still a much more capital-intensive market for most accounts. I do not see the larger asset managers moving away from that model at all.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Additionally, multi-manager hedge funds have continued to win the lion’s share of the new capital coming into the industry as they have been rewarded for their ability to mitigate risk while still delivering positive alpha to their investors. That’s why the money’s with them and they will probably attract even more capital.

Funds 69
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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? the appropriate debt vs. equity mix, and additional capital needs over the next few quarters.

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Wealth Management vs. Investment Banking: Career Deathmatch

Mergers and Inquisitions

The Top Firms in Wealth Management vs. Investment Banking Most people would say the top investment banks are the bulge brackets and elite boutiques , at least for entry-level roles. It’s usually a 50-hour-per-week job , which is significantly better than the 60, 70, or 80+ hours required in IB.