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Four and a half years at a small fund manager but trying to break into blue chip fund manager. How?

Got CFA, two MSc's one in economic history and one in accounting and finance. four years job experience. But breaking into a blue chip fund manager that might give me the chance to run money appears impossible.

Asked by slapdash

Posted in Interviews and Equities

19 Sep 2008

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Answers (8)

  • In the current climate become an accountant. Steady tangible work across a variety of industires. With fund management you'll always have that nagging feeling that you can be replaced by a simple tracker algo or the fact that most actively managed fund don't beat the market.

    Davros 19 Sep 2008

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  • If you have good numbers not a problem, otherwise keep knocking on the doors.

    PH 19 Sep 2008

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  • numbers ok at place am out but not outstanding... but I just advise the manager... so dificult for any light to shine externally... networking obviously helpful but not necessarily fruitful...

    slapdash 19 Sep 2008

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  • just hard getting the interview with a blue chip company... Accountancy isn't great in my view for me as although stable is perhaps less interesting.... have thought about that.. I think active management can have a role.... but that is just my view...

    slapdash 19 Sep 2008

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  • perhaps a HF / family office will be better, giving u more exposure & autonomy. risk is however higher in HF w/ layoffs next yr or so. Being in Fidelity, Capital Group is not so funny nowadays. increasingly they focus on marketing w/o appreciating the effort of fund mgt team. they r now so big that money keeps coming in despite poor returns across all sectors & funds managed

    gche004 19 Sep 2008

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  • thanks for thoughts... the difficulty is getting around the HR department. Trying to develop connections. Think I could do better than many of the fund managers out there but how to get the break??? Anyone any more thoughts??? Or any help?????

    slapdash 22 Sep 2008

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  • out of curiosityslapdash, i'm also a buy side analyst at a small-medium fund, how small is your fund such that larger funds ignore your application? I would have though if you wanted to move to being a fund manager in a large firm, it would be best to be either a fund manager at a smaller firm (with a good track record) or be a proven analyst at the large firm itself..

    funds 23 Sep 2008

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  • Funds - you are correct. Fund is very small. Record was ok but manager got a fair few things wrong recently. I agree with you though it is best to be an analyst at one of these firms or a sell side analyst. As at least you get your name out there. Difficulty with being a sell-side analyst is that often you are conflicted. All about getting that break really. Slap

    slapdash 24 Sep 2008

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