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Multi-Manager Hedge Funds: A Meritocratic Paradise or a Revolving Door of Burnout?

Mergers and Inquisitions

It’s 100% possible to do asset management internships (or hedge fund internships ), take the CFA , and recruit for one of these large funds – assuming it’s open to undergrads. As the FT notes , this means that the LPs tend to pay significantly higher fees in most cases – the equivalent of 3-10% in management fees rather than 2%.

Funds 104
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Single-Manager Hedge Funds: The Best Way to Get a Recurring Guest Spot on CNBC?

Mergers and Inquisitions

They might have separate teams for specific strategies or markets, but everything is run under a single Profit & Loss statement (P&L). This setup creates many differences with multi-manager (MM) hedge funds , from investment styles to recruiting and careers. Read the filings, build a model, and make a long/short pitch”).

Funds 59