Working at top hedge funds like Millennium, Citadel, Point72, and Balyasny offers significant financial rewards but comes with considerable risk. These firms are experiencing rapid growth and offering lucrative pay packages, with some reaching tens of millions of dollars for top performers. Investors are optimistic due to strong 2024 performances, and market dynamics provide ample trading opportunities. However, these firms offer minimal job security, with an annual turnover rate of approximately 20% among money managers. The recruitment landscape has expanded, with hedge funds now competing with banks and tech companies for top talent. The appeal lies in the substantial bonuses, which can reach up to 25% of portfolio gains, alongside the competitive and ego-driven environment. Despite the high-stress conditions, the allure of large paychecks attracts many professionals. Some firms are shifting towards more stable teams by consolidating investment groups, potentially reducing turnover rates. \n— new from Business Insider
