What's the famous hedge fund companies? How is the working hours?
There are literally thousands of hedge funds (https://www.statista.com/topics/5064/hedge-funds/ as snippet of stats) so hard to generalize. Keep in mind famous do not necessarily mean best performing. But certainly the ones with strongest brands include Renaissance, Bridgewater, two sigma, DE Shaw, citadel, AQR (heard they've dropped off slightly). These are also seen as top performers over many years. It's easy to have one good year once in a while, but they are generally consistently good. As another sample data point, I was recently interviewing with a midsized, local hedge fund (that really no one would know) that offered 140 base and 250-300 all in TC
How does one go and find such hedge funds? And get to interviews? Do you just apply through website?
So if I were looking to move to NYC, 100% fine to do exactly that. The more well known hedge funds are in NYC so I'd know who to apply to anyway. The issue for me was that I was looking in an unfamiliar market city to me (eg Boston / Philly / Chicago type city), where there certainly are financial services, but less known for the hedge funds. I'm fortunate enough to have a target background from undergrad that a few recruiters reached out through LinkedIn and found one from Huxley to be very knowledgeable. FYI if a being at a hedge fund specifically isn't necessary (eg prop trading firms seem interesting too), Chicago is a great city for that too.
I can only comment on top hedge funds where you definitely can make more TC than tier one. 400-500 and above with less than 10 yoe. Comp is bonus heavy. Base above 200.
How about these hedge fund in Connecticut
Connecticut sucks. If you're not here, don't come here. You gotta be up towards the top to make anything decent. L4/L5 - good pay. Anything else ... pfffff ... lmao ... total bullshit. But, TC varies in this area. Whats your YoE? If it's towards Stamford - your QoL/CoL will suck. I95 is a hellhole. Farfield county is expensive for nothing. If you're willing to deal with the congestion, CoL and BS of Fairfield - just go to NYC. And a CT tip: Fuck every small business here. Fuck em all.
I actually liked Connecticut better than jersey where I am currently. New York COL is even worse
TC is bonus heavy. Depends on trading year.
I really envy when everyone throws around crazy TC numbers at HF even the smaller one. I work in research at a fund with low single digit Bn in AUM and comp around here for junior researcher is 100-120 base and ~ 20 at year end if you don't crank up a nice innovative signal. But it's so hard to find an innovative signal
How much do people who do crank up the signal get paid at your fund? Also what's the location? 100k base seems low for NYC
Sadly we're located in one of the expensive midtown zip codes :( I know factually that junior researchers right out of schools get base of 100-120. Experienced intermediate level people from sell side came in at like 150 but nothing too crazy. Tbh idk how the profitable researchers get paid but there are not many of them. For juniors there's no fixed percentage of pnl payment or anything like that.
New grads get 200-250K TC. 10+ yoe hires get 400K+ TC
My fund pays competitive base + plus a bonus of whatever value we feel you brought to the company that year. Can’t speak for every fund though, they can vary wildly.
This is like asking "what is the base and TC working at a tech company"? It varies a lot.
How about these top ones?
What do you mean "these"? What kind of software engineer? Infrastructure, back office, all pay differently.